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7 Reasons to stay in Algarve, Portugal

Algarve is a sophisticated and culturally rich southernmost region in Portugal. This place is sure to scatter sunshine in your life with its picturesque beaches and colourful coastal areas. Algarve boasts of having the best climatic conditions across Europe. It is no more just a renowned vacation spot but is a haven for retirees and expats. The UK isn’t far away from here; most of the expats in Algarve are British. 

Here are a few reasons why Algarve is winning hearts across the globe:

A happy place!

Portugal has regularly featured in the list of happiest places for the expats as it offers sunny beaches, real estate opportunities and a good quality lifestyle with an undeniably low cost of living. Since Portuguese is famous for cooking with seasonal ingredients, Algarve is renowned for fresh foods available in local markets at reasonable rates. It is the fresh seafood and vegetables that contribute to a better life expectancy than many other countries.  It is also known for its golf courses and has some of the best ones in entire Europe.

Algarve got some beautiful beaches!

Sunshine all the way!

Algarve is known as one of the sunniest places in Europe. In the summer, there is sunshine for over 10 hours in the day! The weather in the summer season is hot and dry with temperatures soaring up to the mid-30s while the winters tend to be wetter with a dip as low as 13 degrees. Many of the larger cities, such as Albufeira are sunnier and hotter than British seaside towns.

A secure family place  

The crime rates are very low generally in Portugal. For this reason, it has regularly been featured in the list of the world’s most peaceful countries. In fact, in the year 2020 Global Peace Index, Portugal is third out of 163 countries when it comes to overall safety. This makes Algarve a welcoming and warm region for families with children and senior citizens.

Rich culture and heritage

Algarve is home to various Moorish Castles, Roman ruins, churches and cathedrals. It is known for its Arabic heritage, which can be seen in its food, culture and architecture. Music is also a vital part of the country and you will get to hear the traditional Fado music everywhere you go. In the year 2011, Fado was granted World Heritage status by UNESCO. 

Expats love it!

According to a report by the Expat Insider, Portugal ranks third amongst 64 countries in aspects of leisure, lifestyle, security and medical care. Moreover, as Britain’s oldest ally, people have always been moving from the UK to Portugal.  For many ex-pats, the proximity of the Algarve to the UK is a factor that lures them to live here. This helps a newly retired couple to settle in warmly in fellow native English speaking community. 

Many low-cost airlines and national carriers are available to Faro throughout the year from some major European cities. 

Lenient Taxation Policies

The tax structure in the country allows the expat retirees to receive their pension tax-free for 10 years. Forbes and CNN both published articles in 2020, indicating the Algarve region to be the ideal location for retirement. The changes made in the retirement tax laws of Portugal made it yet more attractive for foreigners to relocate to Portugal for retirement. Also, the non-habitual tax resident regime (NHR) allows residents to benefit from a discounted flat income tax rate, instead of the regular rates that climb up to 48%.

Low cost of living and real estate options

If your retirement budget is constrained, even then Algarve welcomes you with open arms. The cost of living in Algarve is 30 per cent lower than any other country in Western Europe. On average, a couple can live here on €800 – €1,200 per month. It also offers numerous property options for you to buy, right from affordable houses in towns/ cities to premium luxury villas.

Summing it up

Algarve offers one a heaven for travellers and retirees alike with strolls along sandy beaches and alfresco dinners. However, apart from simple lifestyle perks, it also reassures one of a friendly social life and financial stability. Therefore it has already won the hearts of people globally, and is continuing to do so.

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