help! moving to spain in feb 2017
Hello new member here. Coming to spain in feb 2017 to buy a property in s.e. spain. Wil be using my share of divorce to fund the move.
I am hoping to rent it as short term holidays lets and live in a one bed for periods that it is rented out. Then live there when it is not rented out. Any one see any problems with this? I am 50 now. Danny |
Re: help! moving to spain in feb 2017
You're planning to rent out as a holiday let while continuing to live in one bedroom, actually be there while it is rented? :unsure:
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Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106572)
Hello new member here. Coming to spain in feb 2017 to buy a property in s.e. spain. Wil be using my share of divorce to fund the move.
I am hoping to rent it as short term holidays lets and live in a one bed for periods that it is rented out. Then live there when it is not rented out. Any one see any problems with this? I am 50 now. Danny Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums. Please let me know if you need any further help. Rosemary |
Re: help! moving to spain in feb 2017
Yes, I will be renting out the whole property out whilst I stay else were (one bed with shared kitchen/lounge etc). I dont need a mortgage.
Danny |
Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106581)
Yes, I will be renting out the whole property out whilst I stay else were (one bed with shared kitchen/lounge etc). ....
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Re: help! moving to spain in feb 2017
Maybe I am not making it clear. Looking to buy 3 bed property walking distance to coast in S.E. spain with communal pool. Summer rentals upto 1800 euros and winter 1200 euros. Yes the WHOLE property will be put on short term let. This will give me more than enough to live on. When the property is rented out I will be living else were in a one bed propery with shared access to kitchen and lounge. When the property is not rented out I will be staying there. Hope this helps.
Danny |
Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106572)
Hello new member here. Coming to spain in feb 2017 to buy a property in s.e. spain. Wil be using my share of divorce to fund the move.
I am hoping to rent it as short term holidays lets and live in a one bed for periods that it is rented out. Then live there when it is not rented out. Any one see any problems with this? I am 50 now. Danny Costa del Sol demand shifting to long term rentals as uncertainity about Brexit and weak sterling mean people being more cautious / waiting to see what happens. Short term rentals also complicated by local legislation on holiday lets, long list of requirements not least of which is pressure from Spanish taxman. I imagine other regions same thing happening. |
Re: help! moving to spain in feb 2017
Can you guarantee that you'll get enough bookings to pay all your expenses?
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Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106592)
Maybe I am not making it clear. Looking to buy 3 bed property walking distance to coast in S.E. spain with communal pool. Summer rentals upto 1800 euros and winter 1200 euros. Yes the WHOLE property will be put on short term let. This will give me more than enough to live on. When the property is rented out I will be living else were in a one bed property with shared access to kitchen and lounge. ....
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Re: help! moving to spain in feb 2017
I think she/he is renting elsewhere while renting out THE property but only has access to shared facilities apart from a bedroom? I could be wrong-frequently am.
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Re: help! moving to spain in feb 2017
Yes. Yes have seen bookings taken for exactly similar property on same development. Look on homeaway.com or airbnb.com
Any way my question is does anyone see a problem with this? Dont want to apply for residency just yet. Will I have to declare rental? |
Re: help! moving to spain in feb 2017
Let me try to make this clear - the property I am buying (only buying ONE) will be rented as a WHOLE short term holiday let property.
The OTHER I will NOT own - I will only BEING pay rent for a one bed with shared access to kitchen and lounge. Confusing my self now lol! |
Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106612)
Let me try to make this clear - the property I am buying (only buying ONE) will be rented as a WHOLE short term holiday let property.
The OTHER I will NOT own - I will only BEING pay rent for a one bed with shared access to kitchen and lounge. .... To which kitchen and lounge? .... The ones in the "whole property"? |
Re: help! moving to spain in feb 2017
Originally Posted by Pulaski
(Post 12106618)
I thought I understood, until you posted this clarification. :lol:
To which kitchen and lounge? .... The ones in the "whole property"? |
Re: help! moving to spain in feb 2017
Originally Posted by dhillon
(Post 12106605)
Yes. Yes have seen bookings taken for exactly similar property on same development. Look on homeaway.com or airbnb.com
Any way my question is does anyone see a problem with this? Dont want to apply for residency just yet. Will I have to declare rental? |
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