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-   -   Is it a bad time to make the move (https://britishexpats.com/forum/spain-75/bad-time-make-move-787877/)

Liznat1811 Feb 18th 2013 9:14 pm

Is it a bad time to make the move
 
Morning all. I have seen on the news (as has everyone) that Spain is in economic crisis. My partner and i had planned to move out to Estepona with our daughter. However the economy has made us wary. The plan was we would rent out our property here and rent over there. My husband reckons we wont find work out in Gibraltar (where we want to work) unless we are based over there but i am dubious of going out without a job to go to.
Any advice would be greatly appreciated?

Thanks :)

Fredbargate Feb 18th 2013 9:31 pm

Re: Is it a bad time to make the move
 
Come over for a holiday and see / test the situation first hand

cricketman Feb 18th 2013 9:35 pm

Re: Is it a bad time to make the move
 

Originally Posted by Liznat1811 (Post 10554139)
Morning all. I have seen on the news (as has everyone) that Spain is in economic crisis. My partner and i had planned to move out to Estepona with our daughter. However the economy has made us wary. The plan was we would rent out our property here and rent over there. My husband reckons we wont find work out in Gibraltar (where we want to work) unless we are based over there but i am dubious of going out without a job to go to.
Any advice would be greatly appreciated?

Thanks :)

Gibraltar isnt Spain and as far as I know the job situation there has nothing to do with Spain either

The better news is that things have gotten a lot cheaper in that part of Spain over the last few years, especially rents which are at almost half the price of a few years ago

Liznat1811 Feb 18th 2013 9:35 pm

Re: Is it a bad time to make the move
 
We did this last September and aside from daughter being accident prone and ending up in Gib A&E we all loved it. Infact since then my daugther has asked when we can go back but we cant really make a decision based on a 3 yrs olds wishes.
I am looking at flights to come over in a couple of weeks and hoping to stay with our friend.

steviedeluxe Feb 18th 2013 9:36 pm

Re: Is it a bad time to make the move
 

Originally Posted by Fredbargate (Post 10554169)
Come over for a holiday and see / test the situation first hand

Good advice.
If you can get work, whether in Gib or even in Spain, it must be one of the best times to make the move - rents are supposed to be very good value at the moment. Plus the buyers have the upper hand in the market, but as many advise here, best to rent and get the lay of the land first.

Liznat1811 Feb 18th 2013 9:37 pm

Re: Is it a bad time to make the move
 

Originally Posted by cricketman (Post 10554177)
Gibraltar isnt Spain and as far as I know the job situation there has nothing to do with Spain either

The better news is that things have gotten a lot cheaper in that part of Spain over the last few years, especially rents which are at almost half the price of a few years ago

We were looking at Gib for work due to the fact its not spanish. We have looked at rents over in Estepona and would easily cover rent, utilities and food with the rent we get from our place here. I guess i am just one of those stupid people who always worries about what other people think etc

Sausages Feb 18th 2013 9:38 pm

Re: Is it a bad time to make the move
 
If you need to work, then getting work might be a problem. There is really no point at all moving out with no job to go to. In any case, I might be wrong, but new rules mean that if you don't have an income of some description, you would struggle to legally become resident and get all the paperwork you need to become resident. But there are people with much more knowledge than me on this.

Liznat1811 Feb 18th 2013 9:38 pm

Re: Is it a bad time to make the move
 

Originally Posted by steviedeluxe (Post 10554179)
Good advice.
If you can get work, whether in Gib or even in Spain, it must be one of the best times to make the move - rents are supposed to be very good value at the moment. Plus the buyers have the upper hand in the market, but as many advise here, best to rent and get the lay of the land first.

I am DEF renting - too much of a chicken to buy out there. My husband if he had his way would fly out tomorrow with us in tow and not look back lol

Fredbargate Feb 18th 2013 9:39 pm

Re: Is it a bad time to make the move
 
cricketman would you like to rephrase your post ;)

cricketman Feb 18th 2013 9:42 pm

Re: Is it a bad time to make the move
 

Originally Posted by Fredbargate (Post 10554192)
cricketman would you like to rephrase your post ;)

"In that part of Spain"... I was referring to Estepona, not Gibraltar! :D

mikelincs Feb 18th 2013 9:51 pm

Re: Is it a bad time to make the move
 

Originally Posted by Liznat1811 (Post 10554189)
I am DEF renting - too much of a chicken to buy out there. My husband if he had his way would fly out tomorrow with us in tow and not look back lol

Also remember that you would have to have healthcare sorted out as well, if the work was in Gib, then you wouldn't qualify for Spanish healthcare and would have to make arrangements for private cover. Living in Spain you would be taxed in Spain on all your worldwide earnings, including UK rent. With the faact that the worldwide ecconomy is struggling, then I would suspect that Gib is in the same situation, if Germany can announce they are having problems, then anywhere will have them.

Fredbargate Feb 18th 2013 9:53 pm

Re: Is it a bad time to make the move
 
Liznat1811 when looking at accommodation you also need to factor in other costs / problems.
Gibraltar is in general more expensive and the housing less attractive, but you will save a fortune on traveling expenses.
Schooling for your daughter?
Traveling time leaves less family time.
Language is much easier.

etc. etc.

Just read mikelincs post so tax and healthcare easier in Gib if resident there.

Liznat1811 Feb 18th 2013 9:54 pm

Re: Is it a bad time to make the move
 

Originally Posted by mikelincs (Post 10554219)
Also remember that you would have to have healthcare sorted out as well, if the work was in Gib, then you wouldn't qualify for Spanish healthcare and would have to make arrangements for private cover. Living in Spain you would be taxed in Spain on all your worldwide earnings, including UK rent. With the faact that the worldwide ecconomy is struggling, then I would suspect that Gib is in the same situation, if Germany can announce they are having problems, then anywhere will have them.

This is all very true. When i have spoken to my friend she made it sound soo easy!

Liznat1811 Feb 18th 2013 9:55 pm

Re: Is it a bad time to make the move
 

Originally Posted by Fredbargate (Post 10554224)
Liznat1811 when looking at accommodation you also need to factor in other costs / problems.
Gibraltar is in general more expensive and the housing less attractive, but you will save a fortune on traveling expenses.
Schooling for your daughter?
Traveling time leaves less family time.
Language is much easier.

etc. etc.

This is true also! We did contemplate Gib to live as well but both said we couldnt actually live in Gibraltar.

Fredbargate Feb 18th 2013 9:58 pm

Re: Is it a bad time to make the move
 

Originally Posted by Liznat1811 (Post 10554232)
This is true also! We did contemplate Gib to live as well but both said we couldnt actually live in Gibraltar.

A lot of people live in Gib Monday to Friday and leave for their freetime


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