Thank you all for your comments and thoughts, yes we will have state pensions and small private pensions, and we have a house in the uk that we could sell, (just have to time that right to avoid CGT I suppose) so it may be possible, I just dont want to find that we cant sell the apartment, and we cant live there either. Anyway, the sun is shining here in the Uk and it has been for the last 10 days or so. we have both had our first jabs with the second planned shortly. And we look forward to visiting our lovely second home very soon. Lets think positive!
Posted: Tue Apr 20, 2021 12:38pm
Very helpful member
Hi ,I think many are in the same boat as yourselves ,we bought mid 2019 ,we put house up for sale September last year and were offered 9000euros less than what we had paid from 2 interested parties add to that the changes we had made to property and money spent ,we declined offers and will continue to reject cheeky offers .I can definitely see Spain's logic on criteria for residency they are looking to maximise the income to Spain from taxation why allow a couple residency on 20000 when you can get so much more taxes by increasing it to 33000 ,I would imagine this would increase as years pass ,particularly if they can get people from other countries wishing to settle ,I think we will hope that theres a downturn in the value of the pound ,so that when selling we can get more sterling back when exchanging euros ,I definitely dont see prices on properties increasing especially when people cant even use the property they bought but continue to fork out for bills on property
Posted: Tue Apr 20, 2021 3:04pm
Legendary helpful member
With regard to property prices, my elderly mother’s house was sold at the end of last year, to fund her requirements as she is now in a Residencia. The price realised was just over half the actual asking price, itself a reasonable figure for the area and type of property. We all decided to accept this as the cash was becoming essential. It also meant that she was not still having to pay out standing charges for Iberdrola, water, Suma etc. it was on the market for almost exactly a year and this was the only firm offer we had.
John 52 wrote on Tue Apr 20, 2021 12:38pm:
Hi ,I think many are in the same boat as yourselves ,we bought mid 2019 ,we put house up for sale September last year and were offered 9000euros less than what we had paid from 2 interested parties add to that the changes we had made to property and money spent ,we declined offers and will contin...
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...ue to reject cheeky offers .I can definitely see Spain's logic on criteria for residency they are looking to maximise the income to Spain from taxation why allow a couple residency on 20000 when you can get so much more taxes by increasing it to 33000 ,I would imagine this would increase as years pass ,particularly if they can get people from other countries wishing to settle ,I think we will hope that theres a downturn in the value of the pound ,so that when selling we can get more sterling back when exchanging euros ,I definitely dont see prices on properties increasing especially when people cant even use the property they bought but continue to fork out for bills on property
Spain haven't increased the amount needed, the change is we are now a third country, we made this change.
bobtastic wrote on Tue Apr 20, 2021 11:24am:
I stand to be corrected, but I don't believe Northern Ireland has freedom of movement. My understanding is that people who live there either hold an Irish or UK passport. Those with Irish passports are Irish, so are still able to travel throughout the EU as a full member citizen, those with a UK ...
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...passport are British, so are not. I'm unclear on the conditions as to which passport Northern Ireland residents get to hold, maybe they get a free choice? Northern Ireland remains part of the UK and so EU citizens do not get free movement there. I am happy to be corrected on this if I'm wrong. Sadly, there are enough nationalist idiots in the UK who will allow themselves to be guided up by racists to always oppose anything that allows "Johnny Foreigner" into the UK.
Due to Johnson's changes to May's withrawal deal, the border for the customs union will be in the Irish sea and people from NI will retain freedom of movement.
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Posted: Tue Apr 20, 2021 4:18pm
Very helpful member
Paul wrote on Tue Apr 20, 2021 4:13pm:
Spain haven't increased the amount needed, the change is we are now a third country, we made this change.
So it's always been 33000 per couple ,I dont think so ,your love of Spain is blinding you
John 52 wrote on Tue Apr 20, 2021 4:18pm:
So it's always been 33000 per couple ,I dont think so ,your love of Spain is blinding you
For 3rd country nationals yes, for EU nationals it's the same as before.
Paul wrote on Tue Apr 20, 2021 4:28pm:
For 3rd country nationals yes, for EU nationals it's the same as before.
Just to add I don't love Spain I love the weather, I love Britain and it beats Spain in almost everhthing but the weather but the blue skies do lift the spirits.
Paul wrote on Tue Apr 20, 2021 4:34pm:
Just to add I don't love Spain I love the weather, I love Britain and it beats Spain in almost everhthing but the weather but the blue skies do lift the spirits.
Maybe stay in the UK and get a sunbed, :) ?
*EDIT* I'm no fan of the EU but if you are living or considering living in Spain surely you have to have a little love for the country and it's people?
Posted: Tue Apr 20, 2021 5:05pm
Very helpful member
Lancelot wrote on Tue Apr 20, 2021 4:45pm:
Maybe stay in the UK and get a sunbed, :) ?
*EDIT* I'm no fan of the EU but if you are living or considering living in Spain surely you have to have a little love for the country and it's people?
The poster said they had bought as a holiday home ,with the aim of retiring to Spain approx 10 years later ,the fact is like many who have done same thing they dont meet criteria for residency ,we are the same regarding meeting the income ,now we are happy with 90/180 days for visit but fact income for residency has changed for the couple since they bought ,now the reason for that change in my.view is irrelevant its changed and that has made a major difference to their plans
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