Located along the Mediterranean, this beautiful country with its sandy beaches, world-class golf resorts, high-quality wines and sunny climate has so much to offer.
If you’re looking for a place to purchase a home for your golden years, we recommend Portugal, a lively tourist and commercial hotspot.
Reasons to retire in Portugal
One of the primary reasons why this sun soaked European destination is an ideal spot in which to retire, is its climate. The country enjoys a temperate climate with mild winters and plenty of sunshine during the summer months. Its proximity to the UK (Algarve is a mere two and a half hours by flight) ensures you are close to family and friends.
The cost of living in Portugal is considerably lower than those in equally exotic destinations. You can also enjoy your pension tax-free for ten years as well as pay reduced income taxes, due to a number of income tax caps on specific services billed locally.
Another highlight to owning property in Portugal is the low-cost medical aid provided throughout the country’s highly rated national healthcare system. If you’re interested, you can also enrol in one of the affordably priced general health insurance packages which enable you to utilize the world-class healthcare facilities in private hospitals and clinics.
Living in this culturally-rich country ensures a first rate quality of life, thanks to its award-winning wines, delicious food and rich traditions. With championship golf courses, beaches and the unspoiled countryside on your doorstep, sport, leisure and entertainment options are aplenty.
If city life appeals, picturesque Lisbon is an excellent choice, with its medieval buildings, leafy squares and unbeatable views from the Seven Hills. You can eat here very well for very little and go to work on Lisbon’s superpowered espresso coffee! If you like the arts - opera, ballet, art galleries or soulful Fado (bluesy guitar music) - you can indulge your senses inside impressive auditoriums and galleries, or enjoy endless open-air music festivals.
Alternatively, there is the city of Faro in the Algarve - home to a marina, old walled quarter and outdoor cafés. Also worth exploring is the vibrant coastal city of Lagos.
Carvoeiro in the Algarve is a good option if you’re looking for a home near the sea. This is a charming resort town, nestled against steep cliffs, dotted with whitewashed cottages, waterfront villas and colourful fishing boats. For a laidback lifestyle away from the ocean, try Silves, a pretty, historical town with a Moorish castle.
Another hidden gem in the Algarve is Ferragudo, with cobbled streets, palm-fringed gardens, central square and nearby beach, is known for its tranquility. You’ll find stunning Portuguese properties for sale here. If you’re an avid golfer, check out Gramacho in the Algarve; high spec villas in this upmarket development are conveniently close to world class golf courses as well as the beach.
Commuting is easy, thanks to a well-linked network of buses, trains and trams (within the cities) as well as the well-maintained motorways. Best of all, Portuguese real estate is set to appreciate (according to market trends), so by investing now in a spectacular home in this vibrant country you stand to gain considerably over the long-term.