Posted: Thu Oct 17, 2019 12:49pm
Jim will correct me if I'm wrong, but here's my take on it...
If you live in Spain before Brexit and have Residencia before Brexit you will not have to prove income a second time. You will simply apply to change from a Residencia card to a TIE card.
However, if you want to live legally in Spain after Brexit you will be required to meet the non EU citizens criteria for income which is currently approx 2400 euros per month.
My personal view is that this high bar on income will deter many Brits from even considering buying property here for retirement etc as they could never meet the income criteria and I'm not sure the Spanish authorities will want to see that scenario, so my hunch is that there may in time be some sort of relaxation on it. As i say, this is purely a personal hunch and not based on anything factual.
Meantime my understanding is that lot of Brits are selling up, the question is will the supply of empty properties be taken up by EU citizens?
Steve