Quote:
Originally Posted by Sid70
Do you mind my asking was it hard to get a residence permit? I assume it's based on running a company. Do they have income requirements ?
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you need no special requirements as long as you run a business or bring in an income, accountable, then residency and becoming a Spanish citizen is not a problem.
With regards to business, here in Spain compared to the UK, there´s business rates you need to pay, then taxes on top. Where in the UK, you can run a partnership business for free, no tax, until you reach tax levels. Also, the Spanish expect a tax account quarterly and not yearly, so accountants, which are needed, unlike in the UK, you can do your own.
Therefore, it can work out a little more expensive, if your business wasn´t making much income, it would be difficult to set up or harder than in the UK. We´re ok, our live cam and websites, dvd income and content income is a decent income to give us a great living here. We are lucky, I suppose, working for each other is a huge benefit
Quote:
Originally Posted by HomerSimpson
In what city/area do you live?
How much is the cost to rent an decent (100m2) apartment/house?
How much is the price of real estate in Spain?
thanks!
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we live on the costa blanca, the east coast, near La Manga, Murcia, it simply is the most perfect area in Spain. Many places vary in price, although, on average, a decent size apartment costs on average 400€ a month, purchase of about 80k€. 2 or 3 beds. A home, a 3 bed home is about 600€ to rent and purchase 250k€. then obviously you can upgrade to a lovely huge 5 bed home on the shore, looking over the med, swimming pool, gym, 3 car garage, on suite and huge kitchen with several other rooms for just under 800k€. This kind of home would be inline with something of about 2million in Britain.
I hear Spain is not doing ok, but I can say from what I see with my own eyes, just in our area alone, we´re on a top of a hill looking over the sea and 20mile radius, there´s building going on all the times, 20 to 30 cranes in areas miles away and over the views...
I´d say Spain´s honestly thriving, or at least in the area we live, Alicante & south.
Good luck with any ideas of purchasing a home for your retirement or for holidays and rental