I feel sorry for struggling Portuguese nationals. I wish that foreigners who are planning to move to Portugal would learn the language so they would know how much gentrification is really affecting one of Europe's poorest countries. Illiterate foreigners who are moving Portugal don't understand what is going on in Portugal. I used Illiterate not to insult, but I used it to imply that foreigners are not learning Portuguese, so they are illiterate. If you are moving to Portugal, learn the language, respect the culture, and give back. Boa sorte!
Foreigners should learn Portuguese so that they would know how much gentrification…. well, ‘very good’ argument for learning a foreign language. What a useless suggestion. And, even if they learn Portuguese, it would not probably help them to learn the reasons for gentrification, in Lisbon, which is the result of several complex causes. By the way, I would suggest that you look at the problems of your own country, where you will probably find a good number of people who can not pay for properties located in central areas of major cities. Many of them are likely living in very poor areas of our country. Well, thank you, but we do not need your sympathy.
Certainly a lot of changes for you and the world since 2020. With connecting the rental prices to inflation, what happens when inflation comes down? I’m sure housing prices will not. Hopefully more available housing will help the situation.
You know why there are no houses that working and middle class Portuguese people can afford in Lisbon and Porto? Rich trendy foreigners buying up land unchecked and pushing people into suburbs. Now rules are being put into place haphazardly and prices/wages will have to rise for the situation to become tenable again. And if that's true then it won't be as alluring for you to live in Lisbon.
As pessoas já abandonavam o centro de Lisboa e do Porto antes dos americanos ou outras nacionalidades chegarem,os centros estavam em ruínas,parem com essa treta
I'm very grateful you take the time to make and post your videos here on TH-cam. Great content. Keep up the good work. Getting rid of NHR seems like a foolish populist decision, considering how few people are actually using it. But those few people will have an outsize positive impact on the Portuguese economy, while causing just a fraction of the problems in the housing market. The real problem of housing increases seem to be more related to: 1) Short term rentals to cater for AirBnb-style tourists (who stay anywhere from a week to a few months) 2) Massive inflow from foreigners in general, not specifically NHR-foreigners, who earn their money outside of Portugal and thus are able to pay much higher rents, while not actually being wealthy enough to purchase homes. 3) Lack of supply I would suppose most people on NHR are purchasing properties that are already far out of even the high-middle class Portuguese budget, thus not really having that much impact for 90% of the population. But they will on the contrary create jobs and bring capital into the country that years down the road can actually have a massively positive impact for Portugal as a whole, as many well educated Portuguese can then choose to stay and work in Portugal rather than migrate North to find better employment opportunity, as many do now.
5 years ago, before this ridiculous law for digital nomads with their lattes and the rheumatic brigade of American expacts, we were able to have the same houses you are talking about. What we need are immigrants who want to work, Brazilians for example. I've lived in Lisbon for 43 years and I feel like I'm the foreigner.
@@paulocorreia7942 I hear you, it just does not seem to me that NHR specifically has a lot to do with that. To blame NHR is a miss, as very few of the foreigners who come to Portugal actually have NHR - less than 10% as I recall. Also, Portugal is a dying country - birth rate has collapsed and any young person with lots of talent, skill and professional ambition is highly, highly incentivised to move out of Portugal for financial and career opportunities. You gotta break that cycle of losing people every year, or else your debt load and social system will literally crush the country. NHR is not perfect, but if you get rid of it you will not solve any real housing problem - you will just get rid of some people who could actually have an outsize positive impact on the Portuguese economy, while you will still have a lot of foreigners coming in, who can earn their money abroad, but who have no real advantage of NHR anyway, yet will still come. These people are mostly in the rental market is my impression, they compete with ordinary Portuguese for affordable rentals, they can just always afford to pay 20% more because they earn their money abroad. And on the same time they will not contribute much to the economy at all with their remote digital marketing and customer support jobs, unless they actually decide to stay, intermarry with the Portuguese and have lots of kids, which is yet to be seen. But apart from that scenario, getting rid of NHR on its own will not solve anything. But it WILL get rid of some of those people who can actually bring in lots of capital, lots of business and lots of knowledge and who can actually have an outsize positive impact on economic opportunity for local Portuguese. But other than that, sure, of course it would be better for Portugal to have primarily Portuguese citizens return home as well as Portuguese speaking Brazilians migrate to Portugal, rather than droves of retired Californians with all their cultural disruptions and who will never really contribute anything of substance to society.
@@mikaelpetersen3331 I didn't want to be rude, this is just the need to say something. Don't worry, we Portuguese talk and talk but at the end of the day you are welcome. Thank you for choosing Portugal.
@@paulocorreia7942 I do not think you were rude and I do think there is huge housing problem in Portugal because of inflow of foreigners, in particular in a city like Lisbon. Thank you, all the best
I feel sorry for struggling Portuguese nationals. I wish that foreigners who are planning to move to Portugal would learn the language so they would know how much gentrification is really affecting one of Europe's poorest countries.
Illiterate foreigners who are moving Portugal don't understand what is going on in Portugal. I used Illiterate not to insult, but I used it to imply that foreigners are not learning Portuguese, so they are illiterate.
If you are moving to Portugal, learn the language, respect the culture, and give back.
Boa sorte!
Thats exacly the problem... House prices are becoming Impossible for locals because this country became a trendy destination for rich foreigners
Foreigners should learn Portuguese so that they would know how much gentrification…. well, ‘very good’ argument for learning a foreign language. What a useless suggestion. And, even if they learn Portuguese, it would not probably help them to learn the reasons for gentrification, in Lisbon, which is the result of several complex causes.
By the way, I would suggest that you look at the problems of your own country, where you will probably find a good number of people who can not pay for properties located in central areas of major cities. Many of them are likely living in very poor areas of our country.
Well, thank you, but we do not need your sympathy.
Hi Ted! Nice job!
Couple technical notes: the sound goes off twice during your discussion of insurance hikes and vaccines is missing a “c.” 😊
Great catches, I will remember to catch those in the future
Certainly a lot of changes for you and the world since 2020. With connecting the rental prices to inflation, what happens when inflation comes down? I’m sure housing prices will not. Hopefully more available housing will help the situation.
How much does it cost for health insurance in Portugal for those over 60? If I get cancer for instance...Will that be covered?
Yes everything has gone up.... Especially Edp and Epal.
You know why there are no houses that working and middle class Portuguese people can afford in Lisbon and Porto? Rich trendy foreigners buying up land unchecked and pushing people into suburbs. Now rules are being put into place haphazardly and prices/wages will have to rise for the situation to become tenable again. And if that's true then it won't be as alluring for you to live in Lisbon.
Thanks for providing commenting and providing your insight
Ricardo. Esta malta vive da especulação. Não se preocupam minimamente com isso..
As pessoas já abandonavam o centro de Lisboa e do Porto antes dos americanos ou outras nacionalidades chegarem,os centros estavam em ruínas,parem com essa treta
I'm very grateful you take the time to make and post your videos here on TH-cam. Great content. Keep up the good work.
Getting rid of NHR seems like a foolish populist decision, considering how few people are actually using it. But those few people will have an outsize positive impact on the Portuguese economy, while causing just a fraction of the problems in the housing market.
The real problem of housing increases seem to be more related to:
1) Short term rentals to cater for AirBnb-style tourists (who stay anywhere from a week to a few months)
2) Massive inflow from foreigners in general, not specifically NHR-foreigners, who earn their money outside of Portugal and thus are able to pay much higher rents, while not actually being wealthy enough to purchase homes.
3) Lack of supply
I would suppose most people on NHR are purchasing properties that are already far out of even the high-middle class Portuguese budget, thus not really having that much impact for 90% of the population.
But they will on the contrary create jobs and bring capital into the country that years down the road can actually have a massively positive impact for Portugal as a whole, as many well educated Portuguese can then choose to stay and work in Portugal rather than migrate North to find better employment opportunity, as many do now.
I really appreciate that! thank you!
5 years ago, before this ridiculous law for digital nomads with their lattes and the rheumatic brigade of American expacts, we were able to have the same houses you are talking about. What we need are immigrants who want to work, Brazilians for example. I've lived in Lisbon for 43 years and I feel like I'm the foreigner.
@@paulocorreia7942 I hear you, it just does not seem to me that NHR specifically has a lot to do with that.
To blame NHR is a miss, as very few of the foreigners who come to Portugal actually have NHR - less than 10% as I recall.
Also, Portugal is a dying country - birth rate has collapsed and any young person with lots of talent, skill and professional ambition is highly, highly incentivised to move out of Portugal for financial and career opportunities. You gotta break that cycle of losing people every year, or else your debt load and social system will literally crush the country.
NHR is not perfect, but if you get rid of it you will not solve any real housing problem - you will just get rid of some people who could actually have an outsize positive impact on the Portuguese economy, while you will still have a lot of foreigners coming in, who can earn their money abroad, but who have no real advantage of NHR anyway, yet will still come.
These people are mostly in the rental market is my impression, they compete with ordinary Portuguese for affordable rentals, they can just always afford to pay 20% more because they earn their money abroad. And on the same time they will not contribute much to the economy at all with their remote digital marketing and customer support jobs, unless they actually decide to stay, intermarry with the Portuguese and have lots of kids, which is yet to be seen.
But apart from that scenario, getting rid of NHR on its own will not solve anything. But it WILL get rid of some of those people who can actually bring in lots of capital, lots of business and lots of knowledge and who can actually have an outsize positive impact on economic opportunity for local Portuguese.
But other than that, sure, of course it would be better for Portugal to have primarily Portuguese citizens return home as well as Portuguese speaking Brazilians migrate to Portugal, rather than droves of retired Californians with all their cultural disruptions and who will never really contribute anything of substance to society.
@@mikaelpetersen3331 I didn't want to be rude, this is just the need to say something. Don't worry, we Portuguese talk and talk but at the end of the day you are welcome. Thank you for choosing Portugal.
@@paulocorreia7942 I do not think you were rude and I do think there is huge housing problem in Portugal because of inflow of foreigners, in particular in a city like Lisbon.
Thank you, all the best