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What 2020 holds for foreigners in Portugal…

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In a world of uncertainty, in 2020 Portugal remains a safe haven, not only for those who visit the country but also for anyone who chooses to live in Portugal.

It’s no secret to anyone that foreigners enjoy Portugal’s many charms. From the green of the mountains to the Portuguese coast, where you’ll find some of the most beautiful beaches in the world. Not to mention the delicious Portuguese food and wine, a vital part of the laid-back lifestyle where something as simple as drinking espresso at your local café is a vital part of daily life.

At the beginning of this new decade, find out why Portugal is expected to continue to be one of the most sought after countries for travel and for expats living abroad:


A safe haven amidst international turmoil

Security is an issue where Portugal will continue to stand out in 2020. Rated the third-safest country in the world in the 2019 Global Peace Index, Portugal is an extremely safe country.

Portugal Realty - Life in Portugal - Safest countries in the world - Lisbon Portugal

The low crime rate is directly related to the tolerance of the Portuguese society, which is generally very open, welcoming and liberal.

Another factor is the climate of social peace and economic growth for which Portugal has been praised for during the last few years. Despite the uncertainty of global markets, foreign entities such as the IMF, the European Commission or the OECD are very optimistic, estimating that Portugal will continue to grow in 2020 from 1.6 to 1.8% of GDP.

Factors that could create turmoil in international markets include the recent escalation of US-Iran tension, as well as the US presidential elections in November. On the other hand, the clear victory of the Conservatives led by Boris Johnson in the UK brings new confidence for European investors after months of uncertainty. Brexit is finally happening, and the signs of economic improvement are already showing in the first days of 2020.

All this could affect the world economy and, consequently, Portugal. However, the forecasts are clearly optimistic, and the high demand for the Portuguese real estate market is expected to stay strong in 2020.

›› Foreigners residing in Portugal continue to grow

 


The best place in the world to enjoy your retirement

Portugal has also maintained its place on the top of the list of the best countries for a comfortable retirement abroad. In 2020 Portugal was once again chosen as the best country in the world to retire, this time by the Annual Global Retirement Index of International Living magazine.

Portugal Realty - Retirement in Portugal - Active Retirement - Life in Portugal

According to this survey, the reasons include some of Portugal’s most appealing features:

  • Landscape: “Cosmopolitan cities sit along a rugged coast...beach towns tuck between golf courses...highland communities boast towering castles and cathedrals...rivers and vineyards provide rural retreats…”
  • The weather is hard to beat: Portugal’s temperate climate allows plenty of time for outdoor activities—from biking to hiking to water sports.
  • Healthcare: Both public and private Portuguese healthcare is widely available, affordable, and excellent.
  • Extremely affordable cost of living: Portugal offers the best-value living in Western Europe today — pairing low costs with rich cultural offerings and beautiful, historic surrounds anywhere you go.
  • Modern amenities: Good Wi-Fi, efficient electricity, well-connected public transportation and three international airports that make Portugal an excellent jumping-off point for exploring the rest of Europe with cheap and frequent flights.
  • Easy, low-stress lifestyle: The Portuguese have a way of making everyone feel welcomed and daily life reflects their appreciation for life’s simple pleasures.
  • Incentives for foreign residents: Lower property costs, special residency programmes as well as tax incentives are other reasons why Portugal is so attractive for foreign retirees.

›› Why Portugal is the perfect place for your retirement

 


Stage of some of the best events in the world

In 2020 Portugal will also continue to be in the spotlight during some of the world's most important global events.

Among these, one of the world’s biggest music festivals will take place on June 20, 21, 27 and 28, at Parque da Belavista in Lisbon. This year’s edition of Rock in Rio Lisboa will join music fans from all over the world to hear bands such as The Black Eyed Peas, Camila Cabello, Foo Fighters or The National, among others.

Lisbon will also host what Forbes considers to be "the best technology conference on the planet". From 2nd to 5th November, the 2020 Web Summit will once again bring to Portugal the people and companies that redefine the global tech industry worldwide.

Portugal Realty - Events in Portugal 2020 - Web Summit Lisbon



Regardless of what the future holds, Portugal remains a beacon of light for all those who seek a better lifestyle. A place where the simplest pleasures are a way of life, and everyone feels welcomed and safe:



If you’d like to know more about living in Portugal or are currently searching for a property for sale in the Silver Coast or the Algarve, give us a call.

We’d love to help you make 2020 an unforgettable year!


Portugal Realty™ - Properties for sale in Portugal

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