Cost of living in Portugal

The rising cost of living in Portugal, as a consequence of inflation exacerbated by the war in Ukraine, as well as poverty and social exclusion are the issues of most concern to the Portuguese, according to the latest Eurobarometer. According to the latest European statistical report, released on 1

Since March 2022, a month after Russia invaded Ukraine, the cost of building a new house in Portugal has been skyrocketing, in line with the rising inflation rate. Since then, the year-on-year rise has always been more than double digits.

With the start of the new year, there are always those who plan to change their lives completely, and in many cases, this involves moving abroad.

The Well-Being Index (IBE) in Portugal fell slightly in 2021 compared to 2020, from 45.8% to 45.7%, according to data published at the end of 2022 by the National Statistics Institute in Portugal (INE).

Christmas in Portugal for most people means gifts, socialising, food and celebration. However, the inflationary scenario in which the country currently finds itself does not favour families.

The European Commission (EC) has unveiled its autumn macroeconomic forecasts for 2022 and 202 and, in general, it did not bring good news for Portugal. The EC revised inflation in Portugal upwards to 8% in 2022, although this is lower than the average for the Eurozone (8.5%).

High inflation continues to leave its mark in Portugal, with various foodstuffs and basic everyday products rising in price. When it comes to the cost of food in Portugal, this is the case, for example, with bread, which rose 15% in Portugal in August 2022 compared to the same month last year.

The prices of goods and services are usually updated at the beginning of each year. But the inflationary spiral that is raging in Europe is causing this update to be brought forward.

The Minister of Infrastructure in Portugal, Pedro Nuno Santos, has stated that the government is monitoring the pressure of rising interest rates on household income and is "prepared to study measures", in addition to the 2% limit introduced in the updating of rents.

The ghost haunting construction costs continues to hover over the sector in Portugal.

Portugal is bracing for energy cuts and will follow the example of other European countries, such as Spain, limiting the levels of energy consumption in public buildings, private companies, commerce, services, industry and also in family homes.

Lisbon is the 109th most expensive city in the world in terms of cost of living for expats, 26 positions lower than in 2021, in a ranking led by Hong Kong, according to a study published by Mercer at the end of June 2022.

When moving abroad, all things need to be considered, including the cost of living and specifics such as food prices. While Portugal is generally known for having low cost of living and being a cheap place to live, prices are on the rise.

The war in Ukraine is affecting the European economy more severely than other major economies such as the US or China, reflecting the geographical proximity and important trade relations between countries.

It's official: inflation in Portugal rose by 7.2% in April 2022 and hit a 29 year high. The Institute of National Statistics in Portugal (INE) confirmed that the year-on-year change in the consumer price index (CPI) was 7.2% in April, up from 5.3% in the previous month and t

Portugal gas and electricity prices in 2022: Portugal was the 10th country in the European Union (EU) with the highest electricity prices for domestic consumption and the 13th for natural gas in the second half of 2021, according to the Energy Services Regulatory Authority (ERSE).

Compensating the rise in prices of the real estate market is one of the priorities of the Regional Government of Madeira.

House prices continue to rise faster than wages in most of the 38 countries of the Organisation for Economic Cooperation and Development (OECD). And Portugal comes in fifth place on this list, with house prices surpassing salaries by almost 40%.

If you live in Portugal, whether full time as an ex-pat, or only part of the year in a second home, you will be accostumed to the low costs of living here. For the most part if you have your rent or mortgage payments under control, the rest is pretty manageable.

Keeping your house cool in Portugal's hot summer weather is no easy task. Many people find air conditioning to be the solution, but using it incorrectly can make your electricity bill skyrocket.

What is the poverty rate in Portugal? The risk of poverty increased in Portugal in 2020 and the poverty rate in Portugal in 2021 remains stable.

What is so special about the city of Braga?

Lisbon is the 83rd most expensive city in the world in terms of cost of living, moving up 23 places in the ranking compared to last year. This is according to a study by Mercer released at the end of June 2021. The ranking of the most expensive cities for expats is led by Ashgabat, Turkmenistan.

If you're planning on moving to Portugal in 2021, one of the key factors to consider is the cost of living. What is the average cost of living in Portugal? How much money do you need to live comfortably in Portugal? Where is the cheapest place to live in Portugal?

After an announcement earlier this year that IKEA would start selling solar panels in Portugal in partnership with the Spanish company Contigo Energía, it's now official and IKEA solar panels are already available to buy in Portugal.