Confidence in Lisbon as a global investment destination is rising, after reports highlighted both growth and affordability in its property market. Interest from foreign buyers is especially bullish.
Portugal is a relatively cheap place to live – but not for everything. So what should you be squeezing into your luggage? And how do you bag a bargain? Portugal is a rather cheap place to live, by European standards. A recent Expatistan study, comparing living costs in 80 European cites, found Lisbon, Porto and Faro all comfortably located in the bottom half of the rankings.
Portugal’s low cost of living is one of the main attractions for expats, but if you really want to live life on a budget, there are various things you can do to make your existence even cheaper. It’s possible to enjoy a very pleasant existence in Portugal without spending a huge amount of money, but there are still some ways to drain your cash reserves if you’re not careful. In this article, we provide five useful tips to help you either economise, or avoid spending money you don’t have to.
When you are moving to Portugal, you need to make sure you can get an idea of how much you will need to maintain your life here. To help you with this, we offer our annual Cost of Living Survey, comparing costs in Portugal with the UK. We used the exchange rate on 18th May 2016, GBP/EUR: 1.28.
Visitors arriving in the popular Algarve town of Vila Real will have to pay a €1 per night tourist tax this summer. Worried British homeowners are asking who will collect it from guests, while regular visitors are wondering if they must pay it each time they come. A small Algarve town has decided to impose a new tourist tax, infuriating the local hoteliers’ association.
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