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-   -   Is my move realistic? (https://britishexpats.com/forum/spain-75/my-move-realistic-936737/)

jonboy Jan 25th 2021 9:09 am

Re: Is my move realistic?
 
@Barriej
Nice place.
On the subject of insurance, if your plumbing springs a leak and floods your downstairs neighbour or an item is blown off your balcony and lands on a local it can be really expensive. I suggest you get some indemnity for third party injuries. The Community Insurance most likely does not cover these things. Mine certainly did not.

spainrico Jan 25th 2021 7:46 pm

Re: Is my move realistic?
 
I think a lot of people get confused about community insurance and fail to understand that it does not cover the possible risks for which you are responsible - plumbing issues causing problems in flats beneath you is quite common in my experience of flat living. So I would recommend taking out a policy should be around 2-3€ a week.

It is also tax deductible if you rent a flat out to a long term tenant.

Fred James Jan 25th 2021 9:40 pm

Re: Is my move realistic?
 

Originally Posted by spainrico (Post 12964452)
It is also tax deductible if you rent a flat out to a long term tenant.

Remember that as a consequence of Brexit, no deductions from rental income are allowed to non EU owners.

missile Jan 25th 2021 10:11 pm

Re: Is my move realistic?
 

Originally Posted by spainrico (Post 12964452)
I think a lot of people get confused about community insurance and fail to understand that it does not cover the possible risks for which you are responsible - plumbing issues causing problems in flats beneath you is quite common in my experience of flat living. So I would recommend taking out a policy should be around 2-3€ a week.

It is also tax deductible if you rent a flat out to a long term tenant.

:goodpost: I own a flat in the UK. A tenant in the neighbouring block caused a water leak and the bill for consequential damage to the properties below was £52,000.

spainrico Jan 25th 2021 10:40 pm

Re: Is my move realistic?
 
Thanks, Fred - a good point which I forgot to mention.

Chatsworth25 Feb 1st 2021 1:16 am

Re: Is my move realistic?
 
depends very much on your lifestyle. and where you live (the same as UK)
if you eat out a lot and your outgoings are high then the amount of money required will reflect this
perhaps make a list of all key expenditures ie car,tv etc
on the eating side i find 50% of UK and more taste and locally sourced


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