What a load of negative rubbish!Dominic Lopecas wrote: ↑Thu Apr 29, 2021 7:03 pm Spanish tourism industry would never be the same some areas will not recover after the Coronavirus pandemic;
1. None EU and EU residents find unacceptable Bank charges.
2. The Utilities cost are well out of proportions with the rest of EU
3. Direct taxes for a pensioner aren't in lane with the rest of Europe, as most of EXPAT leaving in Spain do have to declare all income and the majority that the do have a annual income over €12000. do get a massive tax-bill of 20% of their income from Agencia Tributaria.
At this moment in time most EXPAT that I have deal with are contemplating leaving Spain for ever, but large majority are set into a negative equity as the property has collapsed.
I have lived here for over 20 years and never paid any bank charges.
Yes, utilities, especially electricity are high but local taxes are far lower than the UK.
Income tax for pensioners (which most Expats are) are about the same as the UK unless they have high incomes which most do not.
Negative equity? What are you talking about. Negative equity is when you owe more on your house than it is worth, usually because you have a mortgage. Of all the very many Expats that I know, that are residents, not one of them has a mortgage on their Spanish home and they are certainly not thinking about leaving Spain because of that reason.
Please get you facts right before posting on this forum.
Sid