Posted: Wed Mar 11, 2020 3:32pm
I agree the various websites & forums can be confusing. Hopefully someone on here more knowledgable may jump in and help....
I am a non-resident (have a holiday home here), but plan to move over full-time in about 5 years (health & finances permitting), so I've been looking at what's required.
I believe the two main considerations should be healthcare and minimum income requirements.
I understand that if you are under retirement age you need private healthcare for at least the first year, then you can apply for spainsh healthcare at a cost of around 60 euros per person per month. Then, when you reach retirement age (and have lived there for 5 years?) healthcare is free.
While the cost of living can be to 'live to your means', currently, you need a minimum income of 800 euos per month to obtain residency - this can be from a pension; but after Brexit this will rise to 2,100 euros per month and an additional 532 euros for each additional resident in a household. This doesn't apply if you already have residency.
What I can't see anywhere is this is net or gross income...
There are also some forums that suggest that you can count the value of your property or savings as this income - but again, I'm unsure.
Hopefully, one of the regular helpful contributors can assist...