Thinking of making the move to beautiful Portugal from the UK? Relocating to Portugal is an exciting journey, but it can also come with some expenses. Here are some key relocation costs to consider:

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Housing: Finding your new home is a priority. Whether you're renting or buying, it's essential to budget for deposits, real estate agent fees, and any necessary renovations. Whilst per m2 Portugal is reported to be cheaper in both the rental and real estate markets, the availability of properties is also less and so this can drive pricing with supply and demand, so do your research and shop at the right time for the right price.

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Transportation: Consider costs for a new vehicle or public transportation, insurance, and registration fees. It’s reported that cars are an average of 30% more expensive in Portugal than the UK, and matriculating your UK car may not be the easy solution you thought.

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Visa and Documentation: Legal requirements for visas, permits, and paperwork can incur fees, so it's crucial to be well-informed.

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Healthcare: Portugal has a fantastic healthcare system, but you might want private insurance to cover any additional expenses.

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Cost of Living: While Portugal is known for its affordability, be prepared for day-to-day expenses like groceries, utilities, and dining out. Numbeo 2023 figures reveal the cost of living in Portugal is 26.3% lower than the UK. Bare in mind pricing in touristic areas may be higher.

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Moving Services: Hiring professional movers to transport your belongings can be an added expense. And don't forget the import tax now applied post-Brexit!

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At Send Money Overseas, we specialise in helping you save on currency exchange during your relocation. Converting your pounds to euros at the right time and rate can make a significant difference in your budget. Our competitive rates, expert guidance, and secure services ensure a smooth financial transition to Portugal.

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So, as you embark on your Portuguese adventure, remember that every penny counts. Trust Send Money Overseas to make the currency exchange part of your relocation easy, so you can focus on enjoying the stunning landscapes, rich culture, and warm community Portugal has to offer.

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Start your journey with us and make your Portuguese dream a reality.

If you would like more information on our currency exchange services then get in touch with us on +44 (0)203 923 3351 or info@sendmoney-overseas.com

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