annual minimum income to live in spain
Apr 27th 2007, 3:34 pm
#1
Just Joined
Thread Starter
Joined: Apr 2007
Posts: 2
annual minimum income to live in spain
we are planning to buy a property to first of all let out and enjoy for holidays and on reaching pensionable age retire to spain but i have recently read on spainexpat.com that in addition to your pension you have to provide proof of an annual income of $10000,can anyone advise me if this is correct?surely if we own our home and have a uk goverment pension that is enough?
Apr 27th 2007, 3:54 pm
#2
Structural Surveyor
Joined: Mar 2006
Location: Sevilla/Cordoba border
Posts: 1,048
Re: annual minimum income to live in spain
I think you're reading very out of date info or info relating to non EU citizens (the sum you quote is in dollars). You are UK citizens?
Apr 27th 2007, 4:13 pm
#3
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,205
Re: annual minimum income to live in spain
we are planning to buy a property to first of all let out and enjoy for holidays and on reaching pensionable age retire to spain but i have recently read on spainexpat.com that in addition to your pension you have to provide proof of an annual income of $10000,can anyone advise me if this is correct?surely if we own our home and have a uk goverment pension that is enough?
Apr 27th 2007, 4:14 pm
#4
Rob in Madrid
Joined: Feb 2006
Location: Madrid
Posts: 267
Re: annual minimum income to live in spain
you can live here for free if don't mind sleeping on the street
Apr 27th 2007, 4:27 pm
#5
Drunken Monkey
Joined: Mar 2006
Location: Playa Flamenca
Posts: 906
Re: annual minimum income to live in spain
You would need 20k euro per year to live minimum per person.
Apr 27th 2007, 4:31 pm
#6
Forum Regular
Joined: Mar 2007
Location: Axarquia
Posts: 273
Re: annual minimum income to live in spain
Apr 27th 2007, 4:33 pm
#7
Drunken Monkey
Joined: Mar 2006
Location: Playa Flamenca
Posts: 906
Re: annual minimum income to live in spain
Then again I am including cost of rent 
Apr 27th 2007, 4:42 pm
#8
Just Joined
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Joined: Apr 2007
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Re: annual minimum income to live in spain
Apr 27th 2007, 5:02 pm
#9
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: annual minimum income to live in spain
Two of us around 14 to 15,000 euros inc rent, elec, gas, water, food.
Apr 27th 2007, 7:19 pm
#10
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: annual minimum income to live in spain
Wow ..... 20k euros a year each???????
I think you will find the general agreement is that a retired couple can live quite comfortably over here without a mortgage for around 12000 euros a year.
I know since we moved here we have been averaging 1000 euros a month. We go out to eat, drink etc etc. If I budgeted 20k each we'd be living like millionaires
Apr 27th 2007, 7:40 pm
#11
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: annual minimum income to live in spain
Wow ..... 20k euros a year each???????
I think you will find the general agreement is that a retired couple can live quite comfortably over here without a mortgage for around 12000 euros a year.
I know since we moved here we have been averaging 1000 euros a month. We go out to eat, drink etc etc. If I budgeted 20k each we'd be living like millionaires
I think you will find the general agreement is that a retired couple can live quite comfortably over here without a mortgage for around 12000 euros a year.
I know since we moved here we have been averaging 1000 euros a month. We go out to eat, drink etc etc. If I budgeted 20k each we'd be living like millionaires
Apr 27th 2007, 9:37 pm
#13
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,205
Re: annual minimum income to live in spain
Apr 27th 2007, 9:38 pm
#14
Banned
Joined: Feb 2007
Location: Hoping to get away from UK to Spain
Posts: 1,826
Re: annual minimum income to live in spain
2 people 40k 3 people 60k Rubbish ... Unless you rent a penthouse suite and have a rented Merc and a cabin cruiser..
i calculated about 10k - 15k if you had rents this was based on reading around the site ..
trust jdr and Mitzy they sound right to me
Apr 28th 2007, 12:11 am
#15
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: annual minimum income to live in spain
We live mainly on my husband's Teachers Pension of around £7.5k (10.5k euros) p.a for the two of us. We pay no rent or mortgage.
Some large expenses have to come from savings, but other than that we can live on his pension.
We have one car and no expensive TV or Broadband.
Some large expenses have to come from savings, but other than that we can live on his pension.
We have one car and no expensive TV or Broadband.