“[Ben] Mitas and his wife, Megan, moved to Portugal from Florida in 2019, renting a four-bedroom apartment for 2,500 euros (or about $2,700) a month in Campo de Ourique, a quiet neighborhood with small shops and restaurants. Last year, they bought a 19th-century house in Lapa …,” the Times writes.
“For the Portuguese, with an average salary below €20,000 a year in 2021, the influx of Americans and subsequent rising prices are unsustainable,” the newspaper adds later.
According to, Rachel Sanderson, writing for Bloomberg, “Southern European policymakers won’t give up offering incentives to lure the restless global elite. A toxic mixture of long-term low growth, high debt and stubborn unemployment
Endless summers, as exemplified by a song by the this Paris-based folk-rock band.
Requests for golden visas are only valid if they were filed by February 16, 2023 — the date on which the Portuguese government unveiled its package of measures to address
Lisbon, Porto, and Cascais are where North Americans are looking most for houses to buy and rent, according to data from idealista cited by TPN.
“Average rent in Lisbon is now just over €2,000, while the minimum wage is about €760,” Antonio Fernandes writes in an article looking at people who are on the verge
“The interest is not new, but it became more evident during the pandemic, a period during which Portugal “proved once again to be a country that offers extraordinary conditions for people to live in,” according to JLL’s Head of Residential, Patrícia Barão, Idealista writes.
There were about 7,000 Americans living in the country at the end of 2021, more than double three years earlier.
How the ancient bollards along Lisbon’s waterfront got a makeover that was inspired by covid, azulejo tiles, blueprints, machinery, and graffiti.
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