Pros and Cons of Buying a House in Spain

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Hi friends! In this video I'm sharing my thoughts on the pros and cons of homeownership in Spain. Buying a house in Spain can be really fantastic, but it also has its hassles, so I'm trying to be a helpful resource for thinking through what the benefits as well as the drawbacks are.
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Опубликовано:

15 сен 2024

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Комментарии : 30

@jjoel609 14 дней назад

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!

@traveltomoney 14 дней назад

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?

@jjoel609 14 дней назад

@@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!

@dougjackson8208 9 дней назад

We are beginning to look at in 5 yrs moving to Spain. Just didn’t realize you could only stay for 3 months

@traveltomoney 9 дней назад

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.

@LarArauz 13 дней назад

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?

@hasssan145 14 дней назад

I am her just to learn English Thank you mis for this Information.

@Vexation4632 14 дней назад

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.

@traveltomoney 14 дней назад

Hi there! I've never had to pay a tax like that unless I was actually renting the property. I hope that helps!

@squirrelbrains2197 15 дней назад

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.

@traveltomoney 15 дней назад

So true! Thanks for sharing! 🙂

@curtismcmillen3507 9 дней назад

My worry is resale. There seem to be ALOT of homes for sale in Spain.

@traveltomoney 9 дней назад

Yeah, just depends on the area.

@Jo28147 14 дней назад

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.

@traveltomoney 14 дней назад

Awesome info! Thank you!

@kellyphx 12 дней назад

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.

@bernardo_olafson 4 дня назад

yes you can stay as long as you want as an EU citizen. Its not a misunderstanding. You just have to register with local authorities which you have to do in your home country as well.

@mariatajes9054 15 дней назад

Oh,i never get permits for interior work. I do get permits for exterior work. I use professionals for all the repairs and updates.

@traveltomoney 15 дней назад

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.

@Chonny_Boy 14 дней назад

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.

@traveltomoney 14 дней назад

Hi there! I actually made a video about that topic not long ago. Here's the link: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-p3CE4tL7M9Q.html

@sarathuston7856 15 дней назад

My friends want to move to Europe and start a small commune together. Thinking either Spain or Portugal.

@traveltomoney 15 дней назад

Both great options!

@hasssan145 14 дней назад

I will follow you

@traveltomoney 14 дней назад

Thank you!

@michaelblank4643 13 дней назад

Do I understand correctly, you purchased an apartement in Spain for only 20.000.-€? Thanks for the info.

@eddaraki5250 13 дней назад

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? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-z8524CfksFI.html

@kellyphx 12 дней назад

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!

@arexploreworld1985 15 дней назад

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 🙏

@traveltomoney 15 дней назад

Best of luck to you! Europe is a wonderful place to land. 🙂