Perched on top of the famous seven hills, Lisbon offers sunny climes and a laid back lifestyle. Settlers here can expect a good standard of living, generous tax regime and to live in a picturesque landscape that never fails to delight.
But if you’re thinking of moving to Portugal, what do you need to consider before you choose Lisbon?
Read on as we explore Portugal’s pros and cons.
Why Lisbon?
It’s easy to see why moving to Portugal’s capital city could be an exciting and life changing opportunity – particularly with the growth of an international community.
But is Portugal a good place to live? Is Lisbon safe? Is it a great place to raise a family? Let’s find out.
Architecture that marries modernity to tradition, a rich culture, vibrant music and spirited language are all significant draws for families, entrepreneurs and retirees alike.
Property in Lisbon is attractive but it can be hard to find. Urban apartments, elegant homes in the Campo de Ourique or contemporary waterfront homes dotted along the Tagus River offer desirable options for all tastes. House prices within the capital are more expensive so it might be worth renting to begin with – as you search for what you want.
With the city providing the seventh fastest high-speed internet speed of any EU member state, it’s becoming a hub for innovation and technology events.
Lisbon also boasts an excellent selection of public and private schools, and it’s regarded as Portugal’s academic capital – not to mention free healthcare, which is financed through Portugal’s public healthcare system.
Home to many beautiful beaches – all within reach of the city – Lisbon has an average of 299 sunny days a year, so plenty of chances to lay your towel out on the Costa Caparica or Praia de Carcavelos beaches.
And reassuringly, Lisbon is a safe place to live. Its crime rate is lower than many other European cities.
Understanding your needs and goals
It’s key to seek out the services of an experienced real-estate agent who can help you find the property that’s right for you and your family.
Before you commit yourself to a future in Portugal, it’s worth pinning down exactly what you want from your life there – the pros and cons associated with making the move. You can employ a realtor or buyer's agent to help. A realtor works for the seller, whereas a buyer’s agent adds a layer of impartiality.
Taking on a new approach to real estate, we’re able to listen to your requirements, short-list properties and advise you on locations that will be a perfect match for you. We organize viewings and liaise directly with local vetted agents and lawyers.
At Rizein LDA, we pride ourselves on our buyer’s first vision. Our sole focus is to provide you with the support and guidance you deserve. We simplify what can be a complicated regime, so you can focus on realizing your dream.
What to consider before moving to Lisbon
Moving to Portugal brings with it many advantages...the cost of living in Lisbon is favorable to many other parts of Europe. However, housing can be difficult to source and expensive. A typical one bedroom apartment will cost between €800 and €1200 a month.
Before you move to Portugal, spend time looking into visa and residency requirements. You’ll need a temporary residence permit to move to Portugal long-term. This can be renewed every year for five years. At this point, you can apply to switch to hold permanent residence.
Bureaucracy can be a slow moving machine in Portugal so be prepared to wait for things. Most officials will speak some English but you can help yourself by:
- Choosing your professionals carefully
- Learning a little Portuguese
- Making sure you have all the appropriate documents
- Using official websites
- Being courteous and respectful of Portuguese ways
In Portugal, residents are taxed on their world-wide income. The tax regime is generous but you do need to understand how it works to ensure you pay what you owe.
- Anyone residing for more than 185 days in Portugal will pay tax there
- You will need to register yourself
- The tax year starts on January 1st and ends on 31st December
- Returns are submitted between April and June
Best neighborhoods to live in
1. Chiado
Chiado is located in west Lisbon and is considered a classy part of the city. It’s where many of the high-earners live and you’ll find exquisite bars and eateries, theaters and prestigious boutiques here. You’ll experience a happy medium between laid back tourist and rustic, local charm.
2. Parque das Nações
Parque das Nações sits in the west of the city’s districts. It boasts all the conveniences you may need, a high level of security and a sleek skyline. Close to the international airport, it suits those that travel regularly and it’s family friendly. If you’re relying on public transport, this district might not meet your needs.
3. Alvalade
Alvalade provides excellent infrastructure links and is packed full of amenities that make it a great area for families to live. There are parks to access but it is someway out of the center and from the Tagus River.
Finding your perfect fit
Using our Moving to Portugal Pros and Cons List below will help you to consider your options and opportunities.
- What are schools like in the district I am interested in?
- Can I continue my tech job remotely? What internet services are available?
- What visa/work permits do I need?
- Do I know the laws?
- Do I want to buy a property or is a rental/short-term rental more appropriate?
- Is Lisbon safe? Which district will suit my needs best?
- Do I need to speak the language?
- How will my family adapt to the move?
Research as much as you can. And, if you’re in a position to do so, take a short-term rental to immerse yourself in city life. People here are welcoming and happy to answer your questions.
Moving to Lisbon made easy
Rizein LDA was born out of a desire to transform the real estate landscape in Portugal. Why? We experienced our own challenges when we started life here – driving us to help other internationals avoid the same difficulties.
We understand you’re looking for a seamless move to Portugal, and we’re ready to facilitate this.
We fell in love with Portugal – now we want to help you do the same.
Just fill in our Rizein LDA contact form and watch your dreams come true.
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