Portugal has changed.. A LOT!
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- Опубликовано: 16 сен 2024
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Housing prices are so high because of the socialist government. They tax building materials like luxury items 23% VAT, 15000€ just for taxes and permits for building, burocracy, frozen rents which makes people not want to build to rent so Portugal has 600000 houses missing in Lisbon and Porto.
Plus the middle class has been heavily taxed. Prime minister Antonio Costa wanted to higher old car UIC, in some cases 1000%.
Back in the day before the Euro. Portugal was a hidden gem. It was very inexpensive to buy just about anything at bargain prices. Now, with the Euro Portugal, it has adopted a world-class lifestyle in its major cities. Portugal needs to change to progress with the rest of the world. This obviously is not easy . It takes generations for this to happen. New business and employment is detrimental for Portugal to succeed. Tourism has helped tremendously to sustain the economy. Let's hope this brings innovative people who are interested in joining the culture to make a difference. You guys have definitely helped in this process. Viva Portugal!
@@jccgoldthere are 48,000 homes in lisbon alone that are empty, and 750,000 in portugal. the local population absolutely does not require MORE luxury development. They cannot afford even the most garbage apartment for 800 euros a month. Taxing the rich on building luxury investment properties to encourage more millionaires from across the world to move there and pay lower taxes per % of income than working class people does not help anybody who needs help. Do you earnestly believe the rich getting richer will help anyone but themselves? Businesses make money in Portugal, the workers do NOT. The capitalist hellscape Portugal has become has nothing to do with socialism. Housing is a human right, and the majority of Portuguese will protest with signs saying “HABITATION OVER SPECULATION”. Being a landlord is not a job!! It is a way to exploit people below you who require housing to live, in order to make passive income off of their hard work and suffering. The people have reached a breaking point where they cannot even work 70-80 hour weeks and pay these rents without having debt. Rich people do not make the world go round, every day people do. EVERY person is important and deserves to have their needs met, especially if they are contributing everything they can to society. I know a wealthy man in Portugal. He asked me while we were sat in a cafe, why does everyone complain about poverty here in Portugal? the owner of this restaurant is opening a second location near here, and it’s always busy. I replied, because her workers make 750 a month and a room within 1 hour from here costs 450, food 200, transport 55… don’t be as ignorant as him.. wages must match inflation, rents cannot go infinitely up, food prices must be regulated and the rich must pay their fair share. I personally know people in portugal on every side of the spectrum, from billionaires to hungry people, and the poor work harder every single time while receiving nothing in return, not even dignity. if you love the country you must love all of it, and the portuguese working class is the heart & soul of the nation.
@@jccgoldAi acha que se fosse um partido de Direita no Governo não seria o mesmo?! Acha que se fosse o PSD ou o Iniciativa Liberal no Poder, seria diferente? Se fosse diferente, provavelmente seria ainda pior! Acha que ia por as casas todas baratinhas, devia ser!
Before Portugal became fashionable there were foreign cuisine restaurants already ! Of course there still are a lot of portuguese restaurants! Probably a lot of foreigners had the idea that in portuguese restaurants were all flooded by rats and cockroaches and unclean people serving, probably a lot of them though that our trains were all steam and cole trains and that we lived like in XIX century but of course there wasn't the case!😅
I'm very happy that you are talking about this. We moved here 9 months ago from Sweden and we are moving back to Sweden in February because it doesn't work for us. Like you said, the food is the same prices like in Sweden, cars are A LOT more expensive than in Sweden, our dog is not OK here and we would live on the street with a Madeiran salary. My hubby and I were joking to start a volg "the Truth about Madeira" or "We Survived Madeira". Where we live, up on the mountain, in a village, we just see the poor, native people suffering and the occasional rich American neighbours who live a decent life. And I love that you filmed this in the Manifattura di Gelato. We live above Arco da Calheta and eat there once a week. ❤️
It's perfect to come here on holiday, if you are retired with a decent pension and are ok to live in a bubble, if you are lucky (we had more bad luck here then in our entire life combined) or if you work in tourism/or for foreigners with money, but our morals don't align with that. We prefer the "hygge" society and "janteloven".
Im in the UK, it does seems to be about the sames prices as over here too, some things cheaper other more expensive.
Thank you so much for showing the world so much of this amazing country!
Our pleasure!
I love how both of you grew up, watching your earliest videos up to now! The glow up is real & so is the quality of the videos ❤.
Keep it up
Thank you so much!! Growing in life is constant process that never stops :)
Hey guys, we’ve loved your videos for the past two years, you’ve really inspired us to visit Portugal ASAP. Particularly, because we can see how much you also love Lara (the star of the show.). Did you realise that if you have an accident driving and Lara is sitting on your lap in the front seats, the front airbags would release into straight into her head and kill her? Lots of baby’s in car seats were killed in this way in the early days of airbags sadly. I just thought you’d like to know, sorry to be so direct, but I can see how much you love her. Thank you for all the time you put into your amazing videos :)
Hey Tony! Thanks for your wonderful message. Yes, we know it's not the safest solution, at all. We actually talked about this the very day we filmed this video, that we need to find a safe solution. She is just so damn cuddly and cute on that front seat. 😍
this is true. But if you are coming to Portugal, get used to it, and much more. Dogs are all over the place in cars, on the streets, and more
To say Portugal was a secret gem 7 years ago is a big statement. Portugal has always been a touristic destination for many Europeans, form more than 20 years and counting. Not to mention is the oldest state nation in Europe..
Algarve and Cascais yes. But Lisbon and Porto were off the map up until mid 2015
Along with Madeira, Azores and rural Portugal.
@@joenandamalie sorry but you are delusional mate.. Maybe on your tube channel which may have started 7 years ago. No disrespect I love your content but here you got it wrong.
@@joenandamalie Rural Portugal maybe and Madeira started in the late 90s
I’m not saying that you didn’t have a single tourist in these places. I’m talking small numbers back then versus huge numbers today. It has escalated on a crazy level!
Now you’re talking about the real issue! My first visit to Madeira was in 2007 and it wasnt particulary touristy place at all. Second visit was 2019 and oh boy had it changed in so many ways. Because I fell in love with Madeira with that visit, I’ve been following news and social media and it seems the recent years have been crazy. Housing prices have skyrocketed and the amount of tourism is booming. Im hoping to visit Madeira once again - would even love to live there, but it seems prices are getting out of hand for most typical europeans. The real issue is that the amount of (rich) Americans flooding to Portugal (and Madeira) are raising housing prices a lot. I could imagine its bad for younger generation in Portugal, because they cant find a reasonably priced housing. But anyway, it is what it is. Cheers from the chilly Finland! 🇫🇮
I am a young portuguese citizen and I approve this message. Young people in Portugal are struggling a lot to pay rent or housing. Not only in the big cities anymore, elsewhere also. Housing prices compared with our salaries don't allow us to leave ours parents house or to rent an apartment for example.
I planned to move to Portugal next year before the tax changes happened. I'm willing to pay more in taxes to contribute to a society that accepts me. I'm determined to move my business out of the US and pay Portuguese people 3 times the minimum wage or more. It's called Blaxit. Black people with the ability to find freedom elsewhere are leaving the US. See you in 2024 Portugal! 🤩
So America not good enough for you anymore? Can’t run away from yourself for sure.
I dobut you will succeed, but gl
what?? 3 times the minimum wage?? I want in! what is your business?
Welcome❤
Portugal is a racist country. Don't get it twisted. They imported more slaves from any other European country, and they enslaved them longer. I don't want to shatter your dreams, but Portugal has a lot of racism.
As you said in the beginning the whole world is changing not just Portugal, great presentation, you don't just move to a new country and expect to be catered, if I want to move to Copenhagen I would have to learn the language and the culture, not expect to be catered. Americans want Amazon service where ever they go.
as the saying goes"when in Rome do as the romans"
Yes, by 2030 this whole this is gonna change 😷
@@paulboston992glad to see some people realize what's going on.
Este casal devia de ser contratado pelos servicos do "TURISMO DE PORTUGAL", pelo menos tenho a certeza que teem muito mais sucesso em divulgar Portugal , que os mesmos canais do governo , obrigado e parabens pelo bom trabalho !!!
Eu digo isso tem anos. E desde que eles se mudaram para a Madeira tb. Nos pagamos tanto dinheiro por um logotipo do turismo que Madeira que é simplesmente horrível onde temos pessoal a fazer publicidade fantástica da nossa ilha!
😁😁Every second of your videos is a laughing matter. It is amazing to me how you manage to talk about serious issues that are of interest to anyone living, leaving or planning to live or leave Portugal and do it with so many funny moments and even straight to the heart thoughts covered in honesty and core values.
The end is priceless....! 😆😆😆😆❤❤❤❤
Well, in my opinion what you said is the true. Me as Portuguese, (from Madeira) i cannot afford to leave my parents house because the market is so expensive, everything is so expensive that even having a “nice” job i cannot afford enough to simply rent or buy a house and have money at the end of the month… but it is what it is currently and we have to deal with it…
The problem with Portugal has never been the people who come from abroad to live here, it has always been our governments and the options we make with how we manage our country. We are a bit like Italy in that respect, a very old culture of civilized and wise people... being ruled by utterly corrupt morons. It's easier to take a slice of the money that comes from abroad than to properly develop our own internal economy. So that is what they did all these years. Now things will change fast, because with the huge influx of money pricing the people out of their own houses they will have to resolve this issue or be put out of office, by force if need be, as people start getting desperate. There is no Portugal without the portuguese, it just becomes one big 3 star resort.
Don't worry, we will figure it out. And the Portuguese will not blame or target our imigrants here. We are above that. As a nation of emigrants ourselves we would be incapable of doing that. Hope I meet you two around the island someday. Cheers.
Quem dera a muitos países, da dimensão de Portugal, terem tido governantes como Mário Soares, Francisco Sá Carneiro ou António Guterres.
Well, considering that the third largest political party in this country likes to say that immigrants do not contribute to our society and live on benefits that the “poor Portuguese taxpayer” pays for, I guess that you are quite wrong when you say that we will not start blaming immigrants for our misfortunes, we have been doing it for quite some time and now a lot of people feel emboldened by the fact that there is someone in parliament who says the things that they want to hear.
This video is so necessary and thoughtful! You described the real reality of Portugal and I just loved seeing Madeira around, for I live there❤
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
Don't forget, it is the home SELLERS who set the price. No foreigner wants to pay higher prices than needed
@@simplylive2466 of course if there is to much demand the market is disrupted... Here or any place in the world.. the problem is that locals are becoming excluded. Easy to understand, if you want..
love your content so much :') there's always heated discussions on this topic but its so important that you show the portuguese perspective and show it as well as you do! even though two are in a lucky position financially it shows how in touch you are with local people.
at the end of the day, local people are the best thing about portugal. people blame the tugas who leave the country, but everyone is just trying to survive. they work hard for nothing, often rent a shared ROOM for 1/3rd of their salary.. in the end the tourist money only goes to the already wealthy people with property investments, hotels, restaurant groups etc. my boyfriend bartends in a restaurant that can sell 30,000 euros in one DAY yet makes less than 1000 per month. i hope people seeing this video can understand the friction and visit/immigrate with the proper intentions and be mindful about the country, and support the local movements calling for change 🙏
Your minimum wage level is too low. You boyfriend should get at least 2500€/ month, if the restaurant makes 30 k€ a day. I think corrupt goverment (and prime minister) is behind low wages, not foreigners. In scandinavia, workers are represented by trade unions and they go strike to lift up wages.
@@Marvilalove For sure! I think the government markets tourism thinking it improves the economy, and it brings in revenue, but also with rich foreigners there is an inflation occuring in which wages must be kept up. I agree with your sentiment, there needs to be change on the governmental level.
Every country has its drawbacks. Toronto, Canada, is insanely expensive. Average house is a million, and the cost of living has gone through the roof. The world has changed. It seems to have shrunken. I love Portugal, but I hate the beaurocracy. At least you have better weather and food. For me, visiting is good enough as there are tons of places with interesting views and cultures. It amazes me that you have done 400 videos about Portugal. Love watching you guys, so keep it up.
Yep, everywhere prices have gone insane. Big corps are buying up real estate like there is no tomorrow, which is why prices are so ridiculous. Bureaucracy is a pain, yes, but most of that can be solved by giving the work to a lawyer. Yes, it costs money, but it's a wonderful investment. Big hugs!
I’m a Portuguese citizen that immigrated to Canada with my family in 1990 when I was 10 years old. I have now returned to Portugal with my wife and son. Toronto was great once but it has changed and not for the better. Sure, Portugal does have its drawbacks but I’m willing to accept those and live here than having to live in Canada.
@@ivalterbaptista2305I came to Canada from Portugal in 89 and I was 7, now married with 2 kids and thinking of going back too. Toronto is headed in the wrong direction in my opinion and don't see another part of the country that attracts me.
@@likeaboss8282 My advice, do it! We were on the fence and one day just decided to do it. Couldnt be happier. Having said that, if you are going to do this, make sure you have some passive income. Jobs in Portugal pay a whole lot less then in Canada. As long as you have that you will be fine. Also if you are going to do this, i would advise you do this ASAP. NHR program (20% cap tax rate for the next 10 years) is ending as of Dec 31. The application will still be accepted in 2024 as long as you prove that you were planning on moving here in 2023.
@@ivalterbaptista2305 thanks for the advice, yes the main issue is work. I'm pretty good with stocks but the market is always up and down.
First you say you’re partly responsible for promoting Portugal immigration then you feel sorry for the consequences to the Portuguese people. The hypocrisy guys.
While I totally agree that all the prices have gone up ridiculously, especially compared to local salaries. But also remember that (with the exception of supermarkets/big corporation type stuff), it is actually the locals who are setting the selling/renting prices of houses, cars, furniture, local foods etc etc.
I’ve never understood how a person’s primary goal in moving to another country is to pay less taxes.
Yeah it seems idiotic. I’ve talked to people that were talking about moving to Argentina and Peru because their money goes so far. I asked them, “you do know their country is on the verge of collapse right?”. Not sure how that is better than just paying taxes in your home country.
Obrigada pela informação, pela vossa dedicação e pela forma positiva que falam sobre o nosso país
I will also be leaving next Summer once the kids finish the school year. I have been here for 6 years and as others mentioned, it is impossible for many people to find housing and the building quality is really bad. I refuse to pay those amounts for a house where I need to sit with 3 blankets in the winter. Public schools are not great and there aren´t enough teachers and the ones that our kids have are bad, at least 2 out of 3 teachers are not great! Yes, the health system is 'free' but you have to wait 8 hours in the hospital and we have been waiting to hear back from the healthcare center psychologist since June to have our kids tested for ADHD and Dyslexia. We also tried to go to a private psychologist who said they would call us back for an appointment. This hasn´t happened in 3 weeks. There are barely any playgrounds and parks around so kids have nothing to do apart from going to the beach. We pay for tutoring and homework help but the kids come home with homework that is incorrect. Yes, most of us come here because of the weather and because it is more laid back. But in day-to-day life and when so many things go wrong, it ends up being very frustrating, especially when it is about the kids!
That being said, I think it is a great country for certain people!
1 millions, 1 milhao, of immigrantes in a population of 10 millions are currently living in Portugal.
You inspired me during the pandemic to come to Madeira. I love it there! I’ve visited few times and stayed in different towns and even live in the middle of nowhere. I will say that it is still on my list… but checking out other locations is definitely important to me. It’s important to visit and live like the locals, before moving somewhere. I think that is why some people leave. I loved visiting one town during my first vacation, but living there for a week taught me that it was not the Camara for me.
Lisboeta here who lived abroad and came back in 2018 to Lisbon! And yup... this video is spot on. Thanks guys x
I think Portugal have a similar culture to what of Japan, where people have a big heart and follow orders, for which under the right Government, they are capable of grow a lot. It's kind of an economic miracle to be honest and you can see the appeal: its a safe and tolerant country. People also want to avoid the war nonsense in the East and the overall violence which risen since Covid. From that, Portugal has been gaining points. Yes, housing is tough but where in the Western World isn't? Wages are low, but so are the prices higher in many other things in the Western World. I also see very smart people in Governmental positions and other areas that assure such incremental growth. Maybe an interesting country to look for in the future
As American immigrants who moved her with our 3 small kids (youngest was born in Porto) I can say we have fallen in love with the people, culture, food and holidays. We didn’t move with the expectations of people adapting to us and only speaking English. Portuguese is hard to learn but I’m doing it. I’ve learned going placed were they don’t speak English has really helped me with my Portuguese. Love y’all’s videos 💚
Lara is such a well-behaved pup.
The true star of the show!
Ps. If I was wealthy, I'd move there with no other construction. But with a fixed, pension/social security income there are things that need to be considered. I'm concerned about being able to afford to live given the tax charge and having a house payment. I haven't heard about a "new NHR" so I'd love to hear more. I love the food, lifestyle and people but I physically can't afford to live there anymore. If you have a solution for me, please let me know!
I would have loved to move there. My plan was to buy a small house/condo with a 10 year mortgage so I'd have it paid off before the NHR expired. Now, sadly, I can't afford to live there and have a house payment on my retirement pension. It is very sad for me because I had my heart set on it. I'm considering other countries...but it's depressing. Oh well, I'll live somewhere close enough to visit.
The reality is, being Portuguese and having lived in Lisbon all my life, living here today is disgusting. I absolutely hate what Lisbon has become due to the turism. Id rather have a poor and decaying country than a gentrified one with rich foreigners and tourists everywhere. Our future (Portuguese natives that werent birthed into a a golden cradle) is very bleak.
The Portuguese that can strengthen the economy leave to contribute to others across Europe. How many Portuguese would move to Angola? You don't want a decaying country, be careful what you wish for. The Portuguese government is corrupt and ineffective. Don't blame the tourists for everything.
I get your point. In a way I agree, but it's a train that can't be stopped. This development is what every other major cities in Europe have seen, but most of them many years ago. I also don't like how EVERYTHING is commercialised to the point where you become nothing but a human transaction. Our visit to NYC was perhaps the greatest reminder of this. However, this is the state of the union. We can't do much about it.
It is a sad state of affairs and no mistake :nods:
The only bright spot is at least your influx of new people are wealthy and thus, in the long term, will enrich your country.
We, here in Britain, are importing a million a year of economic migrants pretending to be refugees - 25% of population is now foreign born ... and they are not of 'high quality'. They are draining our finances, bringing back lovely old diseases that we had gotten rid of and, worst of all, turning our cities into the sort of criminal hell holes they came from in Africa and Pakistan.
Like you, our government is not listening as they only see the numbers and want to stop our population declining. In a generation Britain will not be 'ours' any more.
great video and info,i'm a portugues living in canada and we have also noticed that even on my islands of sao miguel,azores things are more expensive because of how much tourism is coming in.
Portugal has changed. Try the USA since the 1970's
Joen: Driving with Lara on your lap, if you have an accident, even a minor one, can be very dangerous for her. Especially if the Airbag goes off!
Very familiar with Portugal since 2013 and this was a good honest video. Cheers from Cph 🥰
I am Portuguese and moved to the Netherlands 3 years ago. Watching this video made me drop a tear and made me want to come back. I miss my country so much!
the Nederlands is really a bad choice, especially when compared with our beautiful country and its wonderfull people...
It saddened me to see your video because it's so true and I prefer Portugal before, it was real now it's just made for tourists... very sad 😢😭 my dearest Lisbon has lost its megestical soul....
Sim era bonito ver o centro de Lisboa e Porto em ruínas, com os velhinhos a queixarem-se dos senhorios que não faziam obras mas esqueciam-se de dizer quanto pagavam de renda,mas nunca vi uma reportagem a falar das pessoas das aldeias que moravam também sem condições, a diferença era que a maioria era dona das suas casas e por isso não tinham direito a nada,há anos que os ingleses vêm morar para Portugal principalmente no Algarve e ninguém se queixava,até estavam contentes porque compravam casas,nem se queixavam dos emigrantes portugueses que compravam e continuam a comprar terrenos e a construir no seu país e isso também ajuda a inflacionar os preços das habitações
So true. Lisbon is not the same as it was 20 years ago before the masses arrived.
Hi Amalie and Joen it was lovely meeting you this evening in Praia Formosa ... sorry if we interrupted you :) Ian, Maral & Aylara
Hey! Great meeting you guys too! Enjoy your new life on Madeira!
As the clock strikes twelve, in Portugal so divine,
To our RUclips friends, in every video you design:
May the New Year bring you joy like a fine glass of wine,
Stay classy, create magic, and let your content shine!
Haha! We missed your poetry! Happy new year to you three ❤️
600k foreigners seems quite a lot. But taking out 350k braziliens and about 70-80k of all other native portuguese immigrants (angola, mozambique, cape verde,...). We end up with only about 160k immigrants which is not a lot. In among of 160k immigrants, there are 50k ukrainians, it is actually not overwhelming as it seems
Any where Americans move to, prices get out of hand. The sad part is that they most of the time, move part time or buy property to rent making it hard for the locals. I leave in the US and was looking forward to move out of the states and go abroad but now Europe is getting expensive. I’m taking a hard look at Thailand and The Philippines. But who knows where I will end up. My Island prices are getting out of hand. Portugal should have done like Switzerland and Thailand, none residents are not allowed to buy houses or land. In Thailand you can only buy apartments.
Per Portugal right now is the most expensive European country so please do not compare Apple and oranges
@@JP7onEarth the problem is how much they are willing to pay for an apartment or houses. When you see $500k apartments and over a Million dollar houses, everyone up their prices. I bet the 10k plus Americans are paying and average of $400k for housing. But I don’t put all the blame on them. The government put pricing on the visas
@@walterramirez3287 we live here and have done extensive research. The prices you describe tend to be in bigger cities and and don’t reflect many, many areas of the country. Anyway…..good luck to you.
@@JP7onEarthThere were 20 000 americans living in Portugal in july. Probably they are more today.
I think your video mainly refers to rich foreigners from developed, rich countries. A very big percentage of those 600.000 foreigners that you mentioned are from Brazil, India, Nepal and do not make their money from IT-work.
I don’t believe that people are moving solely because of the taxes. I think most get tired of the poor services, poorly built homes and apartments with (mold, sewage smells, no central heating or broken radiators that owners can’t fix), also the skill level of the people is low. I’m moving to France and could care less about the taxes. I need a less apathetic environment with less tourist who dominate Lisbon. So far, the French Riviera (Montpellier) is much cheaper with housing and apartments, but the food and service prices are comparable to the U.S. prices. Everyone I’ve met in Montpellier have been knowledgeable, friendly, and helpful, as a matter of fact, the strangers in Montpellier keep in contact with me by phone to guide me through my Transition and I don’t speak French! I need an energy lit environment with knowledgeable people who are more courteous and don’t let you stand in a long line for 10 minutes while they talk about Joe Blow and the neighbors dog. My only regret is that I judged France based on Paris and originally eliminated it as my potential place to live. I could have saved myself a lot of money!
You are not going to find what you are looking for
I agree with you, France is the much better option and housing is reasonable in places. Beautiful food, history & architecture plus an easier language to speak & learn imo.
The best for your new life in France. It sounds refreshing.
I do not say this to be mean- the Portugal that benefitted the migrants that entered recently, DID NOT BENNEFIT THE REAL PORTUGUESE!
We here are open to exotics, but we cannot lose our mooring! Abraço do Algarve.
Great insight. Been living in Madeira 3 years now, and started coming 2018 and couldnt agree more with everything you mentioned. Ps. We see you guys around alot but Im yet to see Joen show his skills off (1m03) 😉😅
Bra video! mye nyttig og ærlig informasjon
Saying the problem is Tsu and taxes...... What is your degree in economists?
I’m American, I live here, and I’m not leaving🌞
The Problem the prices are so high because are too many people searching House and so on . And Life for Portuguese is much more dificult because the Inflation and the tourists make prices very high. But this Problem of Inflation is caused for other reasons Europe struggle about Energy prices and so on…
I kept on wondering why you keep on talking about TEXAS in the video and then finally I got it, TAXES!!!!😂
the decline in portuguese food is unfortunately true. Cooks are retiring and being substituted by Brazilian barbecues and tapas. We normally choose restaurants by how old tiles are looking now. Before 2018 I would say 9/10 restaurants had good food, nowadays more 3/10.
I don’t blame foreigners for going to PT, but why do they have to demand it to be where they came from! Esp the rents…atrocious!
You appoint one of the main reasons behind our decline, TSU. This system made us hostages from the state leaving us without any possibility to even same money to prepare and manage our individual future freely. In one university class where my brother was, the professor asked to the class if they like pay taxes. They answered yes, because they think that will received more retirement pensions. The meaning of this episode is people do not see any need to fight for their future because they think the state will sustain them. some say they will not have retirement pensions but they continue to do business as usual for many reasons. One of them is a lack of financial literacy, which is explored by our political elite unfortunately. Other problem is a lack of purchasing power originated by low growth wages and raising goods and housing prices, which is originated by a pressure of tourism over our market, as you said on the video, and a lack of new houses built.
thanks for your comment, Joao! The TSU is one of the most insane taxes I have ever seen. I don't believe any other countries have anything similar and I also believe this is exactly why Portugal is so far behind on the average salaries compared to the rest of Western Europe. We have so many anecdotal insights to how the TSU affects small businesses. Good luck starting a restaurant if you like money. Imagine having 10 employees and having to add 30% on top of their pay. You could have gotten 13 employees, more productivity, higher output, faster company growth, but nope. I have no clue how anyone ever thought this was a good idea. If you are in the highest tax bracket and have a company in Portugal without any NHR or other tax benefits, you would not only pay 28% on each employee, you will also pay it for yourself. And then if you pay max tax it's another 45% IN ADDITION to 10% TSU on employee income. I mean, you are looking at paying almost 80% in taxes. It's gotta be the highest tax percentage in the world.
@@joenandamalieI'm curious Jeroen, how does it work in Scandinavia?
FYI that ramen should be prepared without water if you ever try it again ;)
Very good and accurate video. I also moved to Portugal and I'm on the same page as you guys!
Love your videos! When a meet up in Lisbon? Have a great time and keep it up. I was in Madeira in May and I was watching each house in any sort of mountain and thinking "That danish couple from Stay Classy must live there". Enjoy!
"people here are so relaxed" except when they are in a car 😂
Or at the football stadium 🤣
seems legit because u must be a bad driver
I love watching you guys and I love my Portugal. HOWEVER, I am from New Jersey, so I don't appreciate the Jersey jokes! 🤨Other than that, go spend time in Minho. Cities like Braga and Viana do Castelo are nowhere as big as Lisbon or Porto, but are beautiful as well.
Haha sorry! It was the first thing that came to mind. Haven’t even been to Hoboken 😂😂😂😂
Social security is what pays our pensions.
0:15 Always happy to see your videos! Content is up to date and boy your perspective is spot on! Always lighthearted and funny! ❤❤❤❤! When will you guys have a get together again in Madeira?
Thanks Tania! Not sure but we will let you know when the next one is up!
The law of NHR and all the tax related stuff are changing by day in Portugal, its insane!
It just feels like I'm always late to the party.
Apparently I've read that the NHR is going to be limited to a very small group of people, I'm not one of them.
But also heard that for Madeira & The Azores the NHR will remain the same as it was? I'm really confused.
I just hope to move the Portugal with the NHR.. it's life changing opportunity for sure.
Hey Joen and Amelie. I agree with everything said in the video. People move to a country and expect that the country adapt to their wishes instead of them doing the full exercise!
Very accurate insight. What didn't is the beauty of Portugal ❤.
♥️
I'm really sorry to hear
Here I am, coming to Portugal in three weeks🫨🫨🫨
It was a kind of a hidden pearl, but thanks to all those writing, making publicity, talking about, Portugal become a good country not for the Portuguese, but for all the foreigners that came here. I understand tourism is good, foreigners living here are good, but the impact we suffered is tremendous. Houses prices went very high, restaurants, hotels, etc etc increased a lot. Why? Because prices are made not for the internal market, but based on higher income of visitors and foreigners living here. Supermarket prices haven't had impact, but a whole world has had. Few Portuguese go to Algarve, travel 8nside, stay in hotels, buy houses in a good location etc. Miss the previous hidden Portugal...
You are describing what has happened to virtually every single country in the world. Portugal was just one of the last ones to be discovered.
Which part of madeira is the house you were shooting at in the video? Thanks alot 😊
I just want to live somewhere that is never cold and the internet is really fast lol
Portugal solves that lol. We have 1000/200 mbit
When you look at the reality in 2023, prices are INSANE compared to the local wages. It's a complete DISASTER! Put all the comfy foreigners on local wages, see how long they stay.
Most of the rest of Europe is a MUCH better option financially and quality of life.
Jeeze Madeira is beautiful. Great video!
Excellent video you two!
06:33 Unfortunatelly Adega Dom Luís closed down in the last weeks, with no predictions as to when it will and if it'll open again.
This issue is throughout the world not just Portugal but in the US, in countries in South America, and countries in Africa. It is a final crisis. Natives can not stay in their countries or their cities because the price of everything is insane.
Would you have any other suggestions for seafood restaurants? This will
Be our second time in Lisbon
Check out our packed guides here that also works as an app: www.rexby.com/stayclassy (use code “MADEIRA” or “LISBON” for 30% off) ♥️
At least you guys are honest! For a country that was already lagging, this massive influx of emigrants is just making life worst for the Portuguese. Most of the emigrants wouldn't came here if the prices were on pair with their home country and the salaries were comparable. Isn't this exploration, kinda a more subtil version of a westerner going to Thailand or philippines to find "wives"?
Where is that location in your video on top of the fog?
Tell us pls
As an economics and public policy student and as someone who follows European and Portuguese politics intensively, there is a long way for the Portuguese fiscal system to change. Not only TSU is high on everyone, but also the IRS, the consumption taxation, and the bureaucracy. The crisis in the housing market has to do with different supply and demand shocks, which are only aggravated by high taxation, inflation, and bureaucracy. Happy to talk about it if you're interested.
Hey. Can you send a message to me on partnerships@stayclassy.co ? I would like to talk more about TSU and the issues at hand.
Nunca fui adepto de restaurantes nas zonas turísticas. Onde se consegue a verdadeira experiência da comida tradicional portuguesa, é longe das zonas de turismo massificado.
Yo exactly what I been saying. It was so hard for me to find good Portuguese food when I went this year. There is more diversity in food. But where the hell was the Portuguese food?
Unfortunately, this happens everywhere in the United States, as well. There is a huge gap between the rich and poor with no way for the poor to catch up. The American gov isnt goingv to change the laws bc they are part of the rich. Plus, there is such terrible propaganda against becoming "socialist" and more equal bc we are "America" and a "free" market. (Capitalism)
Yes, come retire in Portugal, where the Influenza A is killing 3 times more people than in the States, 3 to 1 ratio!
The prob is global... europa is no longer europe too... mainly due to left-wing policies and social inclusion, countries have been losing their originality and personality. Europe is today a much more dangerous and different continent than it was 20 years ago and it will continue to get worse! Portugal, although it is a country lost in the corner of Europe, also suffers from this type of conflict and as we have a rubbish corrupt government and all linked to the system, we will continue to suffer. Today 10% of the Portuguese population is already an immigrant and until the borders are closed and things are controlled, Portugal will no longer be Portugal! still much better than countries like France or even yours.. :) long live the "leftists" vote PS eheh :) CHEGA
At 1:35, welcome to Arco da Calheta.
Excellent video !
Ya think
You’re partly responsible? Lol
👀
Love your videos…especially when you are in Madeira. We haven’t been back since Covid. Please put your beautiful dog in a harness in the backseat. While she is on your lap she could really get hurt from the airbag if you had an accident.
Your figures are skewed on the number of Americans in PT. The terms of the new NHR has already been set and will not be as optimistic as you suggest. I like your videos because you speak from a more affluent perspective. Million-dollar house, four-bedroom apartment for two, etc. You are fortunate enough to have "company income" which can help to avoid the more severe taxation PT imposes in some well-thought-out and planned cases. You do seem to be a bit naive as to the effect on lower-income immigrants and native Portuguese. PT is paradise if you can afford it. I have decided to move to Monaco instead same cost in my bracket only without the tax and perhaps in a bourgeois way, more "classy."
Vc está dizendo que Mônaco tem o mesmo custo de vida que Portugal???
Only if I paid Portuguese taxes at my income level. For example, $300k income would be taxed $150k in Portugal.@@humbertocoelho8312
Lara, you always steal the show ❤
The way I see it, the less americans and the more scandinavians, the better for everyone.
The Portuguese will blame tourists and expats but Portugal has the highest emigration rate in the EU. Millions of Portuguese leave their home in search of better opportunities but criticize others who do the same in their country. You let foreigners grow your economy while you go and grow others abroad "lá fora". The Portuguese government is corrupt and stuck in inefficient bureaucracies. Portugal has many problems but it's easy to blame the Americans and British and other expats. I love Portugal, it's a beautiful country with great people, but too often do I see hate and vitriol against expats as if it's a simple or unique problem. You think housing is expensive in Portugal? Try Canada or Hong Kong. There are much worse markets in the world. EVERYWHERE is feeling the squeeze because people with more money are taking advantage of that and governments are not protecting their residents.
I don't live in Portugal, I just love the country and enjoy visiting it. But like anything you love, the best love is rooted in honesty. Young people in Portugal hold the keys to their future. If you want change, mobilize for it. Don't just leave. Don't be apathetic and not vote. The majority of Portuguese voters are between 40-60 years old. If you want to grow your economy, you're going to have to deal with income equality and balancing that with socialism. It's not going to be easy. I really hope Portugal can turn a corner economically and offer a better job market for its homegrown residents as well as continue to be the cosmopolitan haven its always been.
Unfortunately foreigners and expats do take a lot of the blame, yes. It's wild how the government and a lot of politicians in general love to credit them the reason for Portugal's problems, when in fact these are the very people who caused these tough times for the local Portuguese. Housing is definitely a lot more expensive in the rest of the world, but imagine earning 13-15K€ a year. Heck, say even 20K€ a year, which is a high salary, you will never be able to buy a house. Maybe you can find something in super rural areas, but forget it if you want to be close to good jobs. Essentially, the housing market is exclusively for the very wealthy Portuguese. Unfortunately this is happening around the world. In Denmark, the US, UK etc, my generation is unable to afford a house.
Stayclassy obrigada!
Portugal is no longer cheap?
My wife and I just had breakfast at the local Intermarché café, Alvor - two fresh croissants, a blueberry muffin, one coffee with milk, one green tea...for 4 euros and 5 cents.
What would that have cost in Denmark?
If you are in Portugal, you don't need an ice tub, just go into the ocean!
Yes, you are partly responsible. And using the word CHEAP is insulting to those who live there. Affordable is a more polite word. Do you like other people to think of you as cheap?
Madeira became a gentrification hotspot
Question from abroad: How much is a jar of Mel de Cana nowadays?
what the hell is Mel de Cana? you mean bee honey?? it's cheap.. around 2 - 4€
@@Trip4man Last I checked there was no locally produced bee honey in Madeira. Mel de cana is the molasses from the sugar cane.
@@sportsfreundberlin Hammm I think our markets are... Synchronized. Meaning if we sell honey on the Peninsula... We will be selling honey on the Islands. There isn't a 'we sell here, we don't sell there' type of thing. I think. But why the hell you want Mel de cana?? Bee honey is the most healthy anyways. And why does it matter to be Madeira locally produced? Honey is locally produced everywhere. What is the difference??! We produce here and ship to the islands
250g around 5€
Lol thats funny.. you say American, scandanavian, uk, etc but Lets just be real, there is way too many indianos, bangladeshi and brasileiros .. many who resent or have no respect for PT.. at least the europeans come in legally and are respectful. And the government is completely incompetent and naive to the situation.
Foreigners like you are very different from the 100’s of thousands that have recently arrived. Lets not pretend or virtue signal about it please
I went to lisbon and walked for 10 minutes and saw only those strange indians everywhere. Was on the east of Lisbon. Terrible
Agree ~ the elephant in the room
@@anneofgreengables1619 im tired of people trying to be nice and virtue signal about it. Immigration is inevitable but there needs to be the right balance , and in a small country like Portugal, the balance can be ruined very quickly. There needs to be a change sooner than later.
@juiceboxleal6254 Corrupt governments are to blame for allowing it & not putting their peoples interests first. We see this all over Europe sadly.
Ao menos agora já não fazem reportagens com os velhinhos nas ruínas no centro de Lisboa que eu via todos os anos,desde o século passado e eu estive emigrada 14 anos,que já era notícia antes de eu emigrar,e depois de voltar para Portugal
The problem in Portugal in a nutshell: socialism! We have been taken over by the socialist mafia for the last 50 years, it's mediocracy over meritocracy, this is how best to describe the portuguese ruling classes.
Great, one of the reasons i cannot i cannot afford to live in mijn own city.
So the Vikings are still conquering lol