Those pros are exactly why I have a house in Mexico! Always have a place to stay, and the longer you stay there the more established your community and presence grows. I have an amazing community in my neighborhood, and I frequently take things from the US to Mexico whenever I travel (coffee maker, pots/pans, blankets/sheets, etc.) to make my home mine. That is something that no airbnb can top! I hope you're able to do the same!
For me, I would have to rent first, because there are so many wonderful places in Spain, I can not make up my mind as to the best place! I have visited 3 times this last year, going all over Spain and I get more confused after each visit! I admire you for making a decision and then taking it from there!
I would generally recommend renting in any place for a while before buying. It's not what I did, but it's probably a safer bet. 😅 What three places did you visit?
@@traveltomoney I went everywhere except the Bilbao area! I loved Valencia and the area south of Barcelona ( Tarragona and Sitges), but every place I visited had great points.. Seville, Alicante, Malaga, Madrid, Girona, Granada, Cordova!
I’ve watched your other videos about buying other homes at even better prices. Very insightful and loved to hear the numbers! Now I’m really curious about the street. Can you make another video about your community?
My plan for next year is to explore Alicante and all around, lovely town of Altea I heard is amazing. I want to ask if is possible to get a property with a hotel chain and you can avail of it in different place? Your Chanel is really great just discovered 😍👏
We were led to believe that even if you didn't rent out your home the local counsel would expect you to pay tax as if you had rented it out. If this is not correct, it would go a long way to making our dream of a home in Spain closer to a reality. Thank you for the channel, and this video.
I think being an EU citizen has huge advantages when it comes to buying a house in another EU country. Mainly being able to stay as long as you want to. Another advantage of Spain is the weather. Northern Europe is very dark cold and gloomy in the winter.
What about squatter’s rights? I’ve heard many horror stories of someone moving into your house while you’re not there and it’s an absolute nightmare trying to get them out….I have to say this is probably one of the biggest obstacles for me so would appreciate your thoughts on this.
Great video, thank you. There is a common misunderstanding that EU citizens can stay in certain EU countries such as Spain for as long as they want. This is not the case, they can only do so for three months, then they must acquire residency if they want to stay longer. Yes, Spain is wonderful but very bureaucratic. Another thing to be careful of when purchasing is that debt often stays with the property rather than names, particularly pertaining to utility bills which are more difficult to be tracked.
Minor clarification. EU citizens have to register with the local authorities if they are staying longer than three months. They don't have to acquire residency and get approval in the same involved way that third country nationals must. It is a much easier process for EU citizens to simply register as residents.
Good advice! Someone I know was doing some work to an interior, and the local inspector just happened to be walking by. They had to stop all work to get everything sorted. I don't think that normally happens, though.
I saw this other video (below) that says "if you purchase residence of any kind then that will make you a tax resident no matter how long you live in the country". This sounds like if I am a non-citizen in Spain and even when I live in Spain less than 183 days a year, as soon as I buy a property there I have to pay tax on my worldwide income and possibly also a wealth tax. Is this correct? ua-cam.com/video/z8524CfksFI/v-deo.html
That is so absolutely incorrect! There are a lot more convoluted rules about what makes one a tax resident, and it is not just the 183 day rule. But just buying a residence in Spain does NOT automatically make you a tax resident, of that I am certain! Tax residency is based more on where is the center of your life. You would be wise to consult with a tax advisor for your personal circumstances. For instance, both France and Spain will argue if you spent one day more in their countries than in any other country, that makes you a tax resident even if you fell well under 183 days. Where are your kids enrolled in school? Where does your spouse live? From where do you control your business interests? The rules can be complicated and Spain knows how to work them to their own advantage better than most, as Shakira can attest!
I apply Portugal job seeker visa, i m so happy & excited want to go Europe, i m from India, now i living in UAE Abu Dhabi, when i go Portugal then help me 🙏
Those pros are exactly why I have a house in Mexico! Always have a place to stay, and the longer you stay there the more established your community and presence grows. I have an amazing community in my neighborhood, and I frequently take things from the US to Mexico whenever I travel (coffee maker, pots/pans, blankets/sheets, etc.) to make my home mine. That is something that no airbnb can top! I hope you're able to do the same!
That's really great! What part of Mexico are you in?
@@traveltomoney I am in Queretaro, in central Mexico! I have a home in San Juan Del Rio, its about 35 minutes from the capital!
For me, I would have to rent first, because there are so many wonderful places in Spain, I can not make up my mind as to the best place! I have visited 3 times this last year, going all over Spain and I get more confused after each visit! I admire you for making a decision and then taking it from there!
I would generally recommend renting in any place for a while before buying. It's not what I did, but it's probably a safer bet. 😅 What three places did you visit?
@@traveltomoney I went everywhere except the Bilbao area! I loved Valencia and the area south of Barcelona ( Tarragona and Sitges), but every place I visited had great points.. Seville, Alicante, Malaga, Madrid, Girona, Granada, Cordova!
I’ve watched your other videos about buying other homes at even better prices. Very insightful and loved to hear the numbers! Now I’m really curious about the street. Can you make another video about your community?
I am her just to learn English Thank you mis for this Information.
My plan for next year is to explore Alicante and all around, lovely town of Altea I heard is amazing. I want to ask if is possible to get a property with a hotel chain and you can avail of it in different place?
Your Chanel is really great just discovered 😍👏
We were led to believe that even if you didn't rent out your home the local counsel would expect you to pay tax as if you had rented it out. If this is not correct, it would go a long way to making our dream of a home in Spain closer to a reality. Thank you for the channel, and this video.
Hi there! I've never had to pay a tax like that unless I was actually renting the property. I hope that helps!
I think being an EU citizen has huge advantages when it comes to buying a house in another EU country. Mainly being able to stay as long as you want to. Another advantage of Spain is the weather. Northern Europe is very dark cold and gloomy in the winter.
So true! Thanks for sharing! 🙂
What about squatter’s rights? I’ve heard many horror stories of someone moving into your house while you’re not there and it’s an absolute nightmare trying to get them out….I have to say this is probably one of the biggest obstacles for me so would appreciate your thoughts on this.
Hi there! I actually made a video about that topic not long ago. Here's the link: ua-cam.com/video/p3CE4tL7M9Q/v-deo.html
Great video, thank you. There is a common misunderstanding that EU citizens can stay in certain EU countries such as Spain for as long as they want. This is not the case, they can only do so for three months, then they must acquire residency if they want to stay longer. Yes, Spain is wonderful but very bureaucratic. Another thing to be careful of when purchasing is that debt often stays with the property rather than names, particularly pertaining to utility bills which are more difficult to be tracked.
Awesome info! Thank you!
Minor clarification. EU citizens have to register with the local authorities if they are staying longer than three months. They don't have to acquire residency and get approval in the same involved way that third country nationals must. It is a much easier process for EU citizens to simply register as residents.
Oh,i never get permits for interior work. I do get permits for exterior work. I use professionals for all the repairs and updates.
Good advice! Someone I know was doing some work to an interior, and the local inspector just happened to be walking by. They had to stop all work to get everything sorted. I don't think that normally happens, though.
My worry is resale. There seem to be ALOT of homes for sale in Spain.
Yeah, just depends on the area.
We are beginning to look at in 5 yrs moving to Spain. Just didn’t realize you could only stay for 3 months
Yeah, it can be a bummer if you want to stay longer. There are definitely visa options available, but becoming a resident isn't best for everyone.
U can enter morocco for a few days it just 40 min in the fairy then back to spain for another 3 months.
I will follow you
Thank you!
My friends want to move to Europe and start a small commune together. Thinking either Spain or Portugal.
Both great options!
Do I understand correctly, you purchased an apartement in Spain for only 20.000.-€? Thanks for the info.
I saw this other video (below) that says "if you purchase residence of any kind then that will make you a tax resident no matter how long you live in the country". This sounds like if I am a non-citizen in Spain and even when I live in Spain less than 183 days a year, as soon as I buy a property there I have to pay tax on my worldwide income and possibly also a wealth tax. Is this correct?
ua-cam.com/video/z8524CfksFI/v-deo.html
That is so absolutely incorrect! There are a lot more convoluted rules about what makes one a tax resident, and it is not just the 183 day rule. But just buying a residence in Spain does NOT automatically make you a tax resident, of that I am certain! Tax residency is based more on where is the center of your life. You would be wise to consult with a tax advisor for your personal circumstances. For instance, both France and Spain will argue if you spent one day more in their countries than in any other country, that makes you a tax resident even if you fell well under 183 days. Where are your kids enrolled in school? Where does your spouse live? From where do you control your business interests? The rules can be complicated and Spain knows how to work them to their own advantage better than most, as Shakira can attest!
I apply Portugal job seeker visa, i m so happy & excited want to go Europe, i m from India, now i living in UAE Abu Dhabi, when i go Portugal then help me 🙏
Best of luck to you! Europe is a wonderful place to land. 🙂