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Portugal, once a haven for affordable living, is now starting to face Northern European-level rents while maintaining much lower minimum salaries, making it a challenge for both locals and expats alike. The phasing out of the Non-Habitual Residency tax benefits and the uncertain future of golden visas add to the financial unpredictability, diminishing the country's previous allure for those with foreign income. Although public transport and some services remain cheaper, overall costs, including groceries and dining out, are climbing. As a result, many are now considering other European destinations like Spain, Greece, and Romania, which offer lower living costs and new incentives. Despite these challenges, living in Portugal continues to attract those who appreciate its unique lifestyle, but thorough research is crucial for expats to determine if moving to Portugal still fits their financial and personal needs. In this living abroad expat podcast episode of Not Your Average Globetrotter, hosted by dual citizen expat Rafael Di Furia, we'll go over the current cost of living in Portugal, the impact of policy changes, and alternative European destinations for expats.
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