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I live in Uk , single age 62
and been thinking of moving to Spain permanently.
I had flights booked last year but everything went pear shaped due to pandemic .
I have watched a webinar which seems to be a complicated method . I would like to retire there but partly .
I need some one to guide me step by step process and cost
Do I buy property first or ??????
Thankx
In previous posts I advised that people in their 60's were too late (no offence, I'm older) buying property in Spain. I was proved wrong and I know people (even single people) who bought property in Mojacar Playa age 70+ thereby making mincemeat of my advice.
The process of acquiring a Residencia in Spain is not a short one and I think you'd need legal advice and it doesn't come cheap. If you sell your home in the UK your boats are burnt and return fulltime to the UK will cause problems.
I'm not trying to depress the livin' bejazus out of you. But, the alternative is to rent a property in the off season for 3 months and you will discover in about 5 weeks of the period if Spain is for you. Renting a good quality 2 bedroom apartment November - March* is not overly expensive especially when compared to rentals in other countries. If you want to make your situation pay you could do well to rent out your UK property to finance your 3 months "holiday." There are calls from people to have the 90 days period to be extended to some non EU nationals, but I reckon this will take a long time if it ever is to happen.
In the meantime you could do worse than looking up websites of real estate agents (Price-Brown, VIP, K7 Inmobilaria etc) just to get a handle on the price of Spanish property.
Guide on Rental Property:- *€750 per month (utilities included) for a well located modern 2 bedroom apartment - and you can get much cheaper depending on location, condition, etc.
Matthew wrote on Mon Feb 22, 2021 12:07pm:
In previous posts I advised that people in their 60's were too late (no offence, I'm older) buying property in Spain. I was proved wrong and I know people (even single people) who bought property in Mojacar Playa age 70+ thereby making mincemeat of my advice.
The process of acquiring a Residencia in Spain is not a short one and I think you'd need legal advice and it doesn't come cheap. If you sell your home in the UK your boats are burnt and return fulltime to the UK will cause problems. ...
Read more...
...
I'm not trying to depress the livin' bejazus out of you. But, the alternative is to rent a property in the off season for 3 months and you will discover in about 5 weeks of the period if Spain is for you. Renting a good quality 2 bedroom apartment November - March* is not overly expensive especially when compared to rentals in other countries. If you want to make your situation pay you could do well to rent out your UK property to finance your 3 months "holiday." There are calls from people to have the 90 days period to be extended to some non EU nationals, but I reckon this will take a long time if it ever is to happen.
In the meantime you could do worse than looking up websites of real estate agents (Price-Brown, VIP, K7 Inmobilaria etc) just to get a handle on the price of Spanish property.
Guide on Rental Property:- *€750 per month (utilities included) for a well located modern 2 bedroom apartment - and you can get much cheaper depending on location, condition, etc.
Thank you for your detailed reply .
So if I buy a 2 bed holiday home and rent it
As and when
What’s that like ?
Dkaur wrote on Mon Feb 22, 2021 5:35pm:
Thank you for your detailed reply .
So if I buy a 2 bed holiday home and rent it
Read more...
As and when
What’s that like ?
Please clarify your question.
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Posted: Tue Feb 23, 2021 6:17pm
Very helpful member
Dkaur wrote on Mon Feb 22, 2021 5:35pm:
Thank you for your detailed reply .
So if I buy a 2 bed holiday home and rent it
Read more...
As and when
What’s that like ?
hartcjhart wrote on Tue Feb 23, 2021 6:17pm:
do you mean buying a holiday home in Spain and renting it out when you are in the UK??
if so you will be entering a legal and fiscal minefield.
personally I see no point in buying a property in Spain(in later life) unless you are going to spend more than 90days there and that is a differen...Read more...
...t can of worms
Im with Matthew, rent a property for your 90day trip,keep the UK property
1 of the beauties of renting is that every trip you can go to a different area/property type
when you say retire 'partly' do you mean working part time in Spain?
thank you
my priority is to move permanently and work part time. I am qualified complementary therapist and also yoga and mindfulness practitioner
working with cancer patients.
that's what I would like to do as from home part time.
Dkaur wrote on Tue Feb 23, 2021 6:49pm:
thank you
my priority is to move permanently and work part time. I am qualified complementary therapist and also yoga and mindfulness practitioner
Read more...
working with cancer patients.
that's what I would like to do as from home part time.
you will find that the self employment work in Spain is also not the easy thing it was pre Brexit you really need to do a detailed look into what it involves and do not purchase any property until you are absolutely sure it is something you can afford to do.
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