According to the Portuguese Chamber of Commerce in the UK, there was an increase of 34.6% between 2019-2020, a number of 46,238 British expats in Portugal - the highest figure ever recorded. As more and more people choose the Mediterranean country to settle in, it’s worth noting that there has been a noticeable increase in young families moving to Portugal.
Besides the high quality of international schools, a laid back pace of life and access to the Schengen area, other reasons also prompted Britons to move to Portugal - from Brexit to Portugal’s NHR tax scheme which enables foreigners who relocate to Portugal to benefit from income tax rates.
Being one of the major draws, foreigners with certain professions can qualify for the NHR status and have several advantages, such as:
What’s more, although the tax rate on foreign pension income has increased from 0% to 10% ever since the programme started in 2009, it remains noticeably lower than many other countries, including the UK, adding up to the list of reasons for Britons moving to Portugal.
Portugal is considered to be one of the cheapest countries to live in Western Europe, making it massively popular amongst Britons seeking a sunny life abroad. According to Numbeo, the estimated monthly costs for a family of four 1870€ without rent, and 533€ without rent for a single person. These numbers are significantly lower when compared to the cost of living in the UK (roughly 40% higher than in Portugal).
What’s more, Portugal is also slightly ahead of the UK when it comes to life expectancy, making the Mediterranean country a desirable destination for retirees. According to the latest WHO data published in 2021, Portuguese life expectancy is ranked 23rd in the world, with the UK behind in 29th.
Portugal also surpasses the UK when it comes to the weather - the Portuguese blue skies and sunshine enable you to enjoy the gold-sand beaches, along with lakes, mountains, and other spots of immense natural beauty. This isn’t to say that the weather in Portugal is the same all over. In fact, there’s something for everyone, including cooler weather up North and a subtropical oceanic climate on the Azores Islands and Madeira.
If you’re moving to Portugal with your family, you will surely need to enrol your children in a good school. Within the Portuguese education system, there are options that fit every budget (public, private and international), however, if you plan to raise your kids in a multicultural setting, then international establishments might be the best option. You can see which are the best schools in Portugal here.
What’s more, Portugal has 14 universities in the overall Times Higher Education World University Rankings. The highest-ranking university is the Catholic University of Portugal, at number 351-400.
Portugal is hence becoming the centre of entrepreneurship. More and more, the country is valuing businesses that motivate variety, which is why Lisbon has been the stage for Web Summit for the past years, as the founder believes that “Portugal is a startup nation”.
Portugal is hence growing into a cosmopolitan spot for all kinds of nationalities. Besides being the stage for the biggest technology conference, Web Summit, the country is also valuing businesses that motivate variety, innovation and technology which prompted several institutions to elect the Lisbon capital as one of the best places to work in the future.
Portugal’s agreement with the Schengen Area may also be enticing to UK citizens who like travel and freedom of movement across borders. Founded in 1995, the Schengen Area refers to 26 European countries that have removed border and passport controls on their borders. Residents of these countries can be moving across countries without the need for a passport or visa.
A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.
Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investidor dos EUA
Very helpful. Work with his heart. Mark is a very nice advisor.Investidor de Marrocos
Tudo correu lindamente. Consegui esclarecer todas as minhas questões.Investidor da Turquia
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investidor dos EUA
A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.Investidor dos EAU
George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.Cliente dos Emirados Árabes Unidos