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Hi Jan I obtained my residential in Jan and yes I had to prove I had a 1000 at least going into my bank every month. I had to get a letter from my bank with a branch stamp on it. If you do not have your S1 yet, you have to obtain private health over and they want to see a copy of the health insurance policy.
I hope you get what you want. I love living here and it is easy to live simply and happily as it is to live expensively. It’s really your choice.
Posted: Sun Feb 16, 2020 10:02am
KevinBD wrote on Tue Feb 4, 2020 7:49am:
I have residency and was never asked for proof of any deposit. I have my NIE number and I use local facilities like the medical centre and dentist.
Hello
I have sold my house in the UK and will be moving to Spain in approximately 8/10 weeks.
I want to rent and keep money in the bank as I am 60 and don't have a pension for 6 years.
I would like to be in Velez-Malaga, Alcausin, Vinuela or Periana area which are familiar to me. Can anyone tell me or advise me if you know the best agents for these areas and is it cold in winter in these areas.
Thanking you in advance.
Debra
Posted: Sun Feb 16, 2020 11:32am
Hi
I move to Spain in March 2020 I have bought a house and not due to retire until 2024 I have just got my residency and because I owned a house fully paid for I did not have to prove income I do have funds to fund my life until I receive my state pension it’s not been as straight forward as I thought but using the right company to sort things for you I feel is the way to do it
Posted: Mon Feb 17, 2020 9:56am
TeresaB wrote on Mon Feb 3, 2020 4:59pm:
hi. If you apply for residency you need to show that you have a minimum of 11,500 euros available (for a couple) when you apply. You also need to get private health insurance, which will cost about 60 euros a month per person. Good luck!
Could you please advise where one can buy private health insurance and how to become a resident.
Posted: Mon Feb 17, 2020 11:37am
Ntjoshi131 wrote on Mon Feb 17, 2020 9:56am:
Could you please advise where one can buy private health insurance and how to become a resident.
Hi
I got mine though Asssa you have to have a level of insurance to satisfy the Police to prove you are not going to be a burden on Spain for my residency and driving licence I used Lifestyle in Mijas
Good Luck
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Posted: Sun Mar 8, 2020 1:35pm
Hi everyone,
Just to let you know my experience. I too am relocating to Spain this year. My lawyer thought that you needed to have a regular income to become a resident but she found out, on our behalf, that it depends on which area you live in. As it turn out, our region, if you own a property outright you need 8,000 euros in the bank but do not need an income. Of course you still need medical insurance. So therefore it depends where you are relocation to.
Sandra
Posted: Sun Mar 8, 2020 11:12pm
TeresaB wrote on Mon Feb 3, 2020 4:59pm:
hi. If you apply for residency you need to show that you have a minimum of 11,500 euros available (for a couple) when you apply. You also need to get private health insurance, which will cost about 60 euros a month per person. Good luck!
If you need to prove that amount is that sat in a bank account or yearly income ?
Posted: Mon Mar 9, 2020 3:22pm
Helpful member
WHoss73 wrote on Sun Mar 8, 2020 11:12pm:
If you need to prove that amount is that sat in a bank account or yearly income ?
I never got asked for any of this when I gained residency. I used an abogado who handled everything. Cost about £200.
Posted: Sun Oct 1, 2023 5:09pm
KevinBD wrote on Sun Feb 2, 2020 7:42pm:
Hi,
As a rule of thumb, it is less than half the cost of living in the UK. Electricity is cheaper, as is the gas used here to heat rooms and houses, usually about 17 Euros every 3-4 weeks. Food is about half the price in the UK and alcohol much cheaper, although there are more expensive items dependi...
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...ng on taste. Many ex-pats come here and spend their days sitting on plazas in bars drinking. That is an expensive lifestyle that is often their undoing. Buying a house is much cheaper than the UK
I wouldn't agree with the house price comment, that varies hugely.
I would say good UK suburb (not London)/is compatible with Estepona.
If you compare London with the Alicante area then yes, Spain seems cheap.
Overall I find CDS surprisingly expensive
Posted: Mon Oct 2, 2023 10:14am
Helpful member
Steven Escotia wrote on Sun Oct 1, 2023 5:09pm:
I wouldn't agree with the house price comment, that varies hugely.
I would say good UK suburb (not London)/is compatible with Estepona.
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If you compare London with the Alicante area then yes, Spain seems cheap.
Overall I find CDS surprisingly expensive
Not sure what CDS is, never used that acronym. I find house prices much cheaper than major cities in the UK. Manchester, Leeds, Birmingham are all much more expensive for what you get. I have a recently modernised 4 bedroomed house in a large village in the Malaga area and it cost 150,000 Euros, a lot cheaper than those cities that I used to work in
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