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Having lived on the Costa del Sol for 6/7 years both on the coast and inland in Coin, I am interested how anyone that isn’t retired is going to able to stay in Spain.
Nearly everyone I met whilst I lived there was reliant on real estate one way or another or financial advisors or timeshare.
The British bars and restaurants on the coast may survive on the holiday trade, but how are they coping off the holiday beaten track
Where will the Brits that work in the building, air conditioning and swimming pool trades find customers
I guess this is the same for all Northern Europeans.
Apart from second homes will there be a mass exodus? or has it already happened? -
Hi GJ – the only way for people who have to earn a living to survive is to diversify – unfortunately there are some on this forum who look down their noses at that.
When I first came to Spain there were few opportunities and even real estate wasnt huge. I had to do several things (not real estate or timeshare) so as not to put all the eggs into one basket! There are still good opportunitites now and many diverse businesses are trying to get a foothold here.
Others are moving over with established businesses in various markets where reliance on the internet enables them to work from anywhere. Also network marketing enables people to work anywhere in the world too, so a lot different from the old days
I heard today that cleaners are getting 12 euros per hour now in this area – used to be 9 max if you were lucky a few years ago and established honest people will always be in demand for all sorts of things.
Certainly it will bei nterestiong to see how things go, but being open to change and adaption will be the key.
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There are certainly Estate Agent closures, but what has surprised me is how many Bars are closed or changing hands. I know that there is any increase in working families returning to the UK, and I feel that this is just the tip of the iceberg.
Many of these working families are hit by inflation, much larger mortgage payments & a downturn in trade (although some bar owners I have spoken to say that trade is up this year). Even people with secure jobs with Spanish companies are exposed to increased risk of unemployment as the economic situation worsens here.
That allied to the generally depressing state of the housing market & economy here is bound to have an impact. It is even raining more this year (in Alicante), and the strikes aren’t going to make anyone happy.
Of course it is not just the working families that are leaving, the weak Pound (or should that be the strong Euro?) is having an impact on the retired too. I don’t know if this is enough to make them leave, time will tell.
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@GJ wrote:
Having lived on the Costa del Sol for 6/7 years both on the coast and inland in Coin, I am interested how anyone that isn’t retired is going to able to stay in Spain.
Nearly everyone I met whilst I lived there was reliant on real estate one way or another or financial advisors or timeshare.
The British bars and restaurants on the coast may survive on the holiday trade, but how are they coping off the holiday beaten track
Where will the Brits that work in the building, air conditioning and swimming pool trades find customers
I guess this is the same for all Northern Europeans.
Apart from second homes will there be a mass exodus? or has it already happened?well there is going to be more of an exodus of brits than other nationalities for several reasons.
Most do not speak spanish. So your clientele is a bit restricted.
Many of the brits who run bars/restaurants are quite expensive. Ethnic food should be better value for money than the local.
Many are still in holiday mentality. if things get harder, you just shut up shop adn go home.generalisations i know, but applies to alot of people here.
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@GJ wrote:
Having lived on the Costa del Sol for 6/7 years both on the coast and inland in Coin, I am interested how anyone that isn’t retired is going to able to stay in Spain.
Nearly everyone I met whilst I lived there was reliant on real estate one way or another or financial advisors or timeshare.
The British bars and restaurants on the coast may survive on the holiday trade, but how are they coping off the holiday beaten track
Where will the Brits that work in the building, air conditioning and swimming pool trades find customers
I guess this is the same for all Northern Europeans.
Apart from second homes will there be a mass exodus? or has it already happened?well there is going to be more of an exodus of brits than other nationalities for several reasons.
Most do not speak spanish. So your clientele is a bit restricted.
Many of the brits who run bars/restaurants are quite expensive. Ethnic food should be better value for money than the local.
Many are still in holiday mentality. if things get harder, you just shut up shop adn go home.generalisations i know, but applies to alot of people here.
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“I know that there is any increase in working families returning to the UK, and I feel that this is just the tip of the iceberg. “
UK is also on verge of recession. So I am not sure what jobs can they find here in UK.
“Many of these working families are hit by inflation”
Same in UK, food price goes up every week.
“much larger mortgage payments”
Same in UK< banks are increasing the mortgage rates everyday now.
“That allied to the generally depressing state of the housing market & economy here is bound to have an impact. “
Same in UK, the property market is falling.
“It is even raining more this year (in Alicante)”
This is one big difference. In UK it was impossible to rain more. :)))
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“I know that there is any increase in working families returning to the UK, and I feel that this is just the tip of the iceberg. “
UK is also on verge of recession. So I am not sure what jobs can they find here in UK.
“Many of these working families are hit by inflation”
Same in UK, food price goes up every week.
“much larger mortgage payments”
Same in UK< banks are increasing the mortgage rates everyday now.
“That allied to the generally depressing state of the housing market & economy here is bound to have an impact. “
Same in UK, the property market is falling.
“It is even raining more this year (in Alicante)”
This is one big difference. In UK it was impossible to rain more. :)))
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Peter Good wrote:Some friends of ours went back last month. They have 2 young boys and a baby.
They are receiving over 450 pounds in benefits every week, earning more than their bar ever made them in Spain.
When my 2 twin children were born in USA, my taxes went down by $500/month.
In UK I receive £180/month child benefits which is less.
Why isn’t a reduction of taxes in UK for married people and/or for people with children?
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Peter Good wrote:Some friends of ours went back last month. They have 2 young boys and a baby.
They are receiving over 450 pounds in benefits every week, earning more than their bar ever made them in Spain.
When my 2 twin children were born in USA, my taxes went down by $500/month.
In UK I receive £180/month child benefits which is less.
Why isn’t a reduction of taxes in UK for married people and/or for people with children?
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@Peter Good wrote:
Some friends of ours went back last month. They have 2 young boys and a baby.
They are receiving over 450 pounds in benefits every week, earning more than their bar ever made them in Spain.
Sorry forgive my cynical view but is living off of the state or receiving benefits ‘earning’?
Maybe this mentality is part of the problem. You get out of life what you put in. Times are tough at the moment but I still feel good in the mornings knowing that I have a full days work ahead.
Well good luck to your friends and let’s hope that the UK government does not MAKE them get a job – imagine all the benefits they might lose…maybe they might head back to Spain
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@Peter Good wrote:
Some friends of ours went back last month. They have 2 young boys and a baby.
They are receiving over 450 pounds in benefits every week, earning more than their bar ever made them in Spain.
Sorry forgive my cynical view but is living off of the state or receiving benefits ‘earning’?
Maybe this mentality is part of the problem. You get out of life what you put in. Times are tough at the moment but I still feel good in the mornings knowing that I have a full days work ahead.
Well good luck to your friends and let’s hope that the UK government does not MAKE them get a job – imagine all the benefits they might lose…maybe they might head back to Spain
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