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Hoping to move to torrevieja

Posted: Thu Feb 13, 2020 10:35pm
2 replies106 views4 members subscribed
Arrendar

Posts: 1

Location: Torrevieja

Hi all I new to the forum. Me and my wife are looking to move to Torrevieja in the next 12-18 months and wondered what we would need to do as far as residency and the day to day running costs if we bought a home or what would be included if we rented? 

Movingon

Movingon

Very helpful member

Thu Feb 13, 2020 10:51pm

Posts: 1102

Location: Albatera

729 helpful posts

Posted: Thu Feb 13, 2020 10:51pm

You do realise that if you move after Dec 31st then you will be treated like any other 3rd country immigrant meaning that the income requirements go up to €2,130/mth and €532 for a second applicant.

You will also have to take a Spanish driving test if you want to drive, you will not be able to exchange a UK licence.

Alternatively if you happen to have a spare €500,000 laying about to buy a property with that will get you a 'golden visa' which is tantamount to instant Spanish citizenship for you and yours! 

RayD

RayD

Legendary helpful member

Fri Feb 14, 2020 11:58am

Posts: 4423

Location: Catral

3300 helpful posts

Posted: Fri Feb 14, 2020 11:58am

Although the status of those of us who are already resident is a bit up in the air at the moment, Movingon's advice about 31st December is accurate.

There are quite a few brits who have brought their move to Spain forward in order to beat the December deadline and, as things stand, residence appointments are easy to get.

Before January next year you need an income of around 700€ per month as you are still classed as EU citizens until then.

If you are retired and receiving a UK state pension, you can get free state health care by using your S1 form from the UK. Otherwise you will need to pay for private health insurance for the first year at least.

The cost of living is significantly cheaper in Spain, unless you can't do without english products, which cost a fortune here. The Spanish equivalents are cheap but some like to keep their old brands.

Running a car is cheaper, although a second hand car is more expensive. New cars are about the same. Car tax between 15€ and 60€ depending on emissions.

Electricity is about the same cost as the UK, but you do tend to use more in the summer for aircon units and cooking.

Standing charges for electricity and water can take up a lot of your bill if you don't stay here permanently.

IBI (council tax) is a fraction of what you would pay in the UK, between 150€ and 350€ a year depending on the property size.

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