brixtonbiker

Hello everyone,

I am thinking of moving from London to Ibiza in Spring 2015.

I currently own an apartment in Ibiza and have been visiting the island for a number of years. I think now is the time to make a permanent move to the island

My plan is to sell my London home and buy a house in Ibiza with the south west of the Island my preferred location.

The house I am looking to buy will have a separate apartment attached for letting purposes.

The plan is to have two apartments for letting over the summer (South West of the island)

I think I would need to earn about euro 15-25k a year to live on.

Would the holiday lets in the summer provide this ?

I was told by the estate agent that I can get about Euro 500 per week for each apartment. How long realistically is the rental season?

I am an IT technician so I thought is could eventually pick up some contract or part time work as well.

My aim is to speak fluent Spanish within a year and I will be able support myself financially for about 3 years until the holiday lets is established.

Does this sound realistic? Any advice would be appreciated.

BB

Moses2013

It's hard to say, but if you're mortgage free that's a big plus. I wouldn't rely on rental alone and learning Spanish in a year might be too optimistic. Being in IT is a big benefit and during summer there's plenty of bar work, but would you be happy doing it?

brixtonbiker

Thanks for the quick reply,

Yes I would be mortgage free and I would be happy doing bar work.

Yes I am been a bit optimistic about learning Spanish...So maybe two years!

Moses2013

I don't see a problem then and it's definitely an option. Worst case scenario: If money runs out, you could still work abroad temporarily with your profession.

Rosemary

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

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

stuboy

If you're mortgage free and have 2 holiday lets plus willing to turn your hand to anything then you don't seem to have a lot to lose.

You may want to consider renting your London home and renting initially in Ibiza. You'll soon find out if permanent living is your thing.

Albir_Tom

Hi, if those apartments are in the San An or Playa d'en bossa areas and are mortgage free then you are quids in in the season months which is now getting longer mid may to mid October. How many bedrooms are each apartment ? If I was you I would leave them both in the capable hands of an English property management company, there are plenty in Ibiza. Workers would rent those straight away for the season but be prepared for some sort of damage along the way. :-)