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Retirement or holiday home?

Posted: Tue Oct 6, 2020 5:30pm
7 replies149 views5 members subscribed
Anna59

Posts: 4

2 helpful points

Location: Mollina

Joined: 4 Oct 2020

Hi thank you for letting me be part of your forum.

 I am thinking of visiting some retirement parks after things start to settle dow. I am not ready to fully retire as yet so would like to use whatever I buy for part of the year for the next few years.  I see Saydo Park advertise their park as holiday or retirement yet others like la Vina say full retirement. Can any one enlightenen me as to what the rules are.

Sue102

Posted: Wed Oct 7, 2020 8:32am

Posts: 14

10 helpful points

Location: Sierra de Yeguas

Joined: 5 Sep 2019

Posted: Wed Oct 7, 2020 8:32am

Hi,

Your confusion probably lies with the fact that some retirement parks allow you to rent out your home, others (fully retirement) don't allow you to.  La Posada (Costa Difference) in Alameda which is 15 mins from Mollina are fully residential in that you are not allowed to sub-let your home but this does not mean you yourself can't use the home for part of the year as a holiday home.  La Vina in Mollina (Costa Paradise) and Saydo Park (Caravans in the Sun) also have residents who use their homes as holiday homes but you would have to check with the company who arrange viewings and visits about sub-letting if that is your intention.

But, next year now that Brexit has done it's deadly deal, I believe things will be quite different with how many days a person who lives outside of Spain can spend in the country and of course how much more difficult it will be to actually try and become a resident of Spain! But I am no expert (so please nobody slaughter my only intended as helpful post) or don't want to scaremonger you but you need to do a lot of homework about the in's and out's of buying//iving/retireing (albeit eventually) to Spain.  Good luck with your research.

Frenchman

Posted: Wed Oct 7, 2020 11:31am

Posts: 1

Location: Alameda

Joined: 24 Jul 2020

Posted: Wed Oct 7, 2020 11:31am

Sue102 wrote on Wed Oct 7, 2020 8:32am:

Hi,

Your confusion probably lies with the fact that some retirement parks allow you to rent out your home, others (fully retirement) don't allow you to.  La Posada (Costa Difference) in Alameda which is 15 mins from Mollina are fully residential in that you are not allowed to sub-let your home b...

...ut this does not mean you yourself can't use the home for part of the year as a holiday home.  La Vina in Mollina (Costa Paradise) and Saydo Park (Caravans in the Sun) also have residents who use their homes as holiday homes but you would have to check with the company who arrange viewings and visits about sub-letting if that is your intention.

But, next year now that Brexit has done it's deadly deal, I believe things will be quite different with how many days a person who lives outside of Spain can spend in the country and of course how much more difficult it will be to actually try and become a resident of Spain! But I am no expert (so please nobody slaughter my only intended as helpful post) or don't want to scaremonger you but you need to do a lot of homework about the in's and out's of buying//iving/retireing (albeit eventually) to Spain.  Good luck with your research.

I have read your post and a reply, I bought at Parque Posada in Alameda this year. It's right that you can't rent out your home but I think that is better, you know everyone that lives their and everyone will keep an eye on your home while your not there and it's gated, in today's world that means a lot wherever you live.Look on their web sight.

Geordie4me

Posted: Wed Oct 7, 2020 3:25pm

Posts: 1

Location: Mollina

Joined: 21 Jul 2020

Posted: Wed Oct 7, 2020 3:25pm

Sue102 wrote on Wed Oct 7, 2020 8:32am:

Hi,

Your confusion probably lies with the fact that some retirement parks allow you to rent out your home, others (fully retirement) don't allow you to.  La Posada (Costa Difference) in Alameda which is 15 mins from Mollina are fully residential in that you are not allowed to sub-let your home b...

...ut this does not mean you yourself can't use the home for part of the year as a holiday home.  La Vina in Mollina (Costa Paradise) and Saydo Park (Caravans in the Sun) also have residents who use their homes as holiday homes but you would have to check with the company who arrange viewings and visits about sub-letting if that is your intention.

But, next year now that Brexit has done it's deadly deal, I believe things will be quite different with how many days a person who lives outside of Spain can spend in the country and of course how much more difficult it will be to actually try and become a resident of Spain! But I am no expert (so please nobody slaughter my only intended as helpful post) or don't want to scaremonger you but you need to do a lot of homework about the in's and out's of buying//iving/retireing (albeit eventually) to Spain.  Good luck with your research.

Very well explained.

Anna59

Posted: Wed Oct 7, 2020 3:52pm

Anna59

Original Poster

Posts: 4

2 helpful points

Location: Mollina

Joined: 4 Oct 2020

Posted: Wed Oct 7, 2020 3:52pm

Geordie4me wrote on Wed Oct 7, 2020 3:25pm:

Very well explained.

Thank you for your reply Sue. Yes I am going to take things very slowly  with regards to buying a place in Spain. I am watching the way Brexit unfolds and what the long term consequences will be. Certainly for the foreseeable future I will only want a holiday home as I still have commitments in the UK mainly work, so you have answered my question with regards to living there for part of the year. I did read that sub letting was not allowed  on all but one of the parks which suits me fine. I don't want a tourist park.  I'm hoping to visit in the spring and explore the area and what it offers  but who knows with  the way things are going. Thanks again.

Anna59

Posted: Wed Oct 7, 2020 3:57pm

Anna59

Original Poster

Posts: 4

2 helpful points

Location: Mollina

Joined: 4 Oct 2020

Posted: Wed Oct 7, 2020 3:57pm

Frenchman wrote on Wed Oct 7, 2020 11:31am:

I have read your post and a reply, I bought at Parque Posada in Alameda this year. It's right that you can't rent out your home but I think that is better, you know everyone that lives their and everyone will keep an eye on your home while your not there and it's gated, in today's world that mean...

...s a lot wherever you live.Look on their web sight.

Thank you Frenchman. Yes you're exactly right. I will look at the park you mentioned. Thank you for your reply.

Lorraine2019

Posted: Tue Oct 13, 2020 10:19pm

Posts: 33

10 helpful points

Location: Mollina

Joined: 6 May 2019

Posted: Tue Oct 13, 2020 10:19pm

Please be aware that if you buy on a parque and only want to use it as a holiday home initially, you will still be paying a yearly ground rent of approx €3_4000, yet only be able to use it for 90 days out of every 180. Am not sure of how this legislation works to be honest, but worth thinking about the financial implications to you after the end of this year.

Anna59

Posted: Wed Oct 14, 2020 4:42pm

Anna59

Original Poster

Posts: 4

2 helpful points

Location: Mollina

Joined: 4 Oct 2020

Posted: Wed Oct 14, 2020 4:42pm

Thanks Lorraine

Yes I've looked into that and as yet you are right. Maximum 90 days stay in Spain every 6 months  . Also if you travel any where else in the EU that is also included in your 90 day quota. You have your site fee and monthly out goings so it all adds up. It's going to take careful consideration before I take the plunge.

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