Portugal is hot. I’ve been focusing time and attention on this country for the past two-and-a-half years. My first visit,...Read more
Capital City: Lisbon
Capital City: Lisbon
International Dialing Code: 351
President: Marcelo Rebelo de Sousa
Until recently, Portugal had not been a well-known destination and attracted very few foreign visitors. Portugal remained largely undiscovered until the mid-1990s, when Europeans began immigrating en masse. Expats to Portugal enjoy its beautiful landscapes, historical architecture, stunning beaches, and welcoming residency programs. Nowadays, Portugal is home to hundreds of thousands of (mostly European) expats and North Americans are just picking up on the trend.
Despite its small size (225 km wide and 612 km long) Portugal rewards the visitor at every step, offering a mild climate, and hospitable locals. You’ll enjoy beautiful white-sand beaches throughout the country… almond trees in the African-looking Algarve region… fields of golden wheat in Alentejo, ranches in Ribatejo… ox-driven carts across Minho… and vineyards in Douro. The country is rich with artistic and cultural treasures, tasty cuisine, and a unique architectural style (called Manueline). As a bonus, Portugal ranks as the 17th safest country in the world.
English is spoken by most in Portugal and visitors are welcomed. The cost of living in Portugal is among the lowest in Western Europe, on average 30% lower than in any other country of the region.
In all, Portugal offers a competitive cost of living, especially when compared with its EU neighbors, an enviable tax situation, and bargains on real estate.
The Algarve Region is the southwesternmost coast of mainland Portugal. (The origin of the name Algarve is Al-Gharb, meaning “west” in Arabic.) Bordering the Atlantic, this region is already home to more than 100,000 expats.
The Algarve offers the best of the Old World, from medieval towns and fishing villages to open-air markets and local wine, plus some of Europe’s best beaches. The Algarve arguably boasts some of the world’s greatest weather, too. Algarve enjoys 3,300 hours of sunshine per year, more than most anywhere else in Europe. Nowhere in the world could you embrace a better overall retirement experience than in Portugal’s Algarve region.
The Vasco de Gama Bridge in Lisbon, over the Tagus River. is the longest bridge in Europe at 10.7 miles long.
Broad market statistics show that property prices in Portugal bottomed out in the first quarter of 2015. I bought an apartment in Lagos in the summer of 2015. I could tell you that I’m some kind of savant, but you and I both would know I was lying. The truth is, I was in the right market at the right time. In 2014, a longtime friend and fellow global property investor drew my attention to Portugal. He told me about...Read more