What should I know before moving to Portugal?
Moving to Portugal: Things to Know
TL;DR
- The cost of living has increased in Portugal, particularly in major cities like Lisbon and Porto.
- Housing prices have risen significantly, making it difficult for locals to afford homes.
- There is a sentiment among some locals that expats are driving up housing prices and gentrifying the country.
- The pace of life in Portugal is often seen as more relaxed and less stressful compared to other countries.
- Language can be a barrier, especially for teenagers who may find it challenging to adapt to a new language and culture.
- It’s important to involve your children in the decision-making process and consider their preferences and concerns.
- Portugal offers tax advantages for retirees, but it’s essential to research and understand the local tax laws and regulations.
Cost of Living and Housing
The cost of living in Portugal has increased, particularly in popular cities like Lisbon and Porto. This rise in costs, coupled with low salaries, has made it challenging for locals to maintain a good work-life balance. Housing prices have also surged, leading to concerns about affordability and the impact on the local population.
Sentiment Towards Expats
There is a growing sentiment among some locals that expats are driving up housing prices and contributing to the affordability crisis. This sentiment is not directed at individuals themselves but rather at the impact of foreign investment on the housing market.
Language and Cultural Adaptation
Moving to Portugal can be a significant change, especially for teenagers who may have to adapt to a new language, culture, and social environment. It’s important to consider their preferences and involve them in the decision-making process. Language barriers can be challenging, particularly for older children, who may find it more difficult to learn a new language.
Retirement and Tax Advantages
Portugal offers tax advantages for retirees through its Non-Habitual Resident (NHR) program. However, it’s crucial to research and understand the local tax laws and regulations before making any decisions.
Considerations Beyond the Discussions
While these discussions provide valuable insights, it’s essential to conduct thorough research and seek professional advice when considering a move to Portugal. Factors such as healthcare, education, visa requirements, and job prospects should also be taken into account. Additionally, understanding the local culture, customs, and legal processes can help ease the transition to a new country.
