Portugal’s new government just released its Action Plan for Migration on June 3, 2024, which lays out 41 measures including urgent action on improving the immigration agency AIMA and ending a system that allowed immigrants to enter Portugal on a tourist visa, find a job, and then be considered legal residents after paying social security for 12 months. Marcelo Rebelo de Sousa, the President of the Republic, enacted the change to the immigration law shortly after.
One of the most important changes for individuals interested in obtaining residency in Portugal by investment is Measure 32, which intends to create a new Solidarity Investment Option. Currently, the immigration category, more commonly known as the Golden Visa, is officially called Residence Permits for Investments (ARI). However, the new Portuguese government wants to widen the scope of this investment category to include Residence Permits for Social Investment, described as investments made in “reception facilities and infrastructure, and integration and support projects for immigrants in vulnerable situations.”
Measure 32 will also allow for a possible system of intermediation and accreditation of social investment through the Fund for Asylum, Migration and Integration (FAMI). This extension of the ARI is in addition to that planned in a program known as “Construir Portugal” (“Build Portugal”) for investment in affordable income or controlled cost housing.
Under Measure 32, the new Portuguese government would also apply the Social Impact Bonds model to the area of migration to increase opportunities for integration into the labor market and working conditions. The Portuguese investment would then share the development of responses with investors and with the philanthropy sector.
No details have been released yet regarding the amount of contribution required for this new Solidarity Investment Option. Whether you call it a new Golden Visa or not, investors with enough funds will still be able to obtain residency in Portugal through this method by paying for it rather than working directly in the country or spending significant time there. At least, there is now a way for investors to directly invest in helping migrants and vulnerable immigrants integrate into Portugal.
Considering Portugal’s Golden Visa Program? Everything you need to know + how to qualify with 325,000 EUR
If you’re interested in finding out the latest details about the Golden Visa program and want to take advantage of the new opportunities. Signup for a live Q&A webinar with an expert from Holborn Assets that will answer all your questions. The event is scheduled for February 13 at 5 PM Lisbon Time (1 PM EST). The live webinar will cover the following:
Golden Visa basics, how to qualify, who can be included
New Investment Criteria for 2024
Golden Visa timeline and process
How to qualify with just 325,000 EUR – this exclusive offer includes investment loan financing to bridge the gap to reach the 500k minimum investment
If buying a home in Portugal to live, vacation in or maybe even retire has been your long life dream, it might be time to get it done. Portugal is home to millions of expats due to the year round sunny climate, the culture, and the high quality of life. The European country has one of the highest numbers of homeowners, with about 75% of the population owning their home.
Although during the 2008 economic crisis the Portuguese real estate market was hit hard, today, buying property in Portugal won’t only provide you with a home, but a sound investment. The real estate market has been growing in value, all around the country. Buying a home could potentially even land you permanent residence or even citizenship if you are eligible to apply for a Portugal Golden Visa!
How easy is it to buy property in Portugal as a foreigner?
Buying property in Portugal as a foreigner is quite simple. The country has no restrictions on foreigners looking to buy a house in Portugal. You won’t have to fill in any extra paperwork or meet any criteria to buy a home per say. All you need is a VAT identification number, known as a número de identificação fiscal (NIF) or número de contribuinte in Portugal. Anyone can get this by opening a Portuguese bank account or through a tax office in the country.
What’s the property market like in Portugal?
The real estate market in Portugal keeps growing steadily. In 2023, the average house costs 2,510 €/m2, almost 7% more than the year before. In April 2019, the average price of property was at 1,877 €/m2. However, prices still vary considerably depending on the area.
Let’s take a look at real estate prices in 2023 in various parts of the country and their yearly increase (%):
Alentejo: rose by 34.4% to an average price of 1,544 €/m2
Algarve: rose by 15.5% to an average price of 3,130 €/m2
Azores: rose by 22.6% to an average price of 1,358 €/m2
Madeira: rose by 20.4% to an average price of 2,483 €/m2
Should you buy a house in Portugal?
Pros
Solid investment, Portugal has great rental potential.
Low cost of living in comparison to other European countries.
Moderately warm climate.
In 2023, the Global Peace Index ranked Portugal seventh amongst the safest countries in the world.
High-quality education and healthcare services
A large number of English speakers so not necessary to learn Portuguese (however, this is helpful).
Cons
No central heating in most houses in Portugal.
Bureaucratic systems, things get done slowly and sometimes inefficiently in Portugal so it might take longer than expected to buy property.
As of October 2, 2023, buying a property will no longer make you eligible for a Portugal Golden Visa, which would have previously helped you obtain residency
Cascais is one the most expensive areas in Portugal to buy a house for a reason. This Portuguese Riviera municipality has a 30-kilometre seacoast with some of the best beaches in the country. The center is lively all year long, with high-quality restaurants and shops. The old summer destination for the Portuguese Royal Family, Cascais is a hidden gem in Portugal of great historical significance. This place is a top place to raise a family, due to its nature, clean parks, and quality public schools. Cascais features well-funded infrastructures due to a high IMI, as seen in the amazing public transportation that has a 30-minute train to Lisbon.
The Algarve is the top vacation destination in Portugal, boasting the best weather and warmest seawater. With more than 300 days of sunshine, the Algarve is a favorite spot for retirees, particularly from the US and the UK. The Algarve has a large variety of public and private schools, including international ones. English is widely spoken and it is one of the safest places in Portugal. From larger expensive houses to affordable homes, Algarve has many options for investing in real estate.
The real estate market in Lisbon has been the target of investment by companies and individuals all around the world. The market is growing exponentially. This is definitely not a cheap place to buy, but you can always find more affordable houses outside the city center. Lisbon has great infrastructure with quality transportation, affordable prices, as well as beautiful beaches and parks. It is one of the safest cities in Europe and has some of the best public schools in the country.
A solid investment, the city of Porto is 280 km north of Lisbon and lies along the Douro River. Porto is one of our favorite cities in Portugal and one of the most beautiful places to live in. The city gets 220 days of sunshine per year and offers a low cost of living (lower than Lisbon). Porto has attracted expats over the years and has a large international community. The city has a low crime rate and excellent infrastructure such as efficient transportation and clean parks.
As prices in Lisbon, Porto, and Algarve rise ridiculously, the Alentejo remains a great alternative. We wouldn’t even call it an alternative. You can find everything in Alentejo that you would in Algarve, but better, as you won’t find the region as oversaturated by tourism. Alentejo has the beautiful coastline of the Algarve, while also featuring dry areas where the relaxing farm life is the norm.
Photo by Miguel Bernardo (Unsplash)
Where is the cheapest place to buy property in Portugal?
The city of Portalegre in the Alentejo is one of the cheapest places to buy a house in Portugal. A house in the city center here costs 747 €/m2. Guarda also provides affordable prices at an average of 830 €/m2.
The most expensive place is in Cascais on the Portuguese Riviera, where a house costs 3,831 €/m2. Keep in mind that if you are applying for a Portugal Golden Visa, can no longer purchase real estate in Lisbon, Porto, and coastal towns to be eligible.
Can you buy a house for Portuguese residency?
Does buying a house in Portugal give you residency? Unfortunately, as of October 2023, you can no longer get Portuguese residency through investment. There are still many options for obtaining a Portugal Golden Visa through other investment options, which you can find here.
Mortgages in Portugal: How to get a mortgage as a foreigner in Portugal
Although being a foreigner usually has no influence on buying a house in Portugal, it does when it comes to getting a mortgage. If you are not a resident, this impacts how much you can borrow. Non-residents will only be offered loans up to 65-75% of the value of the home or the sale price (whichever is lower), while fiscal residents can borrow up to 90% of the sale price (whichever higher).
Most banks will also not allow your existing debts and your new mortgage payments to go over 35% of your monthly income. Portuguese banks will usually give you a mortgage that runs for 25 years, sometimes up to 30.
So, how much does a mortgage really cost you in the long run? The average mortgage rate in Portugal is now around 4.3%. There are also mortgage-related fees that you might need to pay:
Deed registration: 1%
Mortgage arrangement: 1%
Mortgage administration: 1%
Non-refundable commitment fee: around €600
Survey and appraisal: €500–€800
Legal fees (optional): at least €1,000
You’ll also need to gather the following documents to apply for a Portuguese mortgage:
ID
Current proof of residency
Proof of income
Documentation of existing rent, mortgage and debt obligations
Bank statements (last 60 days)
Proof of deposit (last 60 days)
Property details (Contract, property plan, or more)
Property Taxes: How much tax do you pay for buying a house in Portugal?
Beyond admin costs and legal fees, property owners need to pay certain property taxes to the government. You’ll need to calculate each of them, which a Portugal property tax calculator is helpful with. Property owners have to pay three types of taxes:
1. Municipal Property Tax (IMI)
The IMI translates to Imposto Municipal Sobre Imóveis and will be different in each municipality. This money is used to maintain public infrastructures in municipalities. The IMI rates usually range from 0.3% to 0.45%. To calculate the IMI, you multiply the value of the tax asset with the IMI rate. You must pay the IMI every year. For example, if your property is valued at €500,000 and you live in the municipality of Cascais with a rate of 0.34%, then your yearly IMI is €1,700. You can be exempted from the IMI if your annual taxable income of the whole household does not surpass €15,295.
2. Property Purchase Tax (IMT)
The IMT is also known as the Imposto Municipal sobre as Transmissões Onerosas de Imóveis. This tax is paid when a house is bought in Portugal, so it is a one-time payment for buying a house. The rate of the IMT will depend on the type and value of the property, as well as whether this property is a principal or secondary residence. You must pay this before you buy a house. This is how you calculate the IMT = value of the deed or net worth tax (the larger amount) x rate – tax reduction. You won’t have to pay IMT if you buy a house in mainland Portugal and the price doesn’t exceed €92,407. IMT usually will range between 2% to 8%, depending on the case. However, properties acquired by companies located in a “blacklisted jurisdiction” pay 10% for IMT.
3. Tax on Stamps (IS)
You’ll also need to pay an Imposto de Selo, a stamp tax, contracts, loans, documents, and more. The rate also changes depending on the property and task, but it is usually between 0.4% and 0.8%. For example, for a mortgage of five years, the stamp duty tax is 0.6%.
This is uncommon, but it has happened. There have also been instances of people purchasing properties with cryptocurrencies such as Bitcoin, as well as Dogecoin, Ethereum, and Cardano in Portugal as Swiss crypto payment processor FNTX Capital Suisse partners with Portuguese property developer 355 Developments.
Take a look at our guide to cryptocurrency in Portugal here.
Step by Step: Buying a House in Portugal
Frequently Asked Questions about Buying a House in Portugal
Does buying a house in Portugal give you residency?
No, unfortunately, this is no longer an option as of October 2023. There are still a number of ways to obtain a visa by investment, but property is not one of them. For our full guide on the most recent Golden Visa rules, check out our detailed guide.
Can a foreigner buy a house in Portugal?
Yes, there are no restrictions on foreigners wanting to buy a house in Portugal.
Is it safe to buy real estate in Portugal?
Buying real estate in Portugal seems to be a safe investment. The real estate market in Portugal keeps growing but this growth did slightly decline during COVID. Prices are expected to continue to rise exponentially post-COVID. Still, make sure to seek financial advice from a professional.
How to buy real estate in Portugal?
The best way to buy real estate is to contact a Portuguese real estate agency for help. You can also check out houses and their prices on Idealista.
What are some good real estate agencies in Portugal?
Where is the best place to buy property in Portugal?
The cheapest place to buy property is in Braga. The most famous places with a strong real estate market are Algarve, Lisbon, Porto, Cascais, as well as Alentejo.
Is there property tax in Portugal?
Yes. There are three types of property tax in Portugal you need to pay:
Municipal Property Tax (IMI): usually ranges between 0.3% to 0.45% (paid annually)
Property Purchase Tax (IMT): usually ranges between 2% to 8% (paid once at purchase)
Tax on Stamps (IS): usually ranges between 0.4% and 0.8% (for contracts, loans, deeds, etc)
Can I buy a house with cryptocurrencies?
This is uncommon. However, it is possible. The Swiss crypto payment processor FNTX Capital Suisse partnered with Portuguese property developer 355 Developments to allow people to purchase properties using crypto. You must find such an entity to be able to do so.
Did you know that Portugal is home to many fascinating abandoned places? From dilapidated palaces to convents and even a deserted water park, these places represent a Portugal of times gone by. Let’s explore 13 of these intriguing locations and, as you will see, it may not be the end for some of these properties!
Burnay Palace
Burnay Palace, built in the 18th century, is a splendid example of neo-Manueline architecture between Alcântara and Belém in Lisbon. Once a grand mansion and later used by a local university, it now stands abandoned. The palace’s ornate decorations and elegant rooms have fallen into disrepair including a multi-level entrance that has to be seen to be believed!
Burnay Palace, João Carvalho, Wikimedia Commons
Greenhouses with broken windows and ponds filled with algae can be seen along with graffiti covering the walls as nature slowly reclaims the structure. The faded beauty of the palace still shines through its decaying state. This opulent palace may get a happy ending as the Portuguese government announced plans for a €26 million euro investment in January 2024 to recover the palace and use it for an expansion of the Museum of Ancient Art.
Panorâmico de Monsanto
Panorâmico de Monsanto was a stunning restaurant in Lisbon that offered beautiful views of the Lisbon skyline. Built in the 1960s, it now lies in ruins, forgotten by time. Despite its current state, the incredible graffiti, open windows, and intriguing location in the middle of Monsanto Park make for an intriguing stop for urban explorers and photographers. As of 2022, it is no longer possible to access the site without jumping the fence and risking arrest. Plans are said to be in the works to eventually redevelop the site, although the timeline is undetermined. If Lisbon residents are lucky, it will be another place with incredible views.
Belvedere Panorâmico de Monsanto, Dusan Smolnikar, Flickr
Quinta das Águias
Quinta das Águias, or Manor of Eagles, is another abandoned palace quite close to the Burnay Palace between Lisbon’s Alcântara and Belém neighborhoods. The 18th-century mansion features crumbling architecture now in a serious state of disrepair. A Portuguese statesman and diplomat, Dom Diogo de Mendonça Corte-Real first purchased the home in 1731 and it remained in the family until 1841.
In 1890, the fourth owner of Quinta das Águias, Dr. Fausto Lopo Patrick de Carvalho, made major renovations to the property and the Carvalho Family remained in charge until the property fell into the hands of the bank. Why the bank ended up with the property is anyone’s guess, but we would venture to say bankruptcy or family disputes regarding the sale. At the time of this writing, Quinta das Águias continues to decay, growing further away from its glorious past as a host for grand balls and galas, some attended by Portuguese royalty.
Quinta das Águias, João Carvalho, Wikimedia Commons
The Pavilions in Parque Dom Carlos I, Caldas Da Rainha
Parque Dom Carlos I in Caldas da Rainha welcomes visitors from around the country with its charming museums and park-side cafes. Across from its beautiful lake, you will notice huge, imposing buildings that some have likened to Hogwarts School of Witchcraft and Wizardry from J.K. Rowling’s Harry Potter series. These buildings were part of an ambitious project by Rodrigo Maria Berquó, an engineer and architect from the Azores who received approval for a new thermal hospital that would include seven pavilions in 1892. Construction began one year later, but Berquó died from a heart attack in 1896 before the work could be finished.
In the end, Berquó’s dream of making Caldas da Rainha into a European spa resort was never realized, but the pavilions that were completed were later used as military barracks, a school, a tourism post, and a newsroom. Its last tenant moved out in 2005, leaving the pavilions completely abandoned. Despite damage sustained by fire in September 2023, there is hope for the remaining pavilions, as the government recently announced that work will begin soon on transforming the pavilions into the five-star Montebelo Bordalo Caldas da Rainha Hotel through investment from the Revive Programme and 15 million euros from the Visabeira Group.
Parque Dom Carlos I, Caldas da Rainha, Photo by Toms Rits, Unsplash
Castelo da Dona Chica
Castelo da Dona Chica located in Palmeira, Braga was designed by Swiss architect Ernesto Korrodi. Construction began in 1915, ordered by João Rego to fulfill the dream of his new bride, Francisca Peixoto de Sousa, also known as Dona Chica. Born in São Paulo, Brazil, she inherited a vast fortune from her father. Moving to Portugal in 1913 with her husband, João Rego, they planned to build a luxurious palace for hosting grand parties, surrounded by tropical trees from Brazil.
Castelo da Dona Chica, avenidacentral, Flickr
However, their dream was never realized. Francisca divorced her husband four years later and moved to Porto, leaving the incomplete palace behind. Some believed that the house was cursed and that no one would ever live there. Legend had it that those who dared to enter would run away when they saw white appear at the top of the staircase. Over the decades, the property changed owners many times and was classified as a Property of Public Interest in 1985. Acquired by the Parish Council of Palmeira in 1990, it was leased to IPALTUR, which attempted to convert it into a leisure area. Despite several efforts, the palace remained abandoned until it was bought by Magalhães & Rocchio in 2019, who plan to transform it into a five-star luxury hotel.
But the question remains – will it still be haunted?
Tapada das Necessidades
Tapada das Necessidades near the Estrela neighborhood of Lisbon is actually not abandoned at all, but it has definitely seen better days. Formerly the grounds of a royal palace, Tapada das Necessidades is open to the public from 8:00 am to 8:00 pm every day, but several corners of the park have suffered the ravages of time and are in need of refurbishment. The impressive greenhouse, for example, is missing several windows, and several buildings throughout the park have been completely abandoned altogether. Despite this, the park’s charm remains, and visitors can find a flock of geese, ducks, peacocks, and several cats roaming the park along with a generous slope perfect for picnics. If you’re looking for a peaceful place in the city, Tapada das Necessidades is a great choice.
Tapada das Necessidades, Amelia Monteiro, Flickr
Monte Palace
Monte Palace was a luxury, five-star hotel in São Miguel, Azores overlooking the incredible Sete Cidades. While this may sound unbelievable, it was only open for 18 months before it closed and has been abandoned since 1990. Most shocking of all, it received the award for “Best Hotel in Portugal” the same week that it closed its doors forever. Now, the only thing that remains of this imposing structure is the concrete and graffiti. So, what happened?
Even when the hotel opened in 1989, it needed additional investors after many years of delay and mounting debts. When the Monte Palace opened, the Azores was not a popular tourist destination. It was also in an isolated place, and there was not much to do in the area. The stunning view of Sete Cidades, which the Monte Palace was known for, also remained clouded over most of the time.
Monte Palace, KS_aus_F, Flickr
After the hotel closed, a security guard watched over the place for 20 years to keep vandalism in check. When the guard stopped being paid in 2011 and abandoned his post, locals started stealing everything including the bathtubs and even the elevator! The government later removed the windows to prevent people from hurting themselves. In 2017, a group of Chinese investors purchased the property with plans to reopen, but no progress or restoration work has been made.
Beja Aquatica
Beja Aquatica opened in 1989 about 5 km outside the town of Beja in the Alentejo. Owned by a builder from the Algarve, the waterpark was only open for three short years before closing down in 1992. The waterpark ultimately could not attract enough visitors to overcome its debts. Plans were in the works to add hotels to draw more people, but construction never started.
Although the waterpark looks like it wouldn’t take so much to get it up and running again, the truth is that the type of water circuit renovation required is no longer allowed. The costs to repair the park would also exceed its value. And so time ticks on, and nature continues to take over the waterslides.
The Monastery of Santa Maria de Seiça, Figueira da Foz
The Monastery of Santa Maria de Seiça, near Figueira da Foz, originally dates back to 1162, though its current version was constructed in 1672. The monastery once functioned as a center of philosophical studies. After the extinction of religious orders throughout the country in 1834, the monks abandoned the monastery and the property was vandalized and changed hands multiple times. In 1911, the property served as an industrial unit for rice peeling.
Convento de Seiça, Vítor Ribeiro, Flickr
The property became a classified as a Property of Public Interest in 2002. Then, in 2004, the municipality of Figueira da Foz obtained the deed for the property. In an unexpected twist, rehabilitation work on the property began in 2024. Let’s wait and see what new life awaits for this historic place!
Aqueduct de los Pegões, Tomar
The amazing Aqueduct de los Pegões in Tomar, completed in 1619, supplied water to the Mata dos Sete Montes and the Convent of Christ. Designed by Italian architect and engineer Filipe Terzi under the direction of King Filipe II, the 7-km structure has an astounding 180 arches stretching across the Pegões Valley. It became a Classified National Monument in 1920.
Aqueduct de los Pegões, Alvesgaspar, Wikimedia Commons
São Francisco do Monte Convent, Viana do Castelo
The São Francisco do Monte Convent, left to ruin in the forests near Viana do Castelo, is a true relic of the past. Founded in the 14th century as one of the first three convents of the Order of Friars Minor in Portugal, it was abandoned in the 19th century. In 2001, it was sold to the Polytechnic Institute of Viana do Castelo. The property remains in ruins to this day.
Convento de S. Francisco do Monte, Das grote, Wikimedia Commons
The Garbage King’s Palace, Coina
The Garbage King’s Palace in Coina, Portugal, was built by Manuel Júnior, a prosperous businessman known for his garbage collection enterprise. In 1907, he secured exclusive rights to collect waste in Lisbon, amassing a significant fortune along the way. Although Manuel never handled the garbage himself, he efficiently managed the waste in part by feeding pigs and fertilizing his lands. He began constructing the mansion in 1910, with a tower designed to overlook his expansive properties. However, the construction was never completed.
Palácio do Rei do Lixo, Inácio Alves, Flickr
Following Manuel Júnior’s death, the palace remained unfinished, although the surrounding farmland thrived. In the 1970s, a developer bought the estate intending to convert it into a hotel. Unfortunately, a devastating fire in 1988 gutted the building’s interior, and the project was abandoned. The property changed hands multiple times, with various owners using the land for farming and other purposes. Today, the dilapidated tower is owned by Xavier de Lima’s company, with no plans for restoration.
Chalet of the Countess of Edla, Sintra
For our final location, we wanted to showcase a property that has now been fully restored, despite being abandoned for 95 years. The Chalet of the Countess of Edla is a romantic cottage built between 1864-69 by King Ferdinand II and his second wife, the Countess of Edla, within the Park of Pena in Sintra. Constructed as a personal retreat, this cottage is an exquisite example of romantic architecture with influences from Northern European and American mountain cottages. Its painted exterior was made to look like wood planks and also includes the extensive use of cork. The interior contains painted architectural surfaces with colored patterns and geometric designs.
After Ferdinand’s death in 1885, Elise sold the estate to the state but retained the right to use the chalet until 1904. After the subsequent end of the monarchy in 1910, the chalet was neglected and eventually abandoned altogether. It wasn’t until 1999, when the chalet was destroyed by fire that several national and international partners stepped in to meticulously rebuild the chalet and restore it to its former glory. Today, the Chalet is open to the public and receives visitors from around the world.
Countess of Edla Chalet, Ricardo Gonçalves, Flickr
The Pestana Hotel Palácio do Freixo (Freixo Palace) will host the Alivetaste initiative once again this year offering amazing wines, products, and 15 Portuguese culinary chefs.
The Alivetaste initiative, a food and wine project created in 2016, is famous even on the international stage. It is seen as the perfect blend of culinary experiences, wine, and food products and is regarded as a hot spot for potential synergies between wine producers, chefs, and hoteliers.
This year, for the 8th edition, there will be 4 chefs with Michelin stars: Vasco Coelho Santos from Euskalduna, Arnaldo Azevedo from Vila Foz, Julian Montbabut from Le Monumental, and Luís Brito from A Ver Tavira. All 15 chefs will prepare incredible finger food with their special touch for all of those in attendance, which will then be paired with 70 wines from 35 different producers.
The event, which will take place on July 1st, from 5 pm to 10 pm, is open to the public. Tickets are currently being sold at 120 euros and will increase to 140 euros after June 16. It may seem a bit expensive, but these tickets will get you five hours of an experience that you wouldn’t be able to get even at Michelin starred restaurants.
Note that, apart from the food, the wine, the views, and the networking, participants may also be able to win prizes like special wines and tableware.
According to a test done by a car rental company, Lisbon is one of the most stressful EU capitals to drive in.
Results released last week from the study performed by the company DiscoveryCars concluded that Lisbon is the second most stressful EU capital to drive in.
In order to reach their findings, the company measured the heart rate of a sample of drivers in two different situations: at rest and during a 30 minute drive. The results were then sent to a doctor specialized in internal medicine (Adedeji Saheed) who compared them to the patterns of what are considered standard heart rates. Please note that, according to the data we are aware of, there is no specification of the sample that was used.
Lisbon, with its crazy rush hour, narrow streets, and steep hills, came in second place. Its stress rate, in accordance with the study, is 36. The Portuguese capital lost only to Oslo, which achieved a stress rate of 37.5.
In Lisbon, the heartbeat of the sample while driving was 104 bpm at its lowest point, and 134 bpm at the highest. Even though 134 bpm is considered to be within the interval that is considered to be normal, the doctor emphasized that anyone who exhibits heart rates at this level during daily activities should be aware of symptoms relating to cardiac malfunctions.
For those that live in Lisbon and are familiar with its rush hour, which, during the last years, increased, both in length and in density, the results of the study do not come as a surprise. Today, there are more cars on the street for longer periods of time. However, the results may not be 100% reliable.
As there are numerous factors that can affect someone’s heart rate, the sample could have been biased. One factor that could have influenced the results is chronic stress or anxiety. How many drivers showed abnormal heart rates prior to the test? Another factor could be the origin of the drivers. Were all drivers Portuguese, foreign, or was there a mix? If there was a mix, what was the percentage of national vs. foreign drivers? Were the Portuguese drivers used to driving in Lisbon or not? What was the sample used in other countries?
Uniformity and minimum bias are always a must. Hence, we say that Lisbon seems to be, and not that it is, one of the most stressful EU capitals to drive in.
June can be seen as the start of the event marathon in Lisbon, as well as in the entire country. This month is when the sun fully comes out of hiding, the start of a hot yet pleasant summer! Tourists usually prefer July and August over June because they want the best beach temperatures during their holiday to be able to swim in the ocean and get a nice tan!
That’s why Lisbon isn’t as crowded in early June as it is later in the summer. Nonetheless, there will be a myriad of events you can attend – from acclaimed international festivals to more local, traditional events, such as the official day of Portugal and the celebration of the country’s patron saint.
If you’re currently planning your Lisbon in June itinerary and need some ideas, we’ve prepared a list of the top events you should attend!
June 10 – Portuguese National Day (Official Public Holiday) – Expect Closures
Also known as Dia de Camoes, June 10th is the official Portuguese National Day, as chosen by the people of Lisbon – in honor of Luis de Camoes, the country’s greatest poet.
Statue of Luis de Camoes at Jardim Marques de Pombal, Oeiras, Portugal. Photo by Pedro Ribeiro Simoes (Flickr)
On June 10th, some cities hold street parties, as well as parades, while most shops and the like may be closed. In short, be aware that, if you stay in Lisbon in early June, the 10th will be a day of relaxation. A simple walk through the city will let you know if anything special is happening. To find the party, head straight toward the music!
June 12-13 – Feast of Saint Anthony – Celebration of Lisbon’s Patron Saint
If you’re a fan of traditional festivals and holidays, June’s really the perfect moment to be in Lisbon. This month is pretty much dedicated to the Popular Saints (Santos Populares), especially to St. Anthony, the patron saint of Lisbon.
We have an entire guide dedicated to thebiggest party in Lisbon if you want to find out more about how locals and tourists will have fun during this month’s evenings (and nights) – music, dance, parades, and countless parties throughout the city!
Photo by Hannah Dalke
The Feast of Saint Anthony is celebrated between the 12th and 13th of June. Besides the regular parties, there will be many traditional events, such as the 16 Casamentos or the Marchas Populares, which is a carnival parade.
The parties and events related to the Feast of Saint Anthony can be attended by anyone, be they adults or children. There are no fees involved unless you want to indulge in some Portuguese, event-specific cuisine (make sure to eat some sardines!). In short, you only need to have fun!
Until June 16 – Lisbon Book Fair – Readers, Unite!
This year, the famous Lisbon Book Fair takes place from May 29th to June 16th in Parque Eduardo VII. If you’ve never heard about the fair before, you’re probably thinking about how and why a book fair is held in a park, right?! At least that’s what crossed my mind at first, but then I realized how cool and unique this actually is!
The Lisbon Book Fair takes place on the avenues of the mentioned park. There are so many shops with books, handmade journals, toys, and whatnot that you’ll likely get lost between them! If you’re a true bookworm, make sure to bring someone along who can prevent you from spending all your money and staying there until the last shop closes!
Besides new books, fresh out of the printing press, you also have the chance to find editions of times past – such as pre-2000s comic books and even obscure Portuguese literature.
Don’t worry about the language! While most books are indeed in Portuguese, you will certainly find English sections. Of course, first and foremost, you’ll need at least 5 minutes to take in the view, especially if you enter the fair from the top of the park!
Reading at the Lisbon Book’s Fair, Pedro Ribeiro Simões, Flickr
June 15-16, 22-23 – Rock in Rio – Rock Concerts for Every Music Fan
Rock in Rio is among the music festivals that gained worldwide recognition. It’s now been going on for almost 40 years, even though the first Lisbon editions occurred only after the 2000s. Specifically, Rock in Rio started its history in – obviously – Rio de Janeiro, Brazil. Its incredible fame, however, led to the festival traveling to Las Vegas, Madrid, as well as Lisbon. So far, nine editions of the festival have taken place in Lisbon.
If you happen to be here in June, then you’ll be attending the 10th edition – so there’s really no reason whatsoever to miss it!
Rock in Rio will take place during the second and third weekends of June – the 15th and 16th, and the 22nd and 23rd. Even if you are around for half a month only, you’ll still have the chance to have some fun listening to some great bands!
Rock in Rio Lisboa, Flickr
This year will be nothing short of spectacular when it comes to the line-up – Ed Sheeran, the Jonas Brothers, Doja Cat, Camila Cabello, Evanescence, Scorpions, Post Malone, the Foo Fighters, the Black Eyed Peas, and many more!
June 22 – Arraial Pride – The Lisbon Gay Pride Parade
Arraial Pride is one of the two major LGBTI+ events taking place in Lisbon (the second is in July). In fact, this year marks the 26th edition of this event, as the Arraial Pride in Lisbon dates from 1997! Essentially, it is a Pride festival where people can have fun and enjoy themselves, as well as learn more about acceptance and caring for each other.
Photo by Daniel James (Unsplash)
There will be several shows and live performances during the Arraial Pride event. The party starts at noon on Saturday in Terreiro do Paco and will likely last until early morning on Sunday. Arraial Pride is said to be the most colorful event in Lisbon, so make sure to enjoy its beauty! The entrance is free – all you’ve got to do is have fun!
All Month – Lisbon Under Stars – A Truly Ethereal Experience
Lisbon is home to plenty of ruins and architectural wonders. A lesser-known one, however, is the Carmo Convent.
If you’re a visual person, imagine this – massive gothic pillars, columns, and arches spanning all around and upwards of you, under the open sky. It is simply breathtaking!
Carmo Convent. Photo by Gabriel Fernandes (Flickr)
Even more breathtaking, however, is the Lisbon Under Stars event, which is, in all honesty, quite indescribable. The gist is that the ruins’ walls will be transformed into a 3D and 360-degree screen, obviously with the help of some very powerful projectors. On this massive screen, the attendees will be able to see over 600 years of the city’s history.
In short, if you visit Lisbon to discover Lisbon, then this is the perfect event for the end of your holiday. You’ll experience multiple forms of content, mainly visual but also auditive – basically culture in its purest form.
Every Sunday – Out Jazz Festival – the best language for music
Taking a look at the best vocal music in the world, roughly three-quarters of it comes from places where Portuguese is spoken – thus, you may sometimes hear that it is the best language for music.
As such, given the importance of music, why not end your trip dancing or singing along? If you do want to end your trip that way, you’re in luck! Every Sunday, from May to September, the public gardens of Lisbon will hum with soul, hip-hop, funk, and jazz music – courtesy of the Out Jazz Festival.
In June, the talented musicians will be found in the Jardins da Quinta Real de Caxias. You can simply tag along, as there’s no admission fee. The events usually begin at 5 pm.
Out Jazz, oalfaiatelisboeta, Flickr
Now, now, don’t waste any time! As you can see, June is a very busy month for Lisbon. Start planning now if you want to make the best of it!
You’ve heard of fado, Portugal’s expressive and melancholic music, but what about pimba? As playful as it is risqué, pimba is the energetic counterpoint to fado and one of the most popular types of music during the Santos Populares festivals held all over the country during the month of June. With its catchy melodies, simple lyrics, and a propensity for humorous and risqué content, pimba will fill your ears and your heart throughout the night during Santos Populares, so let’s learn more about it!
Origins and Characteristics
Pimba music originated in the 1980s and 1990s, drawing influences from traditional Portuguese folk music and popular styles such as fado and pop. The genre is often associated with working-class entertainment and is known for its accessibility and straightforwardness. The term “pimba” itself is said to derive from a popular exclamation used by Emanuel in his hit song “Pimba Pimba” released in 1995, which encapsulated the essence of this music style.
Musically, pimba is characterized by lively rhythms, repetitive melodies, and a significant use of accordion, synthesizers, and guitars. The lyrics often revolve around everyday themes, romantic escapades, and humorous situations, frequently employing double entendres and innuendos to add a playful and sometimes naughty twist.
Pimba and Santos Populares Festivals
The Santos Populares, or Popular Saints’ Festivals, held in honor of saints such as St. Anthony, St. John, and St. Peter, are vibrant street celebrations taking place throughout Portugal in June. Lisbon, Porto, and other cities come alive with colorful decorations, parades, traditional food, and music. Pimba music is a quintessential part of these festivities, providing an energetic soundtrack that encourages dancing and singing all together!
Examples of Risqué Music and Double Entendres
Pimba songs often use playful and risqué language, incorporating double entendres that hint at sexual innuendos while maintaining the appearance of innocence. For instance, “A Cabritinha” by Quim Barreiros, one of the most iconic pimba artists, uses the metaphor of a “little goat” to imply something much more suggestive.
“Quando eu nasci a minha mãe não tinha leite
When I was born my mother didn’t have milk
Fui criado como um bezerro enjeitado
I was raised like a foundling calf
Mamei em vacas, em tudo que tinha peito
I suckled from cows, from everything that had breasts
Cresci assim desse jeito, fiquei mal-habituado
I grew up like this, I got used to it
Hoje sou homem e arranjei uma cabritinha
Today I’m a man and I got a little goat
E passo o dia a mamar nos peitinhos da fofinha
And I spend the day sucking on the cutie’s breasts
Eu gosto de mamar nos peitos da cabritinha
I like to suck the little goat’s breasts”
-“A Cabritinha” by Quim Barreiros
Quim Barreiros, one of the earliest Pimba music artists, Marques Maia, CC BY-SA 3.0, Wikimedia Commons
Another example is “Bacalhau à Portuguesa” by Emanuel, where “bacalhau” (codfish) is used in a suggestive manner:
Quero cheirar o teu bacalhau
I want to smell your codfish
Quero provar o teu bacalhau
I want to taste your codfish
Emanuel, an icon of the pimba music scene, Biling at French Wikipedia, CC BY-SA 3.0
Popular Pimba Songs at Santos Populares
During the Santos Populares festivals, certain pimba songs have become anthems, beloved for their catchy tunes and humorous lyrics. Some of the most popular ones include:
“Pimba Pimba” by Emanuel – This song is practically synonymous with the genre, known for its upbeat rhythm and the exclamation “Pimba!” which signifies the fun and carefree spirit of the music.
“A Garagem da Vizinha” by Quim Barreiros – Another classic, this song uses the metaphor of a neighbor’s garage to humorously allude to romantic escapades.
“Apita a Comboio” by José Malhoa – A classic, lively tune that creates an infectious dance atmosphere.
“A Bela Portuguesa” by Diapasão – Another classic song that you are bound to hear at a Santos Populares festival at some point.
In conclusion, pimba music, with its lively melodies, humorous and risqué lyrics, and infectious energy, plays a crucial role in the Santos Populares festivals. It brings people together in a shared experience of joy and celebration, reflecting the vibrant spirit of Portuguese culture. Now that you know about pimba, we encourage you to learn some of these songs before you go to your first Santos Populares to make your experience that much richer!
Ruth Marlene, female pimba music singer, Oliveira Saudónio, CC BY-SA 4.0, Wikimedia Commons
Final Thoughts
Of course, not every song at the Santos Populares festivals is a suggestive pimba song! To prepare yourself for joining in with the locals, you can also check out “São João Bonito” by Lenita Gentil or “Cheira a Lisboa” by Amália Rodrigues.
Ice cream, you scream, we all scream for ice cream in Lisbon, but it’s Bizzarro Gelato that will delight and confuse your tastebuds. Strawberry-Olive? Onion-Mango? Avocado-Lime? These flavors can all be yours just steps away from Praça do Comércio.
The Origins of Bizarro Gelato
Two brothers, one a pastry chef and the other a pharmacist, opened the whimsically wacky Bizzarro Gelato in January 2024, a sister shop of Echo Gelato Lab in Sesimbra, and they have been testing new flavors ever since!
The not so obvious entrance to Bizzarro Gelato, Photo by Becky Gillespie
One of the truly bizarre things about Bizzarro Gelato is that it doesn’t look like an ice cream shop from the outside or the inside. When you walk in, the first thing you notice isn’t the ice cream but a fascinating menagerie of hybrid animal-human portraits on the left wall along with the long metallic table running down one side of the room, making you feel as if you’re on a space mission or a cruise ship waiting to land in the next port.
Photo by Becky Gillespie
People sitting down to enjoy their gelato face each other while enjoying their creative scoops, making it easy to interact with fellow gelato junkies as a mannequin wearing candy clothing hangs out in the corner.
Truly Unique Flavors
After taking in the unique interior design, you turn to your left and notice the pièce de résistance bizarre, the gelato served from a fancy cart, each flavor hidden inside metal canisters scooped out by Maria, the kind and passionate ice cream artiste.
Photo by Becky Gillespie
“Do you have curiosity?” Maria asked me as I approached the cart. ‘Curiosity,’ I thought. ‘Curiosity is my middle name, Maria.’ Maria swiftly took me on a gelato journey not for the faint of heart. Trying a scoop of beet-orange first, as the flavor board promised that it would “make you fall in love again,” I hesitated, the hybrid combination not tasting too strongly of either flavor.
Photo by Becky Gillespie
“Maybe this will be the one,” Maria mentioned, passing me a small spoon of strawberry-olive. ‘Interesting. More olive than strawberry but good.’
I tried the onion-mango next and smiled the moment the onion touched my tongue. The onion clearly surpassed the mango in the race for my tastebuds. The next flavor-the caramel-soy sauce-was a revelation, a more umami version of salted caramel. But – it wasn’t weird enough for me.
So, I went a step further and turned to the peanut-tomato. The tasting board’s commentary here: “Kinda obvious, huh?” Not really, if you ask me, but it turned out to be delicious and novel enough for me to make it one of the two scoops I ordered (Truffle-Lemon Cheesecake being the other).
Photo by Becky Gillespie
There are 16 flavors currently available at Bizzarro Gelato and half of them are vegan. Four traditional flavors are ready to keep those who are not so sure about this whole bizzarro thing happy (drumroll please): vanilla, milk chocolate, strawberry, and pistachio.
The other 12 flavors are for the bizzarro among us, with some flavors scheduled to change every season – so if you find your favorite flavor, my advice to you is to order it as much as you can before it changes.
Continuing with the weird and the wonderful, Bizzarro Gelato also offers four different flavors of sugar cones: green apple, raspberry, vanilla, and the classic-flavored cone you can find anywhere.
Photo by Becky Gillespie
If you’d like to try as many flavors as you can in one sitting, Bizzarro sells little tasting boxes with 6 or 12 tiny cups. The 6 cups are all vegan flavors while the 12-cup tasting is a mix of both.
Photo by Hannah Dalke
How to Get to Bizzarro Gelato
Bizzarro Gelato is located at R. de São Julião 54 a three-minute walk from Tram 15, the 736 or 760 Bus, or the Baixa-Chiado Metro Station (Blue Line). It is open Tuesdays to Sundays from 12:00 pm to 7:30 pm. A small cup or cone with one flavor is €3.80, medium (two flavors) is €5.20, and large (three flavors) is €6.30. The 6-cup tasting menu is €7, and the 12-cup tasting menu is €10. Take-away is also available.
So, only one question remains: do you have the curiosity to try Bizzarro Gelato? Which flavor will you try first?
Portugal’s summer festivals are a time of vibrant celebration, bringing communities together to honor saints and local traditions. Among these festivities, São João, or St. John’s Festival, stands out for its unique customs and lively atmosphere. The biggest São João event takes place in Porto starting in the early afternoon of June 23 and going all the way until the morning of June 24! Braga also celebrates the same evening of June 23, so maybe you can start in the afternoon in one city and end in the other, since these cities are less than hour apart by car! That would certainly be a celebration to remember!
Let’s explore five fascinating traditions that make São João a highlight of the Portuguese summer.
1. It’s Hammertime – The Martelinhos de São João
One of the most iconic and playful traditions of São João is the use of martelinhos de São João, or St. John’s hammers. These are small plastic hammers that revelers use to gently tap each other on the head. You can tap your loved ones, neighbors, or really anyone you meet in the street. Legend has it that this practice, which began around the 1960s, was invented by the owner of a Porto plastics factory. In the beginning, mostly university students bought the hammers, but it has now become a symbol of the festival.
Hammertime, São João Festival, Porto, Porto Convention & Visitors Bureau, Flickr
Leeks and Garlic Flowers: Alongside the hammers, people use something much more traditional: leeks and purple garlic flowers. This practice goes back more than six centuries. Leeks were believed to bring good fortune, so leeks were placed on the front door of a house in ancient times. During the São João Festival, hitting people on the head with purple garlic flowers or leeks is said to bring good luck to the people! These plants are believed to also have protective and purifying properties, adding a traditional and symbolic touch to the celebrations.
2. Jumping Over Bonfires
On St. John’s Eve, the streets of Porto and other cities light up with bonfires. Jumping over these bonfires is a widespread and cherished practice. It’s seen as a way to purify oneself and seek good fortune. This custom has ancient roots in pagan traditions that celebrated the summer solstice, symbolizing the transition and purification that comes with the change of seasons.
The act of jumping over bonfires is not only a thrilling spectacle but also a deeply symbolic ritual. It represents the renewal of life, the burning away of the old, and the welcoming of the new. Participants believe that leaping over the flames brings good luck, health, and protection from evil spirits. The sight of numerous small bonfires lining the streets, with people of all ages taking turns to jump, is both mesmerizing and heartwarming.
In addition to personal purification, the bonfires serve as communal gathering points. Friends and families come together around these fires, sharing stories, singing songs, and enjoying each other’s company. The warmth of the fire and the shared experience foster a sense of unity and togetherness that is at the heart of São João celebrations.
3. Fireworks and Hot Air Balloons
The night sky during São João is a spectacle of light and color. One of the most anticipated moments is the fireworks display installed on barges in the middle of the Douro River and over the Dom Luís I Bridge. This dazzling show, reflected in the waters below, captivates thousands of spectators and lasts about 15 minutes.
The reflection of the fireworks on the Douro River makes for a truly spectacular sight. Families and friends gather along the riverbanks to enjoy the show. Why don’t you join them and find a place to enjoy the show?
Porto Sao João fireworks, Matt Staveley, Flickr
Hot Air Balloons: Adding to the magic, locals also release hot air balloons around midnight, known locally as “balões de São João,” made of colored paper into the sky. These balloons, slowly rising and drifting, symbolize the participants’ hopes and wishes, creating a mesmerizing and memorable sight. The tradition of balloons originated from a pagan tradition of celebrating the summer solstice in which the element of fire was honored.
Launching of balloons in celebration of St John, @Porto, Portugal, João Norim, Flickr
4. Grilled Sardines and Bifanas
Food plays a central role in São João festivities, bringing people together over hearty meals and local delicacies. Grilled sardines are the star of the show, often served on bread with roasted peppers. This simple yet delicious dish is synonymous with summer festivals in Portugal.
Portuguese sardines. Photo by Alex Teixeira (Unsplash)
Other Delicacies: Alongside sardines, you’ll find dishes like caldo verde (a traditional Portuguese soup made with kale, potatoes, and chorizo), bifanas (pork sandwiches), and febras (grilled pork chops). These meals are typically accompanied by wine, sangria, and plenty of cheerful toasts.
Bifana, Sonse, Flickr
The preparation of these traditional foods often begins days in advance. Families and communities come together to marinate the meat, prepare the vegetables, and set up grilling stations. The aroma of grilled sardines fills the air, creating an irresistible invitation to partake in the feast.
Food stalls line the streets, offering a variety of regional specialties. The communal aspect of dining, with tables set up in the open air, encourages interaction among locals and visitors alike. Sharing a meal during São João is about celebrating togetherness and hospitality.
5. São João in Braga – The Procession of St. John
While Porto’s celebrations are perhaps the most famous, Braga also hosts grand São João festivities with a unique flavor. Known as the “Portuguese Rome,” Braga infuses its celebrations with a strong religious component.
São Joāo de Braga, Porto Convention & Visitors Bureau, Flickr
Religious Processions: The highlight in Braga is the Procession of St. John, where an image of the saint is carried through the streets, accompanied by the faithful, philharmonic bands, and scout groups. This procession is a poignant display of faith and community spirit.
Arraiais and Competitions: Braga’s celebrations also feature arraiais (street parties) and sanjoaninas cascades competitions. The cascades are small, creative representations of rural life and biblical scenes made from recyclable materials. These festivities showcase local creativity and deepen the communal bonds.
The procession of St. John is a deeply moving event. It begins with a solemn mass, after which the image of St. John is paraded through the streets on a beautifully decorated float. The streets are lined with onlookers who join in singing hymns and saying prayers. The sense of reverence and communal faith is palpable, making it a spiritually enriching experience.
The arraiais in Braga are lively street parties that feature live music, dancing, and a variety of food and drink. These parties are set up in different neighborhoods, each with its own unique character and offerings. The sanjoaninas cascades competitions encourage participants to create intricate displays using natural and recyclable materials, reflecting themes from local culture and history. These displays are judged, and the best ones receive prizes, adding an element of friendly competition to the festivities.
Final Thoughts
São João in Portugal is a vibrant celebration of tradition, community, and joy. From playful hammer taps and bonfire jumps to the magic of fireworks and the taste of grilled sardines, these customs create an unforgettable experience. Whether in Porto, Braga, or other parts of the country, participating in São João allows you to immerse yourself in Portuguese culture and connect with the festive spirit that defines these summer nights. So, join in the fun, dance to the music, savor the food, and let the energy of São João sweep you into the heart of Portuguese culture!
It’s been almost six months since the Portugal government confirmed that the Golden Visa program is actually sticking around. But with so much misunderstanding online, many people still think the program has closed its doors forever. This is completely understandable since initial news of the Golden Visas going away received coverage around the world back in March 2023.
Let us set the record straight: the Golden Visa program remains open and is in more demand than ever. In the end, the only part of the program that truly ended was the option to invest into property. Everything else is pretty much the same.
There is currently no talk of the program closing or changing in the foreseeable future. If it is something you plan to do or have been considering, however, we advise you to apply sooner rather than later, as you never know when the government may change the program again.
The largest percentage of current Golden Visa applications are investing via regulated and qualifying investment funds or choosing to purchase capital share in existing Portuguese companies (that support job creation in the country). Investment fund-linked Golden Visa approvals were up 77% between 2021 and 2023, with that figure expected to rise sharply in 2024.
There are many sectors within Portugal that investors can opt to invest in and, unlike property, these routes have no stamp duty applicable, which results in a savings of up to €35,000 of your initial capital outlay. Furthermore, the process of investing is much simpler and allows clients to submit their Golden Visa application sooner.
The option of donating €250,000 is still possible or an investment from €500,000.
In our Golden Visa webinar, we will be covering all the different investment options including investing into funds, existing capital share, and hospitality.
With some clever planning, you can qualify for the program with only €325,000 of investment capital.
One unique aspect of what Holborn Assets has been able to offer is the option to qualify with just €400,000. This includes an investment of €500,000 to qualify for the visa. However, €100,000 of this €500,000 is paid as an upfront return from the investment. This is something offered exclusively by Holborn Assets and is not available through any provider or fund manager.
Being the largest provider of Golden Visa investments in Portugal, Holborn Assets is excited to announce that they will also be soon be able to discuss an investment option, that will allow you to qualify with only €325,000 of your own capital. This investment will also have an optional, but guaranteed exit of €500,000 in year 6 (when you expect to have your permanent visa and/or passport issued).
The investment options required to qualify with the lower capital amount of €325,000 will likely sell out quickly due to very limited availability. For more details on this, please schedule a meeting with an expert using the Calendar.
Considering Portugal’s Golden Visa Program? Everything you need to know + how to qualify with 325,000 EUR
If you’re interested in finding out the latest details about the Golden Visa program and want to take advantage of the new opportunities. Signup for a live Q&A webinar with an expert from Holborn Assets that will answer all your questions. The event is scheduled for February 13 at 5 PM Lisbon Time (1 PM EST). The live webinar will cover the following:
Golden Visa basics, how to qualify, who can be included
New Investment Criteria for 2024
Golden Visa timeline and process
How to qualify with just 325,000 EUR – this exclusive offer includes investment loan financing to bridge the gap to reach the 500k minimum investment
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