Will I be allowed residency in Tenerife?

I’m wanting to move to Tenerife I want to buy a house outright then I’ll have around 200k savings to retire on would I be allowed residency in Tenerife or would I need to have more income constantly coming in I’m early 50s and just ready to retire  modesty
any thoughts appreciated

Yes, but move before 31st December 2020 due to Brexit. After that could cause problems with added paperwork.

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