Spain will scrap reduced IVA on food this summer
#17
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Re: Spain will scrap reduced IVA on food this summer
I arrived here in 2000 and I remember everything did indeed seem cheap - including property (only 4% purchase tax) and food, meals out, petrol etc but there has been a lot of water under the bridge since then including global financial meltdowns including the pound: euro exchange rate etc etc.
Obviously, we all speak as we find and compare to past/current experiences. My father (who liked Spain) predicted that I would 'lose my shirt' and in terms of capital wealth (ie property values) he was right - my ex-UK house is worth probably 4 times what I sold it for (according to Zoopla) but my Spanish property assets have not and will not increase at that rate but I don't care for me it is about quality of life and when (like yesterday) I walk along the Alicante paseo or like last week in the Alicante mountains I am glad I am living here.
The hard facts are here https://www.numbeo.com/cost-of-livin...023®ion=150
Thanks to all contributors to this thread.
Obviously, we all speak as we find and compare to past/current experiences. My father (who liked Spain) predicted that I would 'lose my shirt' and in terms of capital wealth (ie property values) he was right - my ex-UK house is worth probably 4 times what I sold it for (according to Zoopla) but my Spanish property assets have not and will not increase at that rate but I don't care for me it is about quality of life and when (like yesterday) I walk along the Alicante paseo or like last week in the Alicante mountains I am glad I am living here.
The hard facts are here https://www.numbeo.com/cost-of-livin...023®ion=150
Thanks to all contributors to this thread.
But yes, tax or no tax it is quality of life which matters most. I don't think I could stand the climate in England now. During my visit last month it was cold and windy every single day and rained on 4 out of the 6 days, I find it really depressing and know I wouldn't be able to spend nearly as much time outside as I do here. As far as I am concerned, the climate here (at least where I live) is pleasant or at least tolerable for 9 months of the year and can get uncomfortably hot sometimes (not every day) during the other 3 months. In England it would be the other way round, and I know I spend less on utilities now than I was doing 17 years ago, mainly because we need heating for far less of the year than we did there - I always remember having to put the central heating on in August the year we left.
#18
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Joined: Jun 2011
Posts: 1,171
Re: Spain will scrap reduced IVA on food this summer
In other news Mercadona's profits rose 40%. Some price rises are unavoidable as your suppliers have raised their prices but other price rises... are clearly avoidable.
#19
Re: Spain will scrap reduced IVA on food this summer
I think you will find that food is going to get much dearer in the UK, and it already seems like consignments of food are being waved through at customs with NO checks as to what they are or even where from, so there is grave suspicion that we will be getting inferior quality, and even the possibility that foodstuffs that should be banned will get in.
#20
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Joined: Jun 2017
Location: Alicante
Posts: 934
Re: Spain will scrap reduced IVA on food this summer
Let's not lose sight of the fact that over the past 3 years the basic UK state pension has increased by just under 22% and more for those who have additional components such as graduated pension and/or SERPS which have also risen, albeit not as part of the triple lock.
My own has gone up closer to 25%
My own has gone up closer to 25%
#21
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Joined: Feb 2008
Posts: 5,648
Re: Spain will scrap reduced IVA on food this summer
Let's not lose sight of the fact that over the past 3 years the basic UK state pension has increased by just under 22% and more for those who have additional components such as graduated pension and/or SERPS which have also risen, albeit not as part of the triple lock.
My own has gone up closer to 25%
My own has gone up closer to 25%
#22
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Joined: Feb 2008
Posts: 5,648
Re: Spain will scrap reduced IVA on food this summer
Having just spent 10 days back in the UK this is what I found re shopping and prices . We were in the North East so not an expensive area to live. I would say that generally speaking shopping in main stream supermarkets prices were pretty similar to Spain in say Mercadona for general food items. There were some differences but generally not too different. What is expensive is alcohol in particular wine. However if one goes to Lidl in UK prices are certainly better including the wine again same applies in Spain. Eating out be it cafes or restaurants in UK is way more expensive in UK than Spain. Not surprisingly Wetherspoons was busy and way more affordable. One thing that surprised me was salad vegetables seemed to me to be much tastier than those bought on Spanish supermarkets. I say surprisingly as I used to find it the other way round. One area where I noticed shopping was very expensive in UK was small independent fruit and vegetable shops. They had beautiful looking fruit and veg but expensive a pound of jersey royal potatoes £5.50, a small punnet of lovely looking strawberries £5.20!
Petrol was £1.46 a litre so poss slightly cheaper at current exchange rate diesel was £1.56 a litre so more expensive than Spain.
That was my experience .
Petrol was £1.46 a litre so poss slightly cheaper at current exchange rate diesel was £1.56 a litre so more expensive than Spain.
That was my experience .
#23
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Joined: Aug 2018
Posts: 323
Re: Spain will scrap reduced IVA on food this summer
Having just spent 10 days back in the UK this is what I found re shopping and prices . We were in the North East so not an expensive area to live. I would say that generally speaking shopping in main stream supermarkets prices were pretty similar to Spain in say Mercadona for general food items. There were some differences but generally not too different. What is expensive is alcohol in particular wine. However if one goes to Lidl in UK prices are certainly better including the wine again same applies in Spain. Eating out be it cafes or restaurants in UK is way more expensive in UK than Spain. Not surprisingly Wetherspoons was busy and way more affordable. One thing that surprised me was salad vegetables seemed to me to be much tastier than those bought on Spanish supermarkets. I say surprisingly as I used to find it the other way round. One area where I noticed shopping was very expensive in UK was small independent fruit and vegetable shops. They had beautiful looking fruit and veg but expensive a pound of jersey royal potatoes £5.50, a small punnet of lovely looking strawberries £5.20!
Petrol was £1.46 a litre so poss slightly cheaper at current exchange rate diesel was £1.56 a litre so more expensive than Spain.
That was my experience .
Petrol was £1.46 a litre so poss slightly cheaper at current exchange rate diesel was £1.56 a litre so more expensive than Spain.
That was my experience .
Retired folk have it easier and can enjoy aspects like the weather more although I think that might eventually come at a cost of not being near close family and friends. I do feel that as you approach the later years that health issues and possible isolation could make Spain hard for some people. So like everything in life it is never really a simple black or white but middling grey
#24
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Re: Spain will scrap reduced IVA on food this summer
Yes everyone's situation is different. House prices are very high in the UK and amount of new builds is very high. Thing is they are not social housing other than a few compulsory social houses on estates of very big grand houses. Being retired I am still of the view that my pension goes further living in Spain, that is probably due to high cost of council tax and essential utilities in the UK. It's horses for courses as they say.
#25
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Re: Spain will scrap reduced IVA on food this summer
Yes everyone's situation is different. House prices are very high in the UK and amount of new builds is very high. Thing is they are not social housing other than a few compulsory social houses on estates of very big grand houses. Being retired I am still of the view that my pension goes further living in Spain, that is probably due to high cost of council tax and essential utilities in the UK. It's horses for courses as they say.
Last edited by Rosemary; May 14th 2024 at 9:18 am. Reason: corrected quote
#26
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Re: Spain will scrap reduced IVA on food this summer
Yes it is true council tax is high in UK compared to IBI but if you live in an apartment and you have a pool and a good responsible community you can easily pay 600€ or more a year - so it isn't as though you have no extra costs in Spain. I do think however that housing will change in Spain as the problem for the younger generation is that it is getting so bad that the government will be forced to bring in measures of some sort soon.
#27
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Joined: Aug 2006
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Re: Spain will scrap reduced IVA on food this summer
Yes it is true council tax is high in UK compared to IBI but if you live in an apartment and you have a pool and a good responsible community you can easily pay 600€ or more a year - so it isn't as though you have no extra costs in Spain. I do think however that housing will change in Spain as the problem for the younger generation is that it is getting so bad that the government will be forced to bring in measures of some sort soon.
Last edited by Lynn R; May 14th 2024 at 12:08 pm.
#28
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Joined: Jun 2011
Posts: 1,171
Re: Spain will scrap reduced IVA on food this summer
Central Government has already set up the legal framework so regions can declare areas as "stressed" areas and hold down rent. To date only Catalonia has done this.
If you're in a PP/Vox coalition region then it's best not hold your breath while waiting for something to be done.
If you're in a PP/Vox coalition region then it's best not hold your breath while waiting for something to be done.
#29
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Joined: Dec 2020
Posts: 713
Re: Spain will scrap reduced IVA on food this summer
My point is when I first came to Spain it was ridiculously cheap. I was iny 30s and could easily find work and the pesata went a long way. It got a bit more expensive when the took up the euro. Then the 2007 crisis sent them crashing. But since then Tax has risen and continues to rise. Wealthy international investors are behind the demand for luxury real estate and this is pushing up prices along with short term rentals. Yes, we still have nice weather - but last summer was unbearable. However there is no way I want to be alone and old in Spain and therefore I need to remain connected with UK for when that time arises.