11 reasons the Algarve qualifies as one of Europe’s top retirement havens, relative to investing in property

1. Great weather

This region enjoys one of the most stable climates in the world with over 3,000 hours of sunshine per year, more than anywhere else in Europe, even more than Cape Town, and similar to California.  As a result, the Algarve has a longstanding reputation as a top summer destination amongst European sun-seekers, and a popular winter retreat for those looking to escape Northern Europe’s coldest months. It’s also a popular holiday destination amongst the Portuguese and Spanish. German and Dutch and more “alternative” tourists love the region’s wilder western coast, which is one of the world´s finest surfing locations, in fact the world record height of surfing a wave was just achieved by Andrew Cotton from the UK who surfed a wave for over 10 seconds at a height of over 25 meters.

images.jpg Safety



2.Retirement income is not taxed

Recent legislation allows resident foreign retirees to receive pension income in the country tax-free. The law also provides for reduced taxation on wages, intellectual property, interest, dividends and capital gains




3. Safety

Portugal ranks as the 17th safest country in the world and in the top 5 in Europe. Violent crime is rare, and petty crime is limited to opportunist street crime during the busy tourist season.




4. Good infrastructure

Portugal and the Algarve have enjoyed important infrastructure investments, specifically in the country’s highway network and airports. There is now a motorway E.22 running the extent of the Algarve from East to West, from the Spanish border at Vila Real da St Antonio to Lagos.

Lisboa_teleferico.JPG Infrostruktur


5. International-standard health care

Medical tourism is a growing industry in the region, particularly if you are interested the aesthetic, hip replacement and dental specialties, there are a number of Private Hospitals in the region, and even the National Health facilities are acceptable.




6. Golf 

The region boasts almost 50 courses in less than a 100 mile stretch and is generally recognised as a top golfing destination in continental Europe,….. and some would say the world.

images.jpg GOLF



7. Great beaches 

The Algarve’s 100 miles of Atlantic coastline is punctuated by spectacular rock formations, lagoons and extensive sandy beaches, many awarded coveted blue flags from the European Blue Flag Association. The water off these shores is azure and the cliff-top vistas are spectacular. Most beaches have lifeguards during the summer season. Many have top quality restaurants or beach bars some are open only seasonally but the majority open year round.




8. Affordable cost of living 

The is among the lowest in Western Europe, on average 30 percent 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 €1,000 per month. With a budget of €2,000 per month or more, you can enjoy a good standard of lifestyle in the sun.




9. English is widely spoken 

Thanks to Portugal’s strong historic and cultural links with England, English is widely spoken in the country and even more so in the Algarve, the country’s main tourist attraction. you could easily cope without learning to speak Portuguese if you wish.




10. Healthy living and eating

The Portuguese are the biggest fish eaters per capita in Europe, great variety of fresh fish is available in the daily fish markets, seasonal sardines a particular specialty.  In addition, the abundance of sunshine in this part of the world results in a lot of fresh produce being readily available in the local markets, as well as in the modern supermarkets.




11. Good value property market 

Real estate in Portugal is currently undervalued and among the most attractive in Europe and now that the recession is becoming more of a bad memory rather than a reality, buyers are taking advantage of the reduced prices. Furthermore, Portuguese real estate has one of the most favourable price-to-rent ratios. Additionally the tax rate on rental income has been reduced dramatically, resulting in investors achieving much better yields than in many other European countries.