If a change in circumstances has given you the opportunity of living in portugal, you will be pleasantly surprised. Portugal is a beautiful country to reside in, boasts much natural beauty, has a marvelous coastline, mountain greenery and countryside plains.
Portugal has traditional and modern architecture, boasts much art and history and is accompanied with such delights as her music, (Fado) dance and culinary fayre.
The cost to live in Portugal is still moderate when compared to the rest of western Europe, with the climate and relaxed way of living an added advantage.
Population and Area
The number of people that live in Portugal fluctuates at around eleven and a half million people with the land mass of Portugal covering an area of 35,553 sq miles.
Portugal is crossed by rivers rising in Spain and flowing to the Atlantic which are the Douro, Tagus, Sado, and Guadiana.
The river valleys support agriculture, and vineyards are maintained in the Douro and Tagus valleys. On the lower hillslopes there are olive groves; grains are grown and livestock are raised on the flatter uplands as well as on the plains near the coast.
Portuguese agricultural techniques are less mechanized than those of most of western Europe, and less than 10% of the gross national product can be attributed to agricultural production.
Wheat, corn, potatoes, tomatoes, grapes, sugar beets, and olives are the main crops, whilst sheep, cattle, and goats are raised.
The country’s fishing fleets bring in vital cargoes of sardines and tuna; fishing ports extend all the way from Cape St. Vincent in the south to the mouth of the Minho River on the northern Spanish border.
In addition to light industries such as food processing and textile, chemical, and paper and pulp manufacturing, Portugal has a limited variety of heavy industries. Low-grade coal, copper pyrites, iron ore, tungsten, and other minerals are mined.
Most of the mines are in the northern mountains and in Beira. Portugal’s forests provide a major portion of the world’s supply of cork.
Economy and Industry
The country has enjoyed considerable economic progress since it became a member of the European Community (now the European Union) in 1986.
Machinery and motor vehicles, textile fibers, petroleum, and cereals are major imports, and cotton textiles and wine as well as cork, other wood products, and fruit are major exports.
European Union countries are the main trading partners.
Portugal has seen much construction over the last twenty years with many homes for sale in Portugal being bought by the younger generations whom are starting to leave their parents at an earlier age and live in Portugal with their own families.
Property prices have risen steadily with homes sales in Lisbon and Porto seeing the greatest rises due to the influx of the young adults from the countryside seeking work and foreign buyers, many of whom have been taking advantage of the favourable residency and tax regimes.
The property market this year (2021) is continuing to be driven by Brazillians who continue to snap up the available properties in Lisbon and to a lesser degree Porto.
If you would like further advice on how to buy property in Portugal or you wish to sell property in Portugal, simply get in touch and we will do everything necessary to assist you in concluding a smooth transaction.
Remember there are many sources of information for new residents wishing to live in Portugal, with your local Embassy being a good place to start and where you will receive unbiased advice.
If you have made the decision to live in Portugal, let Living Portugal Property take care of your home requirements and free your time to truly LIVE Portugal.