Retirement in Portugal

In recent years, Portugal has been considered the best European destination in different categories, such as a better tourist destination and a better destination for retirees.
Whether for peace, security or low cost of living, Portugal is receiving more and more foreigners, mainly Brazilians.
Something that has caught the attention of Brazilians is the possibility of living in the country European, only with retirement money.
The retiree must apply for a Residence Visa for retirees or income in the Consulate of Portugal. In this case, through the retirement, as well as the guarantee of their receipt or prove other income in the national territory.
In practical terms, in order for the retiree to obtain this type of visa (visa D7), minimum income required by the Portuguese government. The retired Brazilian citizen who intends to live in Portugal must have a monthly income equivalent minimum wage, which is currently € 580, that is, a certain amount of R $ 2,600 per month ( susceptible to changes of agreement as exchange).
The Brazilian retiree must then prove to the Portuguese government an income annual minimum of about R $ 31,000.00 to obtain the visa. Recalling, that if the person already has been taxed in Brazil for the receipt, there is no tax discount in Portugal.
Although it is a country with a low cost of living, compared to other Europe, the cost has been rising, especially in relation to the value of big cities. Therefore, before packing, you have to do the math and make a
extensive research so you do not take risks when making the change.
Most retirees opt to live in the south of the country, where the climate is and the increase in the price of real estate remains lower relative to the capital or other cities such as Porto and Braga.