British retirees find their sun in Portugal
Monte Da Palhagueira caters to those who are attracted to its mild climate and lower cost of living
Monte Da Palhagueira, Portugal
WITH its Anglican church and English gardens, Monte da Palhagueira is a British outpost in southern Portugal, an "El Dorado" for European retirees due to its generous tax incentives and sunny climate.
But there are conditions to living there - residents must be more than 55 years old and have a sizeable nest egg of British pounds.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US renters seeing chance of owning a home at record low: NY Fed survey
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
China home sales slump 47% over May Day holiday vs 2023