HIGH VALUE OF REAL ESTATE
The real estate market in the Algarve is an always-active business and real estate is a high value and tentable asset for the future if you wish to explore the market for leases. Prices are also better now than in recent years.
The reputation of the Algarve around the world speaks for itself, with thousands and thousands of people visiting every year this beautiful region, returning every year to a family and safe place, often choosing it as its final destination to retire and enjoy the Fantastic weather.
Recently introduced new legislation in Portugal that offers new tax benefits for foreign residents (with non-habitual resident status). This means that you may receive your pension with a status of exemption for a period of 10 years. There is also legislation for exemption statutes for several professionals in high-income areas. See news > NEW TAX BENEFITS FOR non-HABITUAL residents
NATIONAL HEALTH SERVICE
Portugal has a National Health Service (SNS). Based on a universal model of health care and services, it can (like any national service) cause some problems, but it works well in general and provides its residents with medical care at low costs.
There are also excellent private hospitals and clinics around the area. Costs can be a bit high for certain specific treatments and consultations, but a general health insurance is a solution to make things a bit more affordable.
STRONG COMMUNITY AND FOREIGN SERVICES
Relocation to another country can be a huge task and being difficult to integrate, in Portugal many foreign residents have already found a vast community of foreign residents, many already with established businesses and common meeting points. The social and leisure life are mixed in the Algarve, with many businesses such as golf courses, restaurants, bars and pubs, newspapers and magazines, oriented not only for Portuguese but also for residents and foreign visitors. Many food products from outside and articles such as magazines, newspapers and international brands are easily found in the Algarve.
In the Algarve the community spirit of foreign residents is extremely well placed in the local society, so that they never feel out of place.
PERFECT CLIMATE, PERFECT LEISURE
The quality of life is superb in the Algarve. There is a rich culture and history, fantastic gastronomy, typical villages and lands and modern urban centers, Resorts, golf courses and attractions, magnificent golden sand beaches and secret nooks along the Algarvia coast, vast fields and Rural tourism, music and gastronomy festivals, and a lively nightlife. In the Algarve there is everything for everyone.
The Portuguese people are extremely friendly, open and welcoming, and the climate is something from another world, blending the Atlantic Breeze with Mediterranean comfort. With an average of 300 days of sunshine a year the Algarve is a welcoming land with a climate regarded as one of the most stable in the world.
It is no surprise that the Algarve has won immense prizes and distinctions as the best beach and golf destination in the world, maintaining a traditional atmosphere allied to today's modernity.