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Retiring in Portugal
Old 12-10-2017, 02:16 PM   #1
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Retiring in Portugal

Enjoyed watching this video of my son's ex CEO who was retiring and going to portugal and choosing a new home there.

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Old 12-10-2017, 02:45 PM   #2
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Funny- we watched that program yesterday. We spent a few days in Portugal and loved it. The area a little further north around Cascais, Sintra and Estoril is beautiful.
Many expatriates living there.
Edit: I added our trip story that includes Lisbon, Portimau and Cascais
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Old 12-10-2017, 03:49 PM   #3
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Try this modest hovel near Sintra. Lots of space, but also a lot of stairs.
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Old 12-10-2017, 04:31 PM   #4
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Thanks for posting. We are looking into Portugal as our retirement destination in a couple of years.
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Old 12-10-2017, 05:31 PM   #5
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But how are you going to get a Visa? Americans per the Schengen Agreement are prohibited from spending more than 90 days out of 180 days without paying large fines.

Visas are limited mostly to students and exclude refrigerator for the most part.
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Old 12-10-2017, 05:33 PM   #6
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Portugal is one of the easier countries to get residency in.
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Old 12-10-2017, 06:49 PM   #7
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Thank you for posting this. I must say that I'm a bit nervous for her...
Hard to say if she'll survive being away from her children.
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Old 12-10-2017, 06:59 PM   #8
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Those are expensive houses in Portugal. I though they should have houses of half of those prices to be competitive, especially one does not speak their language.
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Old 12-10-2017, 07:33 PM   #9
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But how are you going to get a Visa? Americans per the Schengen Agreement are prohibited from spending more than 90 days out of 180 days without paying large fines.

Visas are limited mostly to students and exclude refrigerator for the most part.
Google "Portuguese Golden Visa". Lots of ways to get permanent residency. Portugal looking to encourage wealthy foreigners to bring their money.
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Old 12-10-2017, 07:34 PM   #10
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I'm looking forward to visiting and seeing what it's like.

The south around Faro appears to have moderate weather even in March and August and it's dry too.

The north around Porto and inland are said to be very wet.

But you wonder about their fiscal situation. No other country has gotten in as bad a state as Greece but Portugal, Italy, Ireland, Greece and Spain are lumped in as the sickly economies of Western Europe.
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Old 12-10-2017, 07:36 PM   #11
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Google "Portuguese Golden Visa". Lots of ways to get permanent residency. Portugal looking to encourage wealthy foreigners to bring their money.
I think there are retirement visas offered by other EU countries too, like Italy.

But if you bring in money to the country, they would probably tax it? That's even before you get into their health care system.

It sounded like a lot of red tape too, when it came to buying property and opening a bank account, especially for Americans.

I don't know if Portugal is a lot better than Italy in these regards.
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Old 12-10-2017, 07:40 PM   #12
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Portugal’s Golden Visa requires you to spend just €350K on a 30+ year old house.
Citizenship in 6 years.
Cost of living is 2/3 USA.
Português is more difficult than Español.
Many people speak English, sadly.

I loved my 3 week vacation this Fall.
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Old 12-10-2017, 07:43 PM   #13
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Why not just go there and rent?
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Old 12-10-2017, 07:56 PM   #14
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Why not just go there and rent?
Because you have leave periodically.
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Old 12-10-2017, 08:02 PM   #15
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Portugal’s Golden Visa requires you to spend just €350K on a 30+ year old house.
Citizenship in 6 years.
Cost of living is 2/3 USA.
Português is more difficult than Español.
Many people speak English, sadly.

I loved my 3 week vacation this Fall.
Does citizenship include getting into their health care system?

Or if you get Portuguese citizenship, are you going to have to fly back to the US to get health care in the US via Medicare?
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Old 12-10-2017, 08:10 PM   #16
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Because you have leave periodically.
I understand......I was first in Portugal in 1963, (long before Schengen, I know), and have been there a few times over the subsequent years........

I didn't bother to watch much of the video...(and perhaps I missed something)...but what little I did watch suggested (to me anyway), that these people were maybe more tuned into the idea of being an expat than the reality.

So....perhaps rent....go to a non-Schengen country....Croatia, Montenegro, Bulgaria...when your 90 days are due...rent there...come back.

Just make SURE you want to live there full time.
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Old 12-10-2017, 08:26 PM   #17
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Tricky thing about short-term rentals is whether you have to open your own utilities accounts and that often requires having a bank account.
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Old 12-10-2017, 08:36 PM   #18
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Tricky thing about short-term rentals is whether you have to open your own utilities accounts and that often requires having a bank account.
I recall talking to a Brit in a smaller centre outside Lisbon, circa 1986/7, (been there a few times since then), who said that a number of Brit expats, who 'bought cheap' there, wanted to return to England, but the English housing market had passed them by and they couldn't afford to go back.

I'd just suggest taking things slowly and not jumping in with both feet, (and a bunch of money), before really knowing what is being undertaken.
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Old 12-10-2017, 08:39 PM   #19
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Not only that Brit expats in places like Spain don't want to go back.

Someone interviewed some of them because they didn't know the ramifications of Brexit.

Cost of living, better weather and there were large expat communities so that was their new home and had been for decades in the case of some.
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Old 12-11-2017, 08:13 AM   #20
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We met some Brits in Antequera who had relocated from the coast to get away from empty condos that were overrun by fellow Brits in the summer. We were on the Costa del Sol in October and it was mainly Brits on the beach.
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