1 Comment

Hi, I'm English, married to a Portuguese teacher and have finished the small guest house project near Carvoeiro. I listened with interest to your BBC Business news broadcast. It would be interesting for you to give the other side of the story about foreigners coming and living here, how they are attracted to the cheapness and how as business news would know outside money ppp distorts the local economy. Where I live few locals can afford restaurants or beers at the beach as they have moved ever up towards London prices. Nice houses now sell for millions, properties more expensive than the home counties so now the incomers move to cheaper areas and the prices rise. Local people even now can't live in the town they were born, drink at the beach bar their parents went to etc. etc. it's basically the new apartheid. Oh the foreigners love it, Cleaners cheap, gardeners too and after school clubs all week for €35 a month. Don't forget about the draw of NHR and a tax of 20% on all earnings. How many Portuguese stay in my guest house at €200 a night, go on vineyard wine tasting at €50 or more ago. The builders and solicitors will always love the incomers but I'm not sure about the locals especially those who can't afford to live in their own country. The legacy of fascism lingers on no wonder Chega is on the rise

Expand full comment