Portugal: The Worlds #1 Retirement Haven FREE Report

PORTUGAL: WORLDS #1 RETIREMENT HAVEN






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    Eastern Algarve, Portugal

    Quaint Life In The Eastern Algarve

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        Ferragudo, Portugal
        Adobe Stock/Piotr

        Quaint Life In The Eastern Algarve

        The Eastern Algarve is the region between Faro and the river Guadiana, which separates Portugal from Spain.

        Most importantly, this area of Portugal is very safe, with little crime and a laid-back lifestyle for expatriates.

        You might be surprised to find out that you can live well in Portugal for less than you’re currently budgeting.

        The cost of living in Portugal is among the lowest in Western Europe, on average 30% lower than in any other country of the region. A retired couple could live here comfortably but modestly on a budget of as little as 1,100 euros or 1,200 euros per month.

        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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          Table Of Contents

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            Cost Of Living In The Eastern Algarve, Portugal

            Apartment Or House Ownership Budget (For A Couple)

             
            Expense Monthly Costs Notes
            Mortgage 3% to 4% It’s difficult to get a mortgage unless you deposit comparable funds in a Portuguese bank account.
            HOA Fees €34 This can range from €0 to €100 depending on the unit size and value as well as property amenities.
            Property Taxes €37.5 About €450 annually. If over 1.2 million euros, the cost is 3%. If you purchase a small unit, the value of that unit may qualify for a special program that waives property taxes for the first three years of ownership. Ask your real estate lawyer if you qualify.
            Transportation €70 New cars range from €14,000 and up. Extensive coverage car insurance ranges from €350 per year and up.
            Gas €10 to €12 Using a water heater.
            Electricity €100 With heating and air conditioning in each room, plus costs for appliance-use and cooking. These figures are based on a 125-square-meter, ground-floor, condo apartment built in 2007 with a B+ energy rating. Heating and air conditioning costs will be affected by your energy rating.
            Water €50 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
            Cell Phone Included in internet bill.
            Internet €85 MEO brand bundle includes service for two cell phones, plus basic HG cable TV with music channels, Portuguese, English, French, and German programming, and high-speed, fibre-optic Wi-Fi.
            Cable TV Included in internet fee.
            Household Help €40 For bi-monthly, four-hour visits. The standard rate is €7 per hour.
            Entertainment €434 Eating out twice a week at a mid-range, local restaurant: €60 to €70.
            Local drinks twice a week at a nearby watering hole: €20 (€8 to €10 for a bottle of wine; €3 for a beer).
            Movie theater trip twice a month: €36 (€6.50 each for seniors, plus snacks).
            Groceries €160
            Gym Membership €70 Rolling membership at Hitio Gym or pilates classes twice a week.
            Medical Appointment €30 Cost for private GP and medical specialist visit at Taviclinica. Dental check-up/cleaning at Ecodenta is €60.
            National Health System charges tax only on visits (€4) and basic tests (upwards from €10). However, no dental or specialist services are available at the local health center.
            TOTAL €1,120.50 to €1,122.50

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              Apartment Or House Rental Budget (For A Couple)

               
              Expense Monthly Costs Notes
              Rent €500 to €600 One-bedroom, unfurnished apartment in the city center: €500.
              Two-bedroom, unfurnished apartment in city center: €600.
              Three-bedroom apartment in a modern urbanization (with a parking garage) in walking distance to downtown: €800
              Transportation €70
              Gas €10 to €12 Using a water heater.
              Electricity €100 With heating and air conditioning in each room, plus costs for appliance-use and cooking. These figures are based on a 125-square-meter, ground-floor, condo apartment built in 2007 with a B+ energy rating. Heating and air conditioning costs will be affected by your energy rating.
              Water €50 Including water, sewage, garbage collection, and community landscaping provided by Tavira Verde.
              Cell Phone Included in internet bill.
              Internet €65 MEO brand bundle includes service for two cell phones, plus basic HG cable TV with music channels, Portuguese, English, French, and German programming, and high-speed, fibre-optic Wi-Fi.
              Cable TV Included in internet fee.
              Household Help €40 For two-hour visits, every other week. The standard rate is €7 per hour.
              Entertainment €434 Eating out twice a week at a mid-range, local restaurant: €60 to €70.
              Local drinks twice a week at a nearby watering hole: €20 (€8 to €10 for a bottle of wine; €3 for a beer).
              Movie theater trip twice a month: €36 (€6.50 each for seniors, plus snacks).
              Groceries €160
              Gym Membership €70 Rolling membership at Hitio Gym or pilates classes twice a week.
              Medical Appointment €30 Cost for private GP and medical specialist visit at Taviclinica. Dental check-up/cleaning at Ecodenta is €60.
              National Health System charges tax only on visits (€4) and basic tests (upwards from €10). However, no dental or specialist services are available at the local health center.
              TOTAL €1,529 to €1,631

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                Penny-Pincher’s Budget (Bare Minimum Costs, For A Couple)

                 
                Expense Monthly Costs Notes
                Rent €350 Cheapest part of town; basic one-bedroom rental.
                Public Transportation €60
                Gas €10 Only using a water heater.
                Electricity €70 Including electric heating but not air conditioning, clothes dryer, or dishwasher use.
                Water €30 Including washing machine use.
                Cell Phone
                Internet €42 Most basic internet package bundled with cable TV and cell phone.
                Cable TV
                Entertainment €175 Including eating out for lunch twice a week (€20) and for dinner twice a week (€40).
                Groceries €160 All local-brand items only, shopping at markets and grocery stores.
                TOTAL €897
                Check currency conversions at today’s exchange rates.
                Kathleen

                Reviewed By Kathleen Peddicord

                Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

                Start Your New Overseas Life Today

                A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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                  Table Of Contents

                  Eastern Algarve, Portugal- FAQs

                  The eastern Algarve, known as the Sotavento, is peaceful and natural, mostly free from the crowds of mass tourism. In contrast, the western Algarve, referred to as the Barlavento, provides all the amenities that tourists seek, like beachfront hotels, while still keeping its unique charm.

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