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Is my move realistic?

Is my move realistic?

Old Jan 25th 2021, 9:09 am
  #31  
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Default 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.
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Old Jan 25th 2021, 7:46 pm
  #32  
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Default 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.
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Old Jan 25th 2021, 9:40 pm
  #33  
 
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Default Re: Is my move realistic?

Originally Posted by spainrico
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.
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Old Jan 25th 2021, 10:11 pm
  #34  
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Default Re: Is my move realistic?

Originally Posted by spainrico
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.
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.
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Old Jan 25th 2021, 10:40 pm
  #35  
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Default Re: Is my move realistic?

Thanks, Fred - a good point which I forgot to mention.
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Old Feb 1st 2021, 1:16 am
  #36  
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Default 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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