Each year, the editors of Forbes magazine’s International Living rates the world’s best places to live. Their decisions for this ranking are based on a variety of factors, including weather, the friendliness of the locals, safety issues, and whether the destination offers an affordable lifestyle.
For the third time, the first place has been awarded to Portugal. Additionally, Forbes establishes that it is the first position of the annual index of global retirement of 2020.
Why Portugal?
Portugal is one of the friendliest, easiest, and safest countries in the world, leading the annual global retirement index for 2020. Among the main attractions of Portugal, we can find its friendly people, its beautiful beaches, its bright sun, and its rich culture.
Where am I moving to?
Whether you are looking for great museums, hiking trails, surfing beaches, ancient ruins, or places to polish your game of golf, it is easy to find it in Portugal. In most regions of Portugal, there is a pleasant climate throughout the year. Do you want an urban lifestyle? Take a look at Lisbon, the oldest city in Western Europe, or Porto, the second largest metropolitan area. For a quieter way of life, check out secret hill towns like Marvo, the highest town in Portugal, and Castelo de Vide, which has plenty of shops, cafes, restaurants, and stunning mountain views. British expats and other European expats have been settling in the Algarve for years. Another find: Coimbra, a lively university town.
What is the cost?
Portugal is one of the most affordable countries in Western Europe, and expats typically find their expenses to be around a third of what it would be in the United States. In the capital city of Lisbon, a couple can live comfortably on about $2,200 a month, and it is much less for a single person. In the smaller cities or in the interior of the country, the budget of a couple could be about $1,700 a month. And there are areas where your money goes for lower, like Peniche on Portugal’s Silver Coast, where you can live for less than $1,400 a month. Another example is Marvo, where you can own a historic home in a mountain national park for just $403 a month.
About a 20-minute drive from Castelo de Vide, houses in need of renovation can be found for as little as €10,000 ($11,068).
Source: Forbes.
If you wish to obtain a Portuguese passport from Sephardic origin, do not hesitate to contact our office by sending an email to asesores@troislaw.com
Valentina Sierraalta