We are planning to buy a property in Campo de Verde
What income would we need to live there
Taxes, food, entertainment
Could someone please give us a good average please
It would be greatly appreciated
We have been advised approx 1200 euros a month
What income would we need to live there
Taxes, food, entertainment
Could someone please give us a good average please
It would be greatly appreciated
We have been advised approx 1200 euros a month
It will really depend on what the Residency requirements are at the time you move here. At the moment it is €750 a month each but this can be reduced if you own your own home outright and/or have significant savings but post Brexit transition, worse case scenario, it could be €2,500 per month as a 3rd country national (assuming Brexit affects you).
If you qualify for residency, €1,200 a month should be perfectly adequate depending on your lifestyle choices and health.
Posted: Tue Dec 17, 2019 9:51am
Cheryl
Thanks for the reply
We are going to buy a property outright
Also will have considerable funds
But not sure what you mean with the 750 euro a month etc means
We would be living more Spanish than English
So Mediterranean diet etc.
We have been advised approx 1200 euros would be enough per month
Including all bills etc
Is this correct or a lot under
We do spend double this in Uk
Again thanks
But more info if possible
Posted: Tue Dec 17, 2019 9:55am
Ray
Thanks for reply
Replied to Cheryl as well
Not sure what the 750 euros a month is
We have been told 1200 euros a month should cover everyone
We are going to purchase outright
Also have considerable funds
But if possible
Cost to live here for taxes living etc
We will be living the Spanish lifestyle not eating as we do in the UK
More info would be grateful
Thanks again
Scroll down the RHS of the page until you find Jim's guides to living in Spain which have all the information you will need.
It is so difficult to guesstimate living expenses, running a small modern apartment is going to be so different from a large detached country property. If you live on an urbanization there will be community fees, you may use the air conditioning 24/7 and there will be heating costs in winter.....
The €750 per month each income into a Spanish bank account for 3 months is the basis for Residency applications. Owning a property outright, having significant savings and being covered for health costs under SIP can all reduce this monthly income requirement, Spain simply wants you to show that you will not become a burden on the state.
Everybody will be different but set your budget at any level and you will live better on it in Spain than in the UK.
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