Many Britons who reach retiring age decide to spend the rest of their lives overseas in the sun, and for many that means Portugal. There are around 60,000 Britons living in Portugal, not all of them retirees. Those who go there to work very often go to Lisbon, which is a somewhat more expensive place to live than other parts of the country, but a lot of people who don’t need to work choose the Algarve.
Many Britons who reach retiring age decide to spend the rest of their lives overseas in the sun, and for many that means Portugal. There are around 60,000 Britons living in Portugal, not all of them retirees. Those who go there to work very often go to Lisbon, which is a somewhat more expensive place to live than other parts of the country, but a lot of people who don’t need to work choose the Algarve. While property prices have risen there in the last five years, it is still possible to buy a home there for less than €200,000 (£170,000). So if you have just sold your home in the UK for £400,000 it leaves you with a nice little nest egg.
Read More: Algarve removals to Portugal
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