The Algarve, Portugal’s famous southern coast, is known for its magnificent beaches, ideal temperature, high quality of life, and historical significance. For many tourists, it is not only a vacation destination but also a place to live because of its rich culture, diverse cuisine, low costs, and laid-back lifestyle. Expats and retirees from the United Kingdom, the United States, and a variety of other countries have made Algarve their second home with the help of Portugal Golden Visa and other options.
Algarve has a 438,406 permanent population and covers an area of 4,997 km2. Expats account for 10% of the population, according to Pordata statistics. Because of the region’s expanding popularity, this percentage is projected to rise.
The Algarve is a historical Portuguese province in the south. The Atlantic Ocean surrounds the region on the south and west sides, while the Guadiana River covers the area on the east. The Algarve is around 280 kilometers south of Lisbon. Depending on the form of transportation, the journey between two regions takes three to four hours.
What is it like to be a resident of the Algarve?
The Algarve is well-known throughout the world as a lovely vacation spot. However, the region’s high quality of life makes it an excellent area to live and retire.
Reasons to consider relocating to the Algarve
The Portuguese national healthcare system, or Servico Nacional de Saude (SNS), follows the worldwide care system. Residents of the Algarve have affordable access to high-quality health care. Furthermore, the region has seen a significant increase in medical tourism in recent years. If retirees are also looking for hip replacement, aesthetic, and dental care services, this is a terrific location to look.
The Algarve’s Cost of Living
If you have a limited retirement budget, the Algarve may be the best option for you. The cost of living in the Algarve is 30% lower than in any other Western European country. A retired couple can live well in this region for about €1,099 per month. €1,800 will be enough if you desire a more opulent existence.
Options in Real Estate
If you prefer to buy a home, the Algarve offers a wide range of alternatives. The real estate options here are endless, ranging from magnificent homes to inexpensive townhouses. We recommend speaking with a real estate professional to help you narrow down your options based on your needs and budget.
We all need a little retail therapy now and then, regardless of our age. The Algarve has many excellent shopping complexes for seniors. MAR Shopping is one of the largest shopping centers in the city, with 86 stores, including an IKEA, 25 restaurants, and 8,000-square-meter leisure space. There are several local markets where you may get fresh vegetables and snacks. You’ll be able to buy fresh and seasonal food at these markets, which reflect local life in the area.
One of the reasons people fall in love with this place is because of the weather. The sun shines for about 300 days a year, and the climate is mostly steady, with Atlantic and Mediterranean influences. Fortunately, instead of rain, you’ll have more sunshine.
Access to Europe
Flights to Faro are accessible all year round from major European cities. Many low-cost and national airlines serve this airport. And once you arrive, you’ll be pleased by the excellent road system that connects the core urban areas. You may easily travel around Europe during your vacation in the Algarve thanks to transportation facilities and pricing.
Quality of Life in the Algarve
Portugal is one of the world’s safest and most peaceful nations. The locals are quite nice and welcoming. The cuisine is very distinctive. Algarve provides a high quality of life due to its calm, safety, facilities, and beautiful scenery.
Flexibility in Taxation
The country’s legislation permits overseas retirees to receive their pension tax-free for a period of ten years.