Portugal and the art of living and aging gracefully

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Here’s what makes a country the best place to retire in the world…

Portugal ranked 4and in the “Best Places in the World to Retire in 2022” in International Living’s 2022 Global Retirement Index based on the experiences of their global sources. Money.co.uk also ranked Portugal 2n/a healthiest country to live, Lisbon arriving 3rd among the 20 healthiest cities in the world, and Porto in 13and position. “Our mortgage experts rank good food, good company and good transport links as ideal for the people who live there… Our report is based on life expectancy, cost to be healthy , air pollution, obesity rates, safety and hours of sunshine”.

In 2021, Portugal was widely regarded as one of the healthiest and cleanest places to live. While the baby boom generation or “boomers” (those born roughly between 1946 and 1964) are less picky about their food than millennials who love the rise of the poke bowl, the Acai superfood in everything and d he other whimsical trends that have hit Portugal, the older (and wiser) people have long realized that Portugal offers much more than fresh produce, the best seafood and healthy living.

Food certainly, but also family and nature have always been important to the Portuguese. Well ahead of the post-Covid trend, they value authentic, simple living and the nature that surrounds them. Portugal’s award-winning beaches and nature reserves in and around its capital, Lisbon, mean its citizens are pretty spoiled. Infrastructure, connectivity, an affordable and impressive healthcare system and excellent higher education help make life easier. Notoriously the 4th in the worldand the safest nation, stability and peace are things that the country holds dear and the Portuguese people themselves are calm, caring and respectful towards elders.

Last week, US News & World Report ranked Comporta in Portugal as the best place to retire abroad. Americans, along with Brits, were among the fastest growing demographics to buy homes in Portugal in 2020 and 2021. Americans, dubbing Portugal the “California of Europe,” without the high prices of l real estate for now.

Property giant JLL Portugal has released its 2021 snapshot highlighting the elderly market as one of the key alternative property markets showing growing attractiveness as Portugal joins the premier league of the European portfolio, with some 100 000 units in existence, 17,000 in the pipeline and a projected shortage of 17,000 by 2025 given the country’s growing popularity on the European continent partly due to tax breaks, as well as the continent struggling with one of the oldest median ages in the world alongside Japan, all looking to find their home away from home.

However, American retirees may have more purchasing power than most. According to an article in the New York Times, baby boomers overtook the silent generation in real estate wealth in 2001 and have yet to cede that position, holding a combined 44% of real estate wealth in the United States according to statistics. of the Federal Reserve.

Historically, wealthy retired American citizens are no strangers to the air quality in Portugal and would retire or spend seasons on the ‘linha’ off Lisbon, particularly around the Parede condos overlooking the Atlantic Ocean for the offer of natural thalassotherapy which was essentially free of charge.

Part of the attraction were the vintage sports cars that once (and now swan) raced the beautiful coastal road from Lisbon to Cascais where the royal family vacationed and spies gathered during the height of the Cold War. Portuguese and foreign retirees who choose this part of the world to settle certainly know how to live.

Tracey Martin, Head of Governance at EQTY CAPITAL confirms that “Besides the obvious combination of lifestyle, culture, history and security, Portugal has a world-class healthcare system, a temperate climate and spectacular scenery and nature. All of these factors make Portugal an obvious choice for senior life and retirement.

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