A new law which will reduce income tax rates for single persons with property to rent, creating tax breaks for those wanting to build housing to rent out at affordable rents, has been passed by the President of the Portuguese Republic.

Portugal has been ranked as the best place in Europe, and the fourth in the world, for retirees. According to the 2022 Annual Global Retirement Index from International Living, Portugal once again has been highlighted as a top destination for people from around the world to retire to.

Algarve and Porto are in the Top 10 of the world's luxury residential markets, according to The Wealth Report.

The Algarve won the award for the best beach destination in Europe, announced this Friday, 22 October, the organization of those considered as the “Oscars of Tourism”. Hotel units in the region received eight more awards.

Portugal is still offering residencies to those seeking to live outside UK – even when they want to bring their extended family with them. With Brexit having taken full effect, many UK clients who have plans to come and live in the Algarve have many questions. The Golden Visa has been one of the option many UK clients have considered, but there are other much better options that we advise for most people who actually want to come and live here. The Golden Visa is ideal if you wish to carry on living and working in the UK and does offer all the benefits of normal residency. But if you plan to actually live here, the simple D7 residential visa is the solution. For the thousands of Brits who have lived here since long before Portugal joined the EU in 1986 this is no surprise. Then like now, British nationals were welcome to take up residency in Portugal and there is no need to incur the costs associated with the Golden Visa.