Why Americans and Canadians Are Moving to Portugal

Economic Recession: A Global Challenge

The global recession of recent years has had a profound impact on countries such as the United Kingdom and the United States, resulting in economic difficulties and significant uncertainty. Inflation reached historically high levels, energy prices remained volatile, consumer confidence dropped, and markets experienced sharp declines. Despite these challenges, both the US and the UK managed to avoid a major economic collapse, although the outlook remains uncertain.

The effects of the recession were felt through job losses, wage reductions, and a rising cost of living. In contrast, Portugal managed to keep the damage under control. Portuguese exports reached record levels, and tourism continues to grow above pre‑pandemic numbers, strengthening the national economy.

Portugal’s Appeal: A Resilient Refuge for Expatriates

Portugal remains one of the most attractive destinations for expatriates seeking a better quality of life. This appeal is driven by several factors:

• Stable economy

• Favorable climate

• Exceptional safety — Portugal is among the safest countries in the world

• Welcoming environment

• Rich cultural and historical heritage

The country has become an ideal destination for those seeking a balanced, safe, and culturally enriching lifestyle.

Key Factors Behind Portugal’s High Quality of Life

Pleasant Climate & Nature

With a Mediterranean climate, Portugal offers warm summers and mild winters, creating comfortable and appealing living conditions.

Welcoming Communities

The Portuguese are known for their friendliness and hospitality, making it easier for expatriates to integrate.

Safety and Security

Portugal consistently ranks among the safest countries in the world, offering peace of mind for living and working.

Rich Culture and History

The country offers countless opportunities to explore heritage, gastronomy, traditions, and cultural events.

Accessible Life & Health Insurance

Expatriates benefit from affordable insurance options and a reliable public and private healthcare system.

Strategic Location

Portugal serves as a gateway to Europe, the US, and Canada, with excellent air connections.

Cost of Living Comparison: Portugal vs. UK and USA

One of the strongest reasons expatriates choose Portugal is its lower cost of living. On average, living in Portugal is:

• 30% cheaper than in the United Kingdom

• 20% cheaper than in the United States

This allows for a higher quality of life with lower expenses in housing, food, transportation, and taxes.

Tailored Tax Regimes: Attracting Foreign Residents

Portugal continues to offer competitive tax regimes for foreign residents, with significant benefits for skilled professionals, retirees, and investors.

Portuguese Real Estate Market: Opportunities and Trends

The Portuguese real estate market has remained resilient, with continuous growth, especially in the rental sector. Data from INE shows:

• High demand for residential properties

• Limited rental supply

• Stable and attractive yields

• Historically high sales volume in recent years

This resilience is driven by:

• A stable economy

• Strong investor confidence

• Favorable tax regimes

• Consistent international demand

Considering a Move to Portugal?

With a growing economy, accessible cost of living, and competitive tax policies, it’s no surprise that British, American, Canadian, and European expatriates continue to choose Portugal.

If you are considering living or investing in the country, we would be delighted to guide you through every step of the journey.