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Moving to Spain – owning a property and 90 days rule

by MatthewMoving to Spain

Buying Property in Spain: Navigating the 90-Day Rule

The allure of owning a property in Spain, with its sun-soaked beaches, vibrant culture, and warm climate, is undeniable for many. However, for those considering purchasing a home in Spain but planning to spend only 90 days a year there, it’s crucial to weigh the pros and cons carefully. This discussion delves into various aspects, from capital appreciation and rental opportunities to legal considerations and lifestyle impacts, offering a comprehensive overview for potential property buyers.

Pros of Buying Property in Spain

  1. Capital Appreciation: Real estate in Spain, particularly in sought-after areas like Costa Blanca, has historically appreciated over time, making it a potentially lucrative investment.
  2. Rental Income: Owning a property in Spain opens up the possibility of earning rental income when you’re not using it, especially during the peak tourist seasons.
  3. Lifestyle Benefits: Spain offers a warm climate, rich culture, and high quality of life. Even if you’re only there for 90 days a year, it can be a delightful escape from colder climates or busier lifestyles.
  4. Flexibility for Remote Workers: For self-employed individuals or those who can work remotely, spending time in Spain while continuing to work is a viable option, offering a balance between leisure and productivity.
  5. Tax Considerations: Non-tax residents owning property in Spain are deemed to have a taxable income in the country, which might be an advantage depending on your personal financial situation.

Cons of Buying Property in Spain

  1. Visa Limitations: Non-EU citizens are limited to spending 90 days out of every 180 days in Spain without a visa. This can be restrictive for those wanting to spend more time in their Spanish home.
  2. Legal and Security Issues: The presence of ‘okupas’ (illegal occupiers) is a concern, with Spanish law making it challenging to evict squatters swiftly. This underscores the importance of robust security measures.
  3. Taxation: Property owners must navigate the complexities of Spanish tax laws, which may include income tax on assumed rental income, even if the property isn’t rented out.
  4. Maintenance and Upkeep: Owning property abroad entails ongoing maintenance and management, which can be challenging to coordinate from afar.
  5. Cultural and Social Integration: Spending limited time in Spain may restrict deeper cultural immersion and community integration, potentially affecting the overall experience.

Navigating the 90-Day Limitation

The 90-day rule is a significant consideration for non-EU property owners in Spain. Creative solutions such as splitting time between Spain and another country, using applications to track stays, and exploring visa options like the non-lucrative visa, golden visa, or digital nomad visa can help navigate this limitation. Each option has specific requirements and benefits, making it essential to conduct thorough research or consult legal experts in Spanish immigration law.

Legal and Tax Considerations

Engaging with independent legal advice is crucial when purchasing property in Spain. Understanding the implications of local laws, taxes, and regulations can prevent unforeseen complications. For instance, the issue of inheritance tax in Spain, security against illegal occupation, and the nuances of Spanish rental and property laws require careful consideration.

Community and Lifestyle

Despite the logistical and legal challenges, many find the lifestyle benefits of owning property in Spain outweigh the cons. The sense of community, the ability to enjoy Spain’s cultural and natural offerings, and the potential for a leisurely escape make it an attractive proposition. For those who can navigate the 90-day restriction and manage the responsibilities of property ownership, Spain offers a unique blend of leisure, investment, and lifestyle opportunities.

Conclusion

Buying property in Spain with the intention of staying only 90 days a year presents a complex array of advantages and challenges. From the potential for financial gain through capital appreciation and rental income to the lifestyle perks of sunny climates and rich culture, the benefits are compelling. However, prospective buyers must carefully consider visa limitations, legal and security issues, and the practicalities of property maintenance from afar. With proper planning, advice, and a clear understanding of the regulations, owning a property in Spain can be a rewarding experience, offering a blend of investment and lifestyle benefits.

Seamless Removals to Spain with MyCheapRemovals

Understanding the complexities and excitement of moving to Spain, MyCheapRemovals stands out by offering the most affordable and efficient removal services from the UK to Spain and vice versa. We prioritize the safety and care of your belongings, ensuring they are treated with the utmost respect and attention during the transition. Our commitment to affordability does not compromise the quality of our services; we aim to make your move as pleasant and hassle-free as possible.

Recognizing the diversity of our clients’ needs, we provide a range of volume options including 5, 10, 15, 20, and 30 m3, catering to both small and large removals. Our daily services offer the fastest and most cost-effective solution for your move, ensuring that your relocation process is smooth and timely.

To facilitate a stress-free move, we offer an Instant Removal Quote form, allowing you to obtain a no-obligation estimate quickly and easily. Alternatively, you can reach out to our dedicated customer service team on 01942 409 822, 01942 938 222, or 01942 409 821 for personalized assistance. With MyCheapRemovals, you can look forward to enjoying Spanish paella and red wine in your new home in no time.

Importantly, our instant quote includes all custom fees, ensuring there are no hidden costs or surprises. Post-Brexit, the landscape of moving to and from the UK has changed significantly. MyCheapRemovals is here to guide you through the necessary paperwork and additional procedures, ensuring a seamless transition to your new life in Spain.


Customer feedback

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Instant removal quote

MyCheapRemovals, as not many of removal services provider, can send you an instant removal quote. Here last few for a guide:

From:To:5m310m315m3
Pozuelo de Alarcón, Spain London, UK£909£1159£1889
Berkhamsted, UK Loulé, Portugal£1189£1599£2459
London, UK Toulouse, France£779£959£1599
London, UK Oslo, Norway£1259£1819£2739
Teddington, UK Miranda do Corvo, Portugal£1089£1449£2209
Ashford, Kent, UK Newcastle West, County Limerick, Ireland£1279£1479£2189
Sevenoaks, UK Cela, Alcobaça, Portugal£1099£1469£2239

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