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Cost of living in Portugal is 26% cheaper than UK

22.01.23

New 2023 figures from Numbeo have revealed that the cost of living in Portugal is, on average, now 26.3% lower than in the UK. Key to the more affordable lifestyle in Portugal is the cost of food, with everything from everyday groceries to eating out costing more in the UK.

A meal in an inexpensive restaurant in Portugal costs €8.25 according to Numbeo, while a three-course meal for two in a mid-range restaurant comes in at €40.00. Equivalent meals in the UK cost £15.00 and £55.00 respectively. In the supermarket, meanwhile, small price difference on everyday items quickly add up. A litre of milk in Portugal costs €0.74; in the UK it is £0.99. A kilo of rice costs €1.08 in Portugal; in the UK it is £1.38. A mid-range bottle of wine in Portugal will set you back €4.00, while in the UK you would pay £7.00.

Utilities are also significantly cheaper in Portugal, averaging €110.95 per month for an 85m2 apartment, compared with £186.73 in the UK.

While affordable homes in the sun are often firmly in the sights of retirees, families with young children can also benefit from the lower cost of living in Portugal. A month of preschool/kindergarten costs an average of €347.48 in Portugal, compared to an eye-watering £1,023.97 in the UK. Attendance at an international primary school is also twice as expensive in the UK as it is in Portugal (£13,579.95 per year versus €7,523.69 respectively).

Portugal is well suited to families in other respects too. Numbeo’s data scores it as high (68.47) for safety, while the UK scores moderate (52.92). Portugal’s pollution score, meanwhile, is low (30.55) while the UK’s is moderate (40.44).

Property is also far cheaper in Portugal than it is in the UK. In Portugal, the average price per square meter to buy an apartment is €2,938.35 in city centre locations and €2,036.29 elsewhere. In the UK, those costs rise to £4,349.62 per square metre in the city centre and £3,208.30 outside of it.

Alda Filipe, Sales and Marketing Director, Kronos Homes comments: “Portugal is so much more affordable than the UK in property terms. The average house price in the UK was £281,272 in December 2022. Here in Portugal, that’s enough for a brand new apartment by the sea, with extensive on-site sporting and dining facilities. Buyers can get far more value for their money in Portugal, which is why so many choose to purchase homes here.”

Portugal is popular with both second home owners and those who choose to move overseas in search of a more affordable and higher quality lifestyle. At the stunning Amendoeira Golf Resort near Silves in the Central Algarve, two plus one bedroom duplex apartments are priced from €475,000 . Families living or holidaying at the resort, which is owned and operated by Kronos Homes, have everything they need in the local area, from schools and healthcare to a wealth of shops, cafés, restaurants and other amenities. There are beautiful sandy beaches nearby, while the Algarve’s excellent digital connectivity supports easy working from home.

Another part of the appeal of Portugal, in addition to its lower cost of living, is the climate. The Algarve enjoys around 300 days of sunshine per year, meaning an active, outdoor lifestyle is far more achievable than it is in the UK. This is reflected in the breadth of sporting amenities available at Amendoeira Golf Resort. There are two 18-hole golf courses on site, along with an illuminated nine-hole course (the only such course in Portugal), a professional grass football field, two AstroTurf five-a-side football fields, six tennis courts, two padel courts, a jogging track, a playpark and two communal swimming pools. For those days when it does rain, there are gym facilities to support residents to achieve their fitness goals, whatever the weather.

Alda Filipe concludes: “Access to all of this is cheaper than the cost of the average home in the UK. With the cost of daily expenses also lower, Portugal delivers a compelling case for those considering a move overseas.”

www.amendoeiraresort.com/en/

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