CINXE.COM

<!DOCTYPE html><html lang="en"><head><meta charSet="UTF-8"/><link rel="canonical" href="https://www.clearcurrency.co.uk/cost-of-living/uk-vs-portugal"/><meta name="viewport" content="width=device-width, initial-scale=1"/><link rel="icon" href="/favicon.png"/><meta name="twitter:site" content="@ClearSpeaks"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:image" content="https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/f56029c396714a1b650a62f3a7712a768772afc3-1200x630.png"/><meta property="og:image" content="https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/f56029c396714a1b650a62f3a7712a768772afc3-1200x630.png"/><meta property="og:image:width" content="1200"/><meta property="og:image:height" content="630"/><title>Cost of Living Comparison: UK and Portugal | Clear Currency</title><meta property="og:title" content="Cost of Living Comparison: UK and Portugal | Clear Currency"/><meta name="description" content="In our guide to the cost of living, you can find out everything you need to know about how much it costs to live and work in Portugal."/><meta property="og:description" content="In our guide to the cost of living, you can find out everything you need to know about how much it costs to live and work in Portugal."/><meta property="og:url" content="https://clearcurrency.co.uk/cost-of-living/uk-vs-portugal"/><meta name="next-head-count" content="15"/><link rel="preconnect" data-href="https://use.typekit.net"/><script type="application/ld+json"> { "@context": "https://schema.org", "@type": "LocalBusiness", "name": "Clear Currency", "logo": "https://www.clearcurrency.co.uk/clear_full_logo_light.svg", "url": "https://www.clearcurrency.co.uk/", "telephone": "+44 207 151 4832", "email": "hello@clearcurrency.co.uk", "priceRange": "", "address": { "@type": "PostalAddress", "streetAddress": "288 Bishopsgate", "addressLocality": "London", "postalCode": "EC2M 4QP", "addressCountry": "GB" }, "geo": { "@type": "GeoCoordinates", "latitude": 51.51283, "longitude": -0.09476 }, "openingHoursSpecification": { "@type": "OpeningHoursSpecification", "dayOfWeek": [ "Monday", "Tuesday", "Wednesday", "Thursday", "Friday", "Saturday" ], "opens": "9:00AM", "closes": "6:00PM" } } </script><link rel="preload" href="/_next/static/css/4ab4666c99fd512a.css" as="style"/><link rel="stylesheet" href="/_next/static/css/4ab4666c99fd512a.css" data-n-g=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-5cd94c89d3acac5f.js"></script><script src="/_next/static/chunks/webpack-a71c803cffa77fb9.js" defer=""></script><script src="/_next/static/chunks/framework-5f4595e5518b5600.js" defer=""></script><script src="/_next/static/chunks/main-c586b89e07064d4a.js" defer=""></script><script src="/_next/static/chunks/pages/_app-be00338b6340da0c.js" defer=""></script><script src="/_next/static/chunks/821-f83149573c36aa05.js" defer=""></script><script src="/_next/static/chunks/710-2298881aeea0fc60.js" defer=""></script><script src="/_next/static/chunks/561-8308acbf1cdd550e.js" defer=""></script><script src="/_next/static/chunks/887-5900daf0ae8cb114.js" defer=""></script><script src="/_next/static/chunks/66-bcb568ec23d76f77.js" defer=""></script><script src="/_next/static/chunks/645-89daa4275aae517e.js" defer=""></script><script src="/_next/static/chunks/pages/%5B...route%5D-1f2e5566d9a36918.js" defer=""></script><script src="/_next/static/bSfD42lHbVWljo3NWW6_N/_buildManifest.js" defer=""></script><script src="/_next/static/bSfD42lHbVWljo3NWW6_N/_ssgManifest.js" defer=""></script><script src="/_next/static/bSfD42lHbVWljo3NWW6_N/_middlewareManifest.js" defer=""></script></head><body><div id="__next" data-reactroot=""><header class="fixed top-0 left-0 right-0 ease-in-out duration-300 z-50 bg-transparent"><div class="container relative flex justify-between items-center h-16"><a class="h-6 sm:h-8 sm:w-52 w-40 block relative" href="/"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="Clear Currency" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Clear Currency" sizes="100vw" srcSet="/clear_full_logo_light.svg 640w, /clear_full_logo_light.svg 750w, /clear_full_logo_light.svg 828w, /clear_full_logo_light.svg 1080w, /clear_full_logo_light.svg 1200w, /clear_full_logo_light.svg 1920w, /clear_full_logo_light.svg 2048w, /clear_full_logo_light.svg 3840w" src="/clear_full_logo_light.svg" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" loading="lazy"/></noscript></span></a><nav id="mainNav"><button class="relative z-40 py-4 text-white sm:hidden active:outline-none focus:outline-none" aria-controls="mobile-menu" aria-expanded="false"><span class="sr-only">Open main menu</span><svg class="h-6 w-6" stroke="currentColor" fill="none" viewBox="0 0 24 24"><path class="inline-flex" stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M4 6h16M4 12h16M4 18h16"></path><path class="hidden" stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M6 18L18 6M6 6l12 12"></path></svg></button><ul class="invisible sm:visible flex flex-col sm:flex-row sm:space-x-2 z-10 fixed sm:relative inset-0 p-6 sm:p-0 bg-gray-900 sm:bg-transparent"><li data-testid="nav-item" class="inline-block group false"><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white sm:group-hover:bg-white sm:group-hover:opacity-[0.95] sm:group-hover:text-gray-900 sm:group-hover:rounded-t sm:group-hover:rounded-b-none sm:group-hover:border-white false " role="menuitem" href="/personal">Personal</a><ul data-testid="dropdown" class="sm:absolute hidden z-50 bg-white opacity-95 rounded-b pb-2.5 pt-5 sm:group-hover:flex -ml-24 px-2.5 rounded-t " role="menu" aria-orientation="vertical" aria-labelledby="user-menu"><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer">Reasons for Transfer</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/buying-and-selling-property-abroad">Buying/Selling Property Abroad</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/medical-treatment">Medical Tourism</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/moving-abroad">Moving Abroad</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/overseas-inheritance">Overseas Inheritance</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/overseas-pensions">Overseas Pensions</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/reasons-for-international-money-transfer/retiring-overseas">Retiring Abroad</a></li></div><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad">Send Money Abroad</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/australia">Australia</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/portugal">Portugal</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/spain">Spain</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/uae">UAE</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/usa">USA</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad">See all</a></li></div><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert">Personal Money Transfers</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/aed-gbp">AED to GBP</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/gbp-cad">GBP to CAD</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/gbp-eur">GBP to EUR</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/gbp-usd">GBP to USD</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/gbp-eur">USD to EUR</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert">See all</a></li></div></ul></li><li data-testid="nav-item" class="inline-block group false"><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white sm:group-hover:bg-white sm:group-hover:opacity-[0.95] sm:group-hover:text-gray-900 sm:group-hover:rounded-t sm:group-hover:rounded-b-none sm:group-hover:border-white false " role="menuitem" href="/for-business">Business</a><ul data-testid="dropdown" class="sm:absolute hidden z-50 bg-white opacity-95 rounded-b pb-2.5 pt-5 sm:group-hover:flex -ml-24 px-2.5 rounded-t " role="menu" aria-orientation="vertical" aria-labelledby="user-menu"><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries">Industries</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/agriculture">Agriculture</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/international-trade">International Trade</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/manufacturing">Manufacturing</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/shipping">Shipping</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/textiles">Textiles</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/industries/travel">Travel</a></li></div><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad">Send Money Abroad</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/australia">Australia</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/france">France</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/germany">Germany</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/uae">UAE</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad/usa">USA</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/send-money-abroad">See All Countries</a></li></div><div class="pb-4"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white my-1 font-bold text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert">Business Money Transfers</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/risk-management">Fx Risk Management</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/currency-audit">Currency Audit</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/aed-gbp">AED to GBP</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/eur-gbp">EUR to GBP</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert/gbp-usd">GBP to USD</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white text-gray-600 hover:text-gray-900 px-5 hover:underline " role="menuitem" href="/convert">See All Currency Pairs</a></li></div></ul></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white false " role="menuitem" href="/partnerships">Partnerships</a></li><li data-testid="nav-item" class="inline-block group relative"><span role="button" class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white sm:group-hover:bg-white sm:group-hover:opacity-[0.95] sm:group-hover:text-gray-900 sm:group-hover:rounded-t sm:group-hover:rounded-b-none sm:group-hover:border-white false ">Consumer Info</span><ul data-testid="dropdown" class="sm:absolute hidden z-50 bg-white opacity-95 rounded-b pb-2.5 pt-5 sm:group-hover:block px-4 rounded-tr min-w-max " role="menu" aria-orientation="vertical" aria-labelledby="user-menu"><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white false text-gray-600 hover:text-gray-900 px-0 hover:underline " role="menuitem" href="/security-and-fraud">Fraud & Security</a></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white false text-gray-600 hover:text-gray-900 px-0 hover:underline " role="menuitem" href="/consumer-duty">Consumer Duty</a></li></ul></li><li><a class="block text-white hover:text-gray-900 border-b border-gray-400 sm:border-0 pt-4 px-4 sm:pb-0 pb-4 sm:py-1 w-full sm:w-auto whitespace-no-wrap sm:border-b-8 border-b sm:border-transparent sm:hover:bg-white sm:hover:opacity-[0.95] sm:hover:rounded sm:hover:border-white false " role="menuitem" href="/contact">Contact</a></li><li><a class="button button-outline button-light text-white sm:mt-0 sm:mx-0 mt-4" role="menuitem" href="https://new-payments.cleartreasury.co.uk/">Log in</a></li><li><a class="button button-dark sm:mt-0 sm:mx-0 mt-4" role="menuitem" href="/signup">Sign up</a></li></ul></nav></div></header><main><div class="relative bg-teal-600 text-white antialiased"><div class="container relative py-8 lg:py-16"><div class="mb-8 lg:mb-0 null"><div class="mb-6 mt-16 md:w-2/3 xl:w-1/2"><h1 class="text-4xl md:text-5xl lg:text-6xl font-serif leading-tight">Cost of Living Comparison: UK and Portugal</h1></div></div></div></div><div class="container flex flex-wrap py-10 lg:py-20"><div class="pb-8 w-1/4 flex flex-col"><div><div><p class="md:text-lg mb-0 leading-tight"></p></div></div><span class="mt-2 text-jade-600">Published <time dateTime="2023-01-11T14:24:03.846Z">January 11, 2023</time></span><span class="text-xs md:text-sm text-gray-400 mb-2">Last Updated <time dateTime="2023-01-16T15:02:06Z">January 16, 2023</time></span><span class="text-xs">10 min read</span></div><div data-content="main"><div class="prose prose-lg prose-green mr-auto"><p><strong>If you’re daydreaming about laid back European life, endless sunshine and afternoons spent sipping coffee and eating one too many pastel de nata, it sounds like an overseas move to Portugal is on the cards. To help you make the most informed decision on your move abroad, you’ll want to have a strong understanding of the cost of living in Portugal.</strong></p><p>In our practical guide, we’ll answer the following questions and more:</p><ul class="mb-4 leading-normal ml-8"><li class="mb-2">What is the cost of living in Portugal compared to the UK?</li><li class="mb-2">What is the cost of living in different Portuguese cities, such as Lisbon, Porto and Madeira? How do these figures compare against those of Spain and other countries worldwide?</li><li class="mb-2">Is there a cost of living crisis in Portugal and how will this affect my day-to-day life as an expat?</li></ul><p>Once you’ve finished reading, you’ll have a clear idea of costs and whether Portugal’s expat costs of living are worth you making the decision to relocate.</p><h2>Why Might People Choose to Move to Portugal?</h2><p><a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/stories/working-and-living-abroad">Portugal is a popular country to live among its expats</a> and residents. In the <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://cms.in-cdn.net/cdn/file/cms-media/public/2021-11/Expat-Insider_City-Ranking-Report-2021_1.pdf">InterNations Expat Insider 2021 survey</a>, Portugal ranked first worldwide for expats feeling at home. Portugal also ranked in sixth position in the <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.visionofhumanity.org/wp-content/uploads/2022/06/GPI-2022-web.pdf">2022 Global Peace Index</a>, which monitors the safest countries in the world, following closely behind Iceland, New Zealand, Ireland, Denmark, and Austria.</p><p>In the <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.oecdbetterlifeindex.org/countries/portugal/">OECD Better Life Indicators study</a>, Portugal’s capital city Lisbon scored higher than average for water and air quality, as well as ranking 37th out of 231 cities in <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://mobilityexchange.mercer.com/insights/quality-of-living-rankings">Mercer's 2019 Quality of Living City Ranking</a> and beating Paris, Milan, London and Barcelona (Expatica.com).</p><h2>Factors Affecting the Choice to Move to Portugal</h2><h3>Obtaining a visa as a non-EU citizen</h3><p>Following Brexit, you’ll need to secure a visa in order to move abroad to Portugal. One way you can do this is through the <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://getgoldenvisa.com/portugal-golden-visa-program">Portuguese Golden Visa programme</a>, also known as the residence permit for investment activity (ARI). It allows non-EU citizens to live, work, and study in the city for a minimum of seven days per year, with the opportunity to become a permanent resident or citizen of Portugal in five to six years’ time.</p><p>Once you become a Portuguese citizen, you’ll get visa-free access to 188 countries. As part of the Portugal Golden Visa eligibility criteria, you have to make a qualifying investment to obtain the right to live, work and study in the country. You can quality for residency by investing £246,753.16, which is one of the lowest investment thresholds in Europe.</p><h3>Paying for accommodation</h3><p>If your plan is to relocate to Portugal long-term, you’ll need to find suitable accommodation – one of the first costs to tick off your list <a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/stories/cost-to-move-to-another-country">when moving to another country</a>. You can expect to pay a deposit, mortgage or rental payments, and estate agent and solicitor fees. Before committing to a mortgage and <a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/stories/buying-property-abroad">buying a property abroad</a>, ensure you do your research on the local amenities, travel links, schools if necessary, and crime rates.</p><p>Where you choose to move depends on your personal interests. Lisbon is a melting pot of cultures, with over 87 nationalities and a diverse range of restaurants and bars. If you have your heart set on your own place in the sun, you'll soon settle into the popular beach region of the Algarve. Other expats choose to live in the north of Lisbon, home to quaint fishing villages and coastal cities galore.</p><h3>Securing health insurance</h3><p>Non-EU nationals who can afford it are advised to take out private health insurance before arriving in Portugal to cover any necessary medical treatments. You’ll normally have to pay for private services upfront and claim a reimbursement from your insurer. While the cost is higher than the public healthcare system, the benefits of going private include shorter waiting times, better facilities, wider choice, and fewer language barriers.</p><h2>The Cost of Living in Portugal Compared to the UK</h2><p>Firstly, is there a cost of living crisis in Portugal?</p><p>Yes, like most countries in the G7, Portugal is experiencing a cost of living crisis. This has caused knock-on disruption to supply chains, all during a time of uneven economic recovery from the global pandemic.</p><p>Provisional data from the National Statistics Institute (INE) found that inflation in Portugal reached <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.idealista.pt/en/news/financial-advice-in-portugal/2022/09/19/5199-from-housing-to-energy-how-inflation-is-impacting-the-cost-of-living-in">9.0% in August 2022</a>, which is reflected in the country’s skyrocketing costs of food and drink, fuel, rent, electricity and gas bills. The <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.idealista.pt/en/news/financial-advice-in-portugal/2022/09/19/5199-from-housing-to-energy-how-inflation-is-impacting-the-cost-of-living-in">Bank of Portugal has warned</a> that inflation will continue to spread to goods and services that have previously had more stable prices, such as education and health services, rent and restaurants and cafes.</p><p>It’s worth expats looking to move to Portugal to learn about the country’s <a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/stories/transferring-money-france-spain-italy-portugal-cyprus">foreign exchange transfer fees</a>, as most Portuguese banks charge between £17.54 and £26.30 per transaction. On top of this, you’ll then pay a fee from the receiving bank in the UK too.</p><h3>Monthly living costs vs salary expectations</h3><p>Using data from Numbeo.com, we’ve marked up Portuguese living costs against average monthly salaries, and then compared these to the most popular cities in the UK and further afield.</p><p>Here’s a snapshot of our learnings about the average cost of living in Portugal:</p><ul class="mb-4 leading-normal ml-8"><li class="mb-2">The cost of living in Portugal averages at <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">26.62% lower</a> than the United Kingdom.</li><li class="mb-2">Estimated monthly cost of living for a single person in Portugal – <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£496.81 </a>without rent, compared to <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£692.36</a> in the UK.</li><li class="mb-2">Estimated monthly cost of living in Portugal for a family of four – <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£1,748.01</a> without rent, compared to <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£2,388.79</a> in the UK.</li><li class="mb-2">Food in Portugal is 22% cheaper than in the UK, housing is 43% cheaper and transportation is 59% cheaper (<a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.expatistan.com/cost-of-living/country/comparison/united-kingdom/portugal">Expatisan</a>).</li></ul><p>The cost of living in the United Kingdom is more expensive than in 79% of countries in Western Europe, and 84% of countries in the world (<a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.expatistan.com/cost-of-living/country/united-kingdom">Expatisan</a>).</p><p>Here’s how the monthly cost of living in Portugal measures up against a few other cities globally:</p><ul class="mb-4 leading-normal ml-8"><li class="mb-2"><strong>Lisbon versus London</strong> – Consumer prices, including rent, in Lisbon are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">39.20% lower</a> than in London. Restaurant prices in Lisbon are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">35.45% lower</a><strong> </strong>than in London, while groceries are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">25.16% lower</a> in Lisbon.</li><li class="mb-2"><strong>Lisbon versus <a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/cost-of-living/spain-vs-uk">Barcelona</a></strong> – Consumer prices in Lisbon are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">12.55% lower</a> than in Barcelona, without rent. In Lisbon, rental prices are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">10.65% higher </a>than in Barcelona. Groceries are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">10.57% lower</a> in Lisbon, while restaurant prices are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">16.07% lower</a> in Lisbon than Barcelona.</li><li class="mb-2"><strong>Lisbon versus <a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/cost-of-living/canada-vs-uk">Ottawa</a></strong> – Consumer prices, including rent, in Lisbon are <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/in/Lisbon">17.36% lower</a> than in Ottawa, Canada.</li></ul><h3>Rental prices</h3><p>While Portuguese rental costs are lower than in UK cities such as London, they’re still recognised as being high in comparison to average wages.</p><ul class="mb-4 leading-normal ml-8"><li class="mb-2">The cost of rent for a one-bedroom city centre apartment in Portugal is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£633.32</a>. In the UK this is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£894.47</a>.</li><li class="mb-2">The cost of rent for a one-bedroom apartment outside of a city centre in Portugal is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£504.76</a>. In the UK this is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£678.56</a>.</li><li class="mb-2">The cost of rent for a three-bedroom city centre apartment in Portugal is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£1,137.67</a>. In the UK it’s <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£1,600.69</a>.</li><li class="mb-2">The cost of rent for a three-bedroom apartment outside of a city centre in Portugal is <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal">£814.48</a>. In the UK it's <a class="underline text-green-600 hover:no-underline" target="_blank" href="https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom">£1,198.26</a>.</li></ul><h3>Additional monthly costs</h3><p>From utilities to internet, public transportation and leisure, these are the additional costs you can expect to pay in Portugal every month after your rent.</p><table class="w-full table-auto my-2 custom_table"><tr><td class="py-3 px-4 text-sm text-gray-900"></td><td class="py-3 px-4 text-sm text-gray-900">UK</td><td class="py-3 px-4 text-sm text-gray-900">Portugal</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Basic household bills (electricity, heating, water, garbage)</td><td class="py-3 px-4 text-sm text-gray-900">£183.76</td><td class="py-3 px-4 text-sm text-gray-900">£96.36</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Three-course meal for two at a mid-range restaurant</td><td class="py-3 px-4 text-sm text-gray-900">£55.00</td><td class="py-3 px-4 text-sm text-gray-900">£34.95</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Internet connection</td><td class="py-3 px-4 text-sm text-gray-900">£30.17</td><td class="py-3 px-4 text-sm text-gray-900">£29.69</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Gym/leisure centre membership</td><td class="py-3 px-4 text-sm text-gray-900">£31.05 </td><td class="py-3 px-4 text-sm text-gray-900">£29.95</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Cinema ticket</td><td class="py-3 px-4 text-sm text-gray-900">£10.00</td><td class="py-3 px-4 text-sm text-gray-900">£6.12</td></tr><tr><td class="py-3 px-4 text-sm text-gray-900">Monthly public transportation ticket</td><td class="py-3 px-4 text-sm text-gray-900">£65.22</td><td class="py-3 px-4 text-sm text-gray-900">£1.49</td></tr></table><h2>Key Takeaways</h2><p>Need a quick summary of the cost of living in Portugal? Here are the facts to remember:</p><ul class="mb-4 leading-normal ml-8"><li class="mb-2">Portugal offers more than just sunny climes, delicious cuisine and culture at every corner. It’s recognised as welcoming to expats and is one of the safest places to live in the world.</li><li class="mb-2">Portugal has a cost of living crisis and in August 2022, inflation rose to 9%. This resulted in the cost of household groceries and fuel rising, as well as costs in different sectors including education, health services, rent, restaurants and cafes.</li><li class="mb-2">Non-EU nationals can apply for the Portugal Golden Visa, which allows expats to live, work, and study in Portugal, with the opportunity to become a permanent resident or citizen in five to six years' time. Once you become a Portuguese citizen, you’ll get visa-free access to 188 countries.</li><li class="mb-2">The cost of living in Portugal is on average 26.62% lower than the United Kingdom (Numbeo.com). Food is 24% cheaper in Portugal, housing is 46% cheaper and transportation is 59% cheaper than in the UK (Expatisan).</li><li class="mb-2">In general, consumer prices without rent are lower in Lisbon than in cities including Barcelona, Paris, New York and Ottawa. However, rental prices in Lisbon are 10.65% higher than in Barcelona (Numbeo.com).</li></ul><h2>Make Your International Money Transfers Easy with Clear Currency</h2><p>With everything you need about Portugal’s cost of living compared to the UK, you can benefit from quick, easy and secure international money transfers with Clear Currency.</p><p>When you join us, your currency expert will help you secure the best exchange rates between the British pound and Euro EUR. Your transfer will be jargon-free, personalised to your needs and free of any payment fees.</p><p><a class="underline text-green-600 hover:no-underline" href="https://www.clearcurrency.co.uk/signup">Open your free Clear Currency account today</a> for cost-effective foreign currency transfers. Alternatively, you can get in touch<strong> </strong>on our live chat, call or send us an email.</p></div></div></div><div class="container border-t border-gray-200 "><div class="flex flex-wrap justify-between items-center"><a class="w-full pt-4 sm:pt-0 sm:w-1/2 text-green-600 group" href="/stories">← <span class="underline group-hover:no-underline">Back to articles</span></a><div class="flex items-center py-4"><span class="text-gray-400">Share this:</span><a href="https://facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.clearcurrency.co.uk%2Fcost-of-living%2Fuk-vs-portugal" target="_blank" rel="noopener noreferrer" class="inline-block text-white m-2 p-2 rounded-full duration-300 leading-4 ease-out hover:bg-opacity-75 w-10 h-10 bg-facebook fill-white"><svg class="fill-current text-white stroke-0 leading-5" xmlns="http://www.w3.org/2000/svg" version="1.1" width="24px" height="24px" x="0px" y="0px" viewBox="0 0 24 24" enable-background="new 0 0 24 24" xml:space="preserve"><g><path d="M18.768,7.465H14.5V5.56c0-0.896,0.594-1.105,1.012-1.105s2.988,0,2.988,0V0.513L14.171,0.5C10.244,0.5,9.5,3.438,9.5,5.32 v2.145h-3v4h3c0,5.212,0,12,0,12h5c0,0,0-6.85,0-12h3.851L18.768,7.465z"></path></g></svg><span class="leading-4 hidden">Facebook</span></a><a href="https://twitter.com/intent/tweet/?text=If%20you%E2%80%99re%20daydreaming%20about%20laid%20back%20European%20life%2C%20endless%20sunshine%20and%20afternoons%20spent%20sipping%20coffee%20and%20eating%20one%20too%20many%20pastel%20de%20nata%2C%20it%20sounds%20like%20an%20overseas%20move%20to%20Portugal%20is%20on%20the%20cards.%20To%20help%20you%20make%20the%20most%20informed%20decision%20on%20your%20move%20abroad%2C%20you%E2%80%99ll%20want%20to%20have%20a%20strong%20understanding%20of%20the%20cost%20of%20living%20in%20Portugal.&url=https%3A%2F%2Fwww.clearcurrency.co.uk%2Fcost-of-living%2Fuk-vs-portugal" target="_blank" rel="noopener noreferrer" class="inline-block text-white m-2 p-2 rounded-full duration-300 leading-4 ease-out hover:bg-opacity-75 w-10 h-10 bg-twitter fill-white"><svg class="fill-current text-white stroke-0 leading-5" xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24"><path stroke-width="2px" stroke-linejoin="round" stroke-miterlimit="10" d="M23.407 4.834c-.814.363-1.5.375-2.228.016.938-.562.981-.957 1.32-2.019-.878.521-1.851.9-2.886 1.104-.827-.882-2.009-1.435-3.315-1.435-2.51 0-4.544 2.036-4.544 4.544 0 .356.04.703.117 1.036-3.776-.189-7.125-1.998-9.366-4.748-.391.671-.615 1.452-.615 2.285 0 1.577.803 2.967 2.021 3.782-.745-.024-1.445-.228-2.057-.568l-.001.057c0 2.202 1.566 4.038 3.646 4.456-.666.181-1.368.209-2.053.079.579 1.804 2.257 3.118 4.245 3.155-1.944 1.524-4.355 2.159-6.728 1.881 2.012 1.289 4.399 2.041 6.966 2.041 8.358 0 12.928-6.924 12.928-12.929l-.012-.588c.886-.64 1.953-1.237 2.562-2.149z"></path></svg><span class="leading-4 hidden">Twitter</span></a><a href="https://www.linkedin.com/shareArticle?mini=true&text=If%20you%E2%80%99re%20daydreaming%20about%20laid%20back%20European%20life%2C%20endless%20sunshine%20and%20afternoons%20spent%20sipping%20coffee%20and%20eating%20one%20too%20many%20pastel%20de%20nata%2C%20it%20sounds%20like%20an%20overseas%20move%20to%20Portugal%20is%20on%20the%20cards.%20To%20help%20you%20make%20the%20most%20informed%20decision%20on%20your%20move%20abroad%2C%20you%E2%80%99ll%20want%20to%20have%20a%20strong%20understanding%20of%20the%20cost%20of%20living%20in%20Portugal.&url=https%3A%2F%2Fwww.clearcurrency.co.uk%2Fcost-of-living%2Fuk-vs-portugal" target="_blank" rel="noopener noreferrer" class="inline-block text-white m-2 p-2 rounded-full duration-300 leading-4 ease-out hover:bg-opacity-75 w-10 h-10 bg-linkedin fill-white"><svg class="fill-current text-white stroke-0 leading-5" xmlns="http://www.w3.org/2000/svg" version="1.1" width="24px" height="24px" x="0px" y="0px" viewBox="0 0 248 204" enable-background="0 0 248 204" xml:space="preserve"><g><path class="st0" d="M40.1,3.4h167.3c3.6,0,7.3,1.1,10,3.5c3.2,2.7,5.1,6.7,5.1,10.8c0,56.3,0,112.7,0,169c-0.1,4-2,7.9-5,10.5 c-2.6,2.2-6,3.5-9.4,3.4c-56.2,0-112.5,0-168.7,0c-4.2-0.1-8.4-2.1-11-5.4c-2-2.5-3.1-5.6-3.1-8.8c0-56.2,0-112.4,0-168.7 c0-4.2,2-8.4,5.3-11C33.3,4.5,36.7,3.5,40.1,3.4z M66.6,30.9c-2.9,0.5-5.7,1.8-8,3.7c-4.3,3.5-6.7,9.3-6,14.9 c0.4,3.9,2.2,7.6,5,10.2c3.6,3.6,9,5.4,14,4.6c4.2-0.6,8.2-2.8,10.9-6.2c2.5-3.1,3.8-7,3.7-10.9c0-6.1-3.8-11.9-9.2-14.7 C73.8,30.9,70.1,30.3,66.6,30.9z M131.8,88.6c-0.4,0.6-0.8,1.4-1.5,1.8c-0.1-4.3,0-8.6,0-13c-9.3,0-18.7,0-28,0 c0,31.3,0,62.6,0,93.9c9.7,0,19.5,0,29.2,0c0-16.4,0-32.7,0-49.1c0.1-4.2,0.6-8.4,2.2-12.3c1.2-2.9,3.1-5.5,5.8-7 c3.7-2.2,8.1-2.5,12.3-2.1c3.7,0.4,7.3,2.4,9.2,5.6c2.8,4.6,3.1,10.2,3.3,15.4c0,16.5,0,33,0,49.5c9.7,0,19.4,0,29.1,0 c0-7,0-14.1,0-21.1c-0.1-8.3,0.2-16.7,0.1-25c0-9.8,0.1-19.8-2.8-29.2c-1.8-6.1-5.3-11.9-10.7-15.4c-6.6-4.5-14.8-5.6-22.6-5.5 C147.2,75,137.3,80.2,131.8,88.6z M54.7,77.5c0,31.3,0,62.6,0,93.9c9.7,0,19.5,0,29.2,0c0-31.3,0-62.6,0-93.9 C74.1,77.5,64.4,77.5,54.7,77.5z"></path></g></svg><span class="leading-4 hidden">Twitter</span></a><a href="mailto:%20?subject=If%20you%E2%80%99re%20daydreaming%20about%20laid%20back%20European%20life%2C%20endless%20sunshine%20and%20afternoons%20spent%20sipping%20coffee%20and%20eating%20one%20too%20many%20pastel%20de%20nata%2C%20it%20sounds%20like%20an%20overseas%20move%20to%20Portugal%20is%20on%20the%20cards.%20To%20help%20you%20make%20the%20most%20informed%20decision%20on%20your%20move%20abroad%2C%20you%E2%80%99ll%20want%20to%20have%20a%20strong%20understanding%20of%20the%20cost%20of%20living%20in%20Portugal.&body=https%3A%2F%2Fwww.clearcurrency.co.uk%2Fcost-of-living%2Fuk-vs-portugal" target="_blank" rel="noopener noreferrer" class="inline-block text-white m-2 p-2 rounded-full duration-300 leading-4 ease-out hover:bg-opacity-75 w-10 h-10 bg-teal-700 fill-white"><svg class="fill-current text-white stroke-0 leading-5" xmlns="http://www.w3.org/2000/svg" version="1.1" x="0px" y="0px" width="24px" height="24px" viewBox="0 0 24 24" enable-background="new 0 0 24 24" xml:space="preserve"><path d="M22,4H2C0.897,4,0,4.897,0,6v12c0,1.103,0.897,2,2,2h20c1.103,0,2-0.897,2-2V6C24,4.897,23.103,4,22,4z M7.248,14.434 l-3.5,2C3.67,16.479,3.584,16.5,3.5,16.5c-0.174,0-0.342-0.09-0.435-0.252c-0.137-0.239-0.054-0.545,0.186-0.682l3.5-2 c0.24-0.137,0.545-0.054,0.682,0.186C7.571,13.992,7.488,14.297,7.248,14.434z M12,14.5c-0.094,0-0.189-0.026-0.271-0.08l-8.5-5.5 C2.997,8.77,2.93,8.46,3.081,8.229c0.15-0.23,0.459-0.298,0.691-0.147L12,13.405l8.229-5.324c0.232-0.15,0.542-0.084,0.691,0.147 c0.15,0.232,0.083,0.542-0.148,0.691l-8.5,5.5C12.189,14.474,12.095,14.5,12,14.5z M20.934,16.248 C20.842,16.41,20.673,16.5,20.5,16.5c-0.084,0-0.169-0.021-0.248-0.065l-3.5-2c-0.24-0.137-0.323-0.442-0.186-0.682 s0.443-0.322,0.682-0.186l3.5,2C20.988,15.703,21.071,16.009,20.934,16.248z"></path></svg><span class="leading-4 hidden">Email</span></a></div></div></div><section class="container flex flex-col items-center border-t border-gray-200 py-10 lg:py-[65px]"><div class="text-center mb-24"><h2 class="text-2xl sm:text-[40px] mb-6 font-serif">Related Articles</h2></div><div class="grid grid-cols-1 sm:grid-cols-2 lg:grid-cols-3 w-[100%] gap-6 gap-y-16 pb-[65px]"><a class="block" href="/stories/mitigate-foreign-exchange-risk"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:50%"></span><img alt="How to Mitigate Foreign Exchange Risk" data-sizes="auto" data-srcset=" https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/cf6199a09729244bd0e4dfd488a3d65026d1476f-1000x800.png?w=309&h=151&fit=crop&auto=format 320w, https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/cf6199a09729244bd0e4dfd488a3d65026d1476f-1000x800.png?w=640&h=312&fit=crop&auto=format 640w " src="data:image/png;base64,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" decoding="async" data-nimg="responsive" class="lazyload m-auto sm:ml-0 w-full mb-6" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain"/></span><div class="flex justify-between mb-1"><span class="overline-title">Guides</span><span class="overline-title">Sep 11, 2023</span></div><h3 class="text-xl lg:text-2xl leading-tight font-normal mb-2 text-gray-800">How to Mitigate Foreign Exchange Risk</h3><p class="text-base leading-normal font-normal text-gray-500 mb-2 ">Currency risk can have a significant effect on the efficiency and profitability of any international business. Each exchange rate movement affects how much you receive from sales and what you pay to suppliers. </p><p class="text-green-700 font-bold">Read more <svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="2" stroke="currentColor" aria-hidden="true" class="h-4 w-4 inline"><path stroke-linecap="round" stroke-linejoin="round" d="M14 5l7 7m0 0l-7 7m7-7H3"></path></svg></p></a><a class="block" href="/stories/moving-to-dubai-checklist"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:50%"></span><img alt="Moving to Dubai from the UK: Checklist" data-sizes="auto" data-srcset=" https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/e1ba3c472043dd70a3f6a64cbb254c9afad92723-960x640.jpg?w=309&h=151&fit=crop&auto=format 320w, https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/e1ba3c472043dd70a3f6a64cbb254c9afad92723-960x640.jpg?w=640&h=312&fit=crop&auto=format 640w " src="data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAANABQDASIAAhEBAxEB/8QAFwAAAwEAAAAAAAAAAAAAAAAAAAMEB//EACEQAAICAQQCAwAAAAAAAAAAAAECAwQABRETIQYSMUFR/8QAFgEBAQEAAAAAAAAAAAAAAAAAAgME/8QAGxEBAAICAwAAAAAAAAAAAAAAAQACAxIRIUH/2gAMAwEAAhEDEQA/AMNjqV0kKs7zzL310MbVVZJ34XEf6p+Qck1i4Yo3EcYXYgDY4jx+07880gDOhDDE1eG0Wx0Er1GrOlnr2O4Bwy+xq8tiUycaJ9bAYZjMuT0ltKz/2Q==" decoding="async" data-nimg="responsive" class="lazyload m-auto sm:ml-0 w-full mb-6" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain"/></span><div class="flex justify-between mb-1"><span class="overline-title">Guides</span><span class="overline-title">Feb 22, 2023</span></div><h3 class="text-xl lg:text-2xl leading-tight font-normal mb-2 text-gray-800">Moving to Dubai from the UK: Checklist</h3><p class="text-base leading-normal font-normal text-gray-500 mb-2 ">You’re ready for a new life overseas and have decided you’re moving to Dubai. Now it’s time to consider the various costs involved, from your visa and accommodation, to health insurance, shipping your belongings and bringing your beloved pets along too. </p><p class="text-green-700 font-bold">Read more <svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="2" stroke="currentColor" aria-hidden="true" class="h-4 w-4 inline"><path stroke-linecap="round" stroke-linejoin="round" d="M14 5l7 7m0 0l-7 7m7-7H3"></path></svg></p></a><a class="block" href="/stories/currency-outlook-q1-2023"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:50%"></span><img alt="Currency Outlook Quarter 1 2023" data-sizes="auto" data-srcset=" https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/16262363da42da298a4de5b5e28fa187c0599afc-2000x800.jpg?w=309&h=151&fit=crop&auto=format 320w, https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/16262363da42da298a4de5b5e28fa187c0599afc-2000x800.jpg?w=640&h=312&fit=crop&auto=format 640w " src="data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAAIABQDASIAAhEBAxEB/8QAFgABAQEAAAAAAAAAAAAAAAAAAAUH/8QAIxAAAQMDAgcAAAAAAAAAAAAAAQACAwUGEQQSExQhIlFxgf/EABcBAAMBAAAAAAAAAAAAAAAAAAECAwT/xAAYEQEBAAMAAAAAAAAAAAAAAAAAAQIREv/aAAwDAQACEQMRAD8AiWS6mRVmObUTHETSIXOfjb7WoQ3JzAaNHJG4uJG49B8REuU1FYCkXVIOIyqR7H9zQGZwPCIizjzH/9k=" decoding="async" data-nimg="responsive" class="lazyload m-auto sm:ml-0 w-full mb-6" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain"/></span><div class="flex justify-between mb-1"><span class="overline-title">Market Insight</span><span class="overline-title">Jan 17, 2023</span></div><h3 class="text-xl lg:text-2xl leading-tight font-normal mb-2 text-gray-800">Currency Outlook Quarter 1 2023</h3><p class="text-base leading-normal font-normal text-gray-500 mb-2 ">Clear Currency looks back at the performance of the US dollar, euro and sterling in Q4 2022, and assesses what might be in store for Q1 2023.</p><p class="text-green-700 font-bold">Read more <svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="2" stroke="currentColor" aria-hidden="true" class="h-4 w-4 inline"><path stroke-linecap="round" stroke-linejoin="round" d="M14 5l7 7m0 0l-7 7m7-7H3"></path></svg></p></a></div></section></main><footer class="relative antialiased text-white bg-teal-700"><div class="container flex flex-wrap py-12 md:justify-between"><nav class="flex w-full lg:w-auto"><ul class="flex flex-col flex-wrap max-h-56"><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/personal">Personal</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/for-business">Business</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/partnerships">Partnerships</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/insights">Insights</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/careers">Careers</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/frequently-asked-questions">FAQs</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/send-money-abroad">Send Money Abroad</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/reasons-for-international-money-transfer">Reasons For Transfer</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/security-and-fraud">Security and Fraud</a></li><li class="lg:w-72"><a class="text-white no-underline hover:text-gray-200 hover:underline" href="/contact">Contact</a></li></ul></nav><div class="lg:w-1/2"><div class="flex flex-wrap"><div class="w-full pt-6 pr-6 sm:w-1/2 lg:py-0"><p class="py-1 text-xl">London</p><p class="leading-loose">288 Bishopsgate </p><p class="leading-loose">EC2M 4QP</p><p class="leading-loose">United Kingdom</p><a class="text-green-600 no-underline hover:underline" href="tel:+442071514870">+44 (0)20 7151 4870</a></div><div class="w-full pt-6 pr-6 sm:w-1/2 lg:py-0"><p class="py-1 text-xl">Dublin</p><p class="leading-loose">16 Fitzwilliam Place</p><p class="leading-loose">D02 FF82</p><p class="leading-loose">Ireland</p><a class="text-green-600 no-underline hover:underline" href="tel:+35315676690">+353 (0)1 567 6690</a></div></div><div class="flex lg:justify-end pt-7"><a href="https://www.facebook.com/clearcurrency" target="_blank" rel="nofollow noopener" class="flex items-center justify-center w-10 h-10 mx-2 rounded-full bg-facebook"><svg class="fill-white" xmlns="http://www.w3.org/2000/svg" version="1.1" width="24px" height="24px" x="0px" y="0px" viewBox="0 0 24 24" enable-background="new 0 0 24 24" xml:space="preserve"><g><path d="M18.768,7.465H14.5V5.56c0-0.896,0.594-1.105,1.012-1.105s2.988,0,2.988,0V0.513L14.171,0.5C10.244,0.5,9.5,3.438,9.5,5.32 v2.145h-3v4h3c0,5.212,0,12,0,12h5c0,0,0-6.85,0-12h3.851L18.768,7.465z"></path></g></svg></a><a href="https://twitter.com/clearspeaks" target="_blank" rel="nofollow noopener" class="flex items-center justify-center w-10 h-10 mx-2 rounded-full bg-twitter"><svg class="fill-white" xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24"><path stroke-width="2px" stroke-linejoin="round" stroke-miterlimit="10" d="M23.407 4.834c-.814.363-1.5.375-2.228.016.938-.562.981-.957 1.32-2.019-.878.521-1.851.9-2.886 1.104-.827-.882-2.009-1.435-3.315-1.435-2.51 0-4.544 2.036-4.544 4.544 0 .356.04.703.117 1.036-3.776-.189-7.125-1.998-9.366-4.748-.391.671-.615 1.452-.615 2.285 0 1.577.803 2.967 2.021 3.782-.745-.024-1.445-.228-2.057-.568l-.001.057c0 2.202 1.566 4.038 3.646 4.456-.666.181-1.368.209-2.053.079.579 1.804 2.257 3.118 4.245 3.155-1.944 1.524-4.355 2.159-6.728 1.881 2.012 1.289 4.399 2.041 6.966 2.041 8.358 0 12.928-6.924 12.928-12.929l-.012-.588c.886-.64 1.953-1.237 2.562-2.149z"></path></svg></a><a href="https://www.linkedin.com/company/5304889" target="_blank" rel="nofollow noopener" class="flex items-center justify-center w-10 h-10 ml-2 rounded-full bg-linkedin"><svg class="fill-white" xmlns="http://www.w3.org/2000/svg" version="1.1" width="24px" height="24px" x="0px" y="0px" viewBox="0 0 248 204" enable-background="0 0 248 204" xml:space="preserve"><g><path class="st0" d="M40.1,3.4h167.3c3.6,0,7.3,1.1,10,3.5c3.2,2.7,5.1,6.7,5.1,10.8c0,56.3,0,112.7,0,169c-0.1,4-2,7.9-5,10.5 c-2.6,2.2-6,3.5-9.4,3.4c-56.2,0-112.5,0-168.7,0c-4.2-0.1-8.4-2.1-11-5.4c-2-2.5-3.1-5.6-3.1-8.8c0-56.2,0-112.4,0-168.7 c0-4.2,2-8.4,5.3-11C33.3,4.5,36.7,3.5,40.1,3.4z M66.6,30.9c-2.9,0.5-5.7,1.8-8,3.7c-4.3,3.5-6.7,9.3-6,14.9 c0.4,3.9,2.2,7.6,5,10.2c3.6,3.6,9,5.4,14,4.6c4.2-0.6,8.2-2.8,10.9-6.2c2.5-3.1,3.8-7,3.7-10.9c0-6.1-3.8-11.9-9.2-14.7 C73.8,30.9,70.1,30.3,66.6,30.9z M131.8,88.6c-0.4,0.6-0.8,1.4-1.5,1.8c-0.1-4.3,0-8.6,0-13c-9.3,0-18.7,0-28,0 c0,31.3,0,62.6,0,93.9c9.7,0,19.5,0,29.2,0c0-16.4,0-32.7,0-49.1c0.1-4.2,0.6-8.4,2.2-12.3c1.2-2.9,3.1-5.5,5.8-7 c3.7-2.2,8.1-2.5,12.3-2.1c3.7,0.4,7.3,2.4,9.2,5.6c2.8,4.6,3.1,10.2,3.3,15.4c0,16.5,0,33,0,49.5c9.7,0,19.4,0,29.1,0 c0-7,0-14.1,0-21.1c-0.1-8.3,0.2-16.7,0.1-25c0-9.8,0.1-19.8-2.8-29.2c-1.8-6.1-5.3-11.9-10.7-15.4c-6.6-4.5-14.8-5.6-22.6-5.5 C147.2,75,137.3,80.2,131.8,88.6z M54.7,77.5c0,31.3,0,62.6,0,93.9c9.7,0,19.5,0,29.2,0c0-31.3,0-62.6,0-93.9 C74.1,77.5,64.4,77.5,54.7,77.5z"></path></g></svg></a></div></div></div></footer><footer class="py-6 text-white bg-teal-800"><div class="container flex flex-wrap mb-6 md:justify-between"><nav class="flex w-full lg:w-auto"><ul class="flex flex-col sm:flex-row sm:space-x-4 md:space-x-6 lg:space-x-8"><li><a href="/terms-of-business" class="text-white no-underline hover:text-gray-200 hover:underline">Terms of Business</a></li><li><a href="/privacy-policy" class="text-white no-underline hover:text-gray-200 hover:underline">Privacy Policy</a></li><li><a href="/consumer-duty" class="text-white no-underline hover:text-gray-200 hover:underline">Consumer Duty</a></li><li><a href="/frequently-asked-questions#are-my-funds-safe" class="text-white no-underline hover:text-gray-200 hover:underline">Safeguarding Funds</a></li><li><a href="/frequently-asked-questions#how-do-i-register-a-complaint" class="text-white no-underline hover:text-gray-200 hover:underline">Complaints</a></li><li><a href="/cookies" class="text-white no-underline hover:text-gray-200 hover:underline">Cookies</a></li></ul></nav><div class="py-4 md:ml-auto lg:py-0"><a href="https://www.cleartreasury.co.uk" class="flex items-center"><span class="text-white overline-title">Powered by</span><img class="w-48 ml-2" src="/clear_treasury_logo_light.svg" alt="Clear Treasury Logo"/></a></div></div><div class="container w-full text-sm text-gray-500"><p class="pb-2">© 2024 Clear Treasury (Clear Treasury (UK Trading) Ltd) is a limited company registered in England and Wales under number 09549792 with registered office: 288 Bishopsgate, London EC2M 4QP. </p><p class="pb-2">Clear Treasury (UK Trading) Ltd is authorised by the Financial Conduct Authority (Firm Reference Number 708529) under the Payment Service Regulations 2009 for the provision of payment services. </p><p class="pb-2">Clear Currency Europe Ltd is a limited company registered in Ireland under number 686631 with registered office: 16 Fitzwilliam Place, Dublin 2, Ireland.</p><p class="pb-2">Payment services for Clear Currency Europe Ltd clients are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701). For more information, please refer to the <a class="underline" target="_blank" href="https://www.currencycloud.com/legal/terms/">Currencycloud Terms of Use</a>.</p><p class="pb-2">All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.</p></div></footer><div class="left-0 right-0 fixed bottom-0 z-50"><div class="flex flex-col sm:flex-row justify-between items-center container bg-green-100 rounded p-4 mb-6 shadow-md border-gray-600 bg-opacity-80"><p class="m-0 flex-1 font-sans max-w-3xl sm:mr-4">We use cookies to collect information about how you use our site. We use this information to make the website work as well as possible and improve our services.</p><div class="mt-4 sm:mt-0"><a class="button border-navy-600 text-navy-600" href="/cookies">Settings</a><button class="button button-green ml-4">Accept</button></div></div></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"result":{"page_foot":{"menu_items":[{"link_type":"internal","blank":false,"_type":"link","name":"Personal","href":"/personal","_key":"286d89b54cf9"},{"_key":"c25b2bf58f7f","href":"/for-business","link_type":"internal","blank":false,"_type":"link","name":"Business"},{"link_type":"internal","_key":"c133985d0d86","blank":false,"_type":"link","name":"Partnerships","href":"/partnerships"},{"_type":"link","name":"Insights","href":"/insights","link_type":"internal","blank":false,"_key":"4967e03e35ba"},{"href":"/careers","link_type":"internal","blank":false,"_key":"7b91067a0b2b05fad7546df755a2affe","_type":"link","name":"Careers"},{"_key":"58317d49604d","_type":"link","name":"FAQs","href":"/frequently-asked-questions","link_type":"internal","blank":false},{"_type":"link","name":"Send Money Abroad","href":"/send-money-abroad","_key":"bdbeb16be8b3","link_type":"internal","blank":false},{"link_type":"internal","blank":false,"_type":"link","name":"Reasons For Transfer","_key":"84cdb71c231d","href":"/reasons-for-international-money-transfer"},{"href":"/security-and-fraud","link_type":"internal","blank":false,"_type":"link","name":"Security and Fraud","_key":"69e8560f3a01"},{"_type":"link","_key":"9bd2d836813a","name":"Contact","href":"/contact","link_type":"internal","blank":false}]},"seo":{"description":"In our guide to the cost of living, you can find out everything you need to know about how much it costs to live and work in Portugal.","noindex":false,"image":null,"url":null,"title":"Cost of Living Comparison: UK and Portugal | Clear Currency"},"url":"clearcurrency.co.uk","campaign":null,"header":{"menu_items":[{"link_type":"default","title":"Personal","href":"/personal","blank":false,"sub_menu_type":"list","sub_menu_items":[{"blank":false,"link_type":"default","links":[{"_key":"5d9929297301","title":"Buying/Selling Property Abroad","href":"/reasons-for-international-money-transfer/buying-and-selling-property-abroad","blank":false,"link_type":"default"},{"link_type":"default","_key":"22dafd11c813","title":"Medical Tourism","href":"/reasons-for-international-money-transfer/medical-treatment","blank":false},{"link_type":"default","_key":"e463e28b3681","title":"Moving Abroad","href":"/reasons-for-international-money-transfer/moving-abroad","blank":false},{"_key":"ef27251e3beb","title":"Overseas Inheritance","href":"/reasons-for-international-money-transfer/overseas-inheritance","blank":false,"link_type":"default"},{"_key":"86c42edea8b7","title":"Overseas Pensions","href":"/reasons-for-international-money-transfer/overseas-pensions","blank":false,"link_type":"default"},{"title":"Retiring Abroad","href":"/reasons-for-international-money-transfer/retiring-overseas","blank":false,"link_type":"default","_key":"7a0701f134d4"}],"_key":"81c12da80887","title":"Reasons for Transfer","href":"/reasons-for-international-money-transfer"},{"title":"Send Money Abroad","href":"/send-money-abroad","blank":false,"link_type":"default","links":[{"_key":"a5ddf0fb07e1","title":"Australia","href":"/send-money-abroad/australia","blank":false,"link_type":"default"},{"blank":false,"link_type":"default","_key":"aa8e502eca27","title":"Portugal","href":"/send-money-abroad/portugal"},{"_key":"0d6b9dc5d141","title":"Spain","href":"/send-money-abroad/spain","blank":false,"link_type":"default"},{"blank":false,"link_type":"default","_key":"bbb7493bd647","title":"UAE","href":"/send-money-abroad/uae"},{"_key":"7e18dcdfb55d","title":"USA","href":"/send-money-abroad/usa","blank":false,"link_type":"default"},{"_key":"25a689ea763f","title":"See all","href":"/send-money-abroad","blank":false,"link_type":"default"}],"_key":"f31f35242312"},{"link_type":"default","links":[{"title":"AED to GBP","href":"/convert/aed-gbp","blank":false,"link_type":"default","_key":"8e918b96056f"},{"href":"/convert/gbp-cad","blank":false,"link_type":"default","_key":"133a9e4308be","title":"GBP to CAD"},{"_key":"1c9c6977bff2","title":"GBP to EUR","href":"/convert/gbp-eur","blank":false,"link_type":"default"},{"title":"GBP to USD","href":"/convert/gbp-usd","blank":false,"link_type":"default","_key":"93c2b28196f1"},{"href":"/convert/gbp-eur","blank":false,"link_type":"default","_key":"bf2c4be8ac05","title":"USD to EUR"},{"link_type":"default","_key":"64df8388b8fd","title":"See all","href":"/convert","blank":false}],"_key":"33814626be585211882f75bd3b879548","title":"Personal Money Transfers","href":"/convert","blank":false}],"_key":"ca58a2db25f0"},{"sub_menu_type":"list","sub_menu_items":[{"_key":"8345bfec6e70","title":"Industries","href":"/industries","blank":false,"link_type":"default","links":[{"href":"/industries/agriculture","blank":false,"link_type":"default","_key":"f6cab12f17fe","title":"Agriculture"},{"link_type":"default","_key":"ca90cb73d308","title":"International Trade","href":"/industries/international-trade","blank":false},{"_key":"5952dea057d0","title":"Manufacturing","href":"/industries/manufacturing","blank":false,"link_type":"default"},{"_key":"7b4b4f03928f","title":"Shipping","href":"/industries/shipping","blank":false,"link_type":"default"},{"_key":"799087e55bea","title":"Textiles","href":"/industries/textiles","blank":false,"link_type":"default"},{"_key":"0286232e4623","title":"Travel","href":"/industries/travel","blank":false,"link_type":"default"}]},{"_key":"641a712ab093","title":"Send Money Abroad","href":"/send-money-abroad","blank":false,"link_type":"default","links":[{"link_type":"default","_key":"948b11005a54","title":"Australia","href":"/send-money-abroad/australia","blank":false},{"href":"/send-money-abroad/france","blank":false,"link_type":"default","_key":"981b5bde265b","title":"France"},{"_key":"11cf34799785","title":"Germany","href":"/send-money-abroad/germany","blank":false,"link_type":"default"},{"_key":"7c13dadd37ad","title":"UAE","href":"/send-money-abroad/uae","blank":false,"link_type":"default"},{"_key":"bb958cb60805","title":"USA","href":"/send-money-abroad/usa","blank":false,"link_type":"default"},{"_key":"084068d2c4ba","title":"See All Countries","href":"/send-money-abroad","blank":false,"link_type":"default"}]},{"_key":"6f02139016860c1653070894bdd9ebd1","title":"Business Money Transfers","href":"/convert","blank":false,"link_type":"default","links":[{"href":"/risk-management","blank":false,"link_type":"default","_key":"52261e770f06","title":"Fx Risk Management"},{"_key":"5cb4169574e5","title":"Currency Audit","href":"/currency-audit","blank":false,"link_type":"default"},{"href":"/convert/aed-gbp","blank":false,"link_type":"default","_key":"baae2c1b77ae1ea3c9c60ce13187dbf0","title":"AED to GBP"},{"blank":false,"link_type":"default","_key":"f2ae9dbec7c425f671b9154c68a434ce","title":"EUR to GBP","href":"/convert/eur-gbp"},{"title":"GBP to USD","href":"/convert/gbp-usd","blank":false,"link_type":"default","_key":"084068d2c4ba"},{"_key":"248f26c39b957db2111359d26ae56436","title":"See All Currency Pairs","href":"/convert","blank":false,"link_type":"default"}]}],"_key":"1f5d9cac8865","link_type":"default","title":"Business","href":"/for-business","blank":false},{"link_type":"default","title":"Partnerships","href":"/partnerships","blank":false,"_key":"ec41f98ffba4"},{"title":"Consumer Info","href":null,"blank":false,"sub_menu_type":"internal_link","_key":"acab6df0048b","link_type":"default","sub_menu_items":[{"link_type":"default","_key":"d6ff39b949ae","title":"Fraud \u0026 Security","href":"/security-and-fraud","blank":null},{"_key":"353e02bb13ab","title":"Consumer Duty","href":"/consumer-duty","blank":null,"link_type":"default"}]},{"_key":"413a3cc36f20","link_type":"default","title":"Contact","href":"/contact","blank":false},{"title":"Log in","href":"https://new-payments.cleartreasury.co.uk/","blank":true,"_key":"424bcb711fbf","link_type":"secondary"},{"blank":false,"_key":"a050a57b2181","link_type":"primary","title":"Sign up","href":"/signup"}]},"company_info":{"addresses":[{"_createdAt":"2020-08-07T15:27:43Z","_type":"address","postcode":"EC2M 4QP","_id":"7dcef3c1-c63d-4cb1-8fdb-656ffac1456d","country":"United Kingdom","phoneNumber":"+44 (0)20 7151 4870","city":"London","streetAddress":"288 Bishopsgate\n","_rev":"NX2pTZ5L8JThaysPrIepFA","_updatedAt":"2023-07-31T09:18:56Z","email":"info@cleartreasury.co.uk"},{"streetAddress":"16 Fitzwilliam Place","_createdAt":"2020-08-07T15:31:40Z","_type":"address","postcode":"D02 FF82","country":"Ireland","city":"Dublin","_id":"d9bd229b-cfa4-4bab-9936-86d5aee52115","_updatedAt":"2024-11-01T14:54:48Z","email":"info@cleartreasury.co.uk","phoneNumber":"+353 (0)1 567 6690","_rev":"uHzmvE2HQDA7PXHnJuoN4k"}]},"small_print":[{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"© 2024 Clear Treasury (Clear Treasury (UK Trading) Ltd) is a limited company registered in England and Wales under number 09549792 with registered office: 288 Bishopsgate, London EC2M 4QP. ","_key":"737ddde76ba5"}],"_type":"block","style":"normal","_key":"a9d9651d2097"},{"children":[{"text":"Clear Treasury (UK Trading) Ltd is authorised by the Financial Conduct Authority (Firm Reference Number 708529) under the Payment Service Regulations 2009 for the provision of payment services. ","_key":"37e66a9b053f","_type":"span","marks":[]}],"_type":"block","style":"normal","_key":"51f792e6e216","markDefs":[]},{"_type":"block","style":"normal","_key":"61a977d26d84","markDefs":[],"children":[{"_key":"00e126581f24","_type":"span","marks":[],"text":"Clear Currency Europe Ltd is a limited company registered in Ireland under number 686631 with registered office: 16 Fitzwilliam Place, Dublin 2, Ireland."}]},{"markDefs":[{"_type":"link","href":"https://www.currencycloud.com/legal/terms/","_key":"c83ea76465f9"}],"children":[{"_type":"span","marks":[],"text":"Payment services for Clear Currency Europe Ltd clients are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701). For more information, please refer to the ","_key":"3a50ab6f4dfa"},{"_type":"span","marks":["c83ea76465f9"],"text":"Currencycloud Terms of Use","_key":"aadeae9f4284"},{"_type":"span","marks":[],"text":".","_key":"d8b29680ac2a"}],"_type":"block","style":"normal","_key":"4ebd07f718b7"},{"markDefs":[],"children":[{"_key":"cb61060024ba","_type":"span","marks":[],"text":"All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk."}],"_type":"block","style":"normal","_key":"fe211f431702"}],"page":{"details":null,"relatedArticles":null,"form":null,"title":"Cost of Living Comparison: UK and Portugal","campaign":{"_rev":"MowO2vKUrpri7GVyYheZCj","_type":"campaign","name":"CC Article","_id":"6577fac7-c542-4c02-8cc7-c76057477028","_createdAt":"2022-04-25T09:58:06Z","affiliateRefs":["R780"],"email":"hello@clearcurrency.co.uk","phone":"+44 (0)20 7151 4832","_updatedAt":"2024-08-08T08:30:18Z"},"category":"Guides","excerpt":"If you’re daydreaming about laid back European life, endless sunshine and afternoons spent sipping coffee and eating one too many pastel de nata, it sounds like an overseas move to Portugal is on the cards. To help you make the most informed decision on your move abroad, you’ll want to have a strong understanding of the cost of living in Portugal.","image":{"alt":null,"asset":{"sha1hash":"f6d03426af1a582b6bdf268b004dd8cd9e9d5650","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/f6d03426af1a582b6bdf268b004dd8cd9e9d5650-5242x3495.jpg","size":3041108,"_createdAt":"2023-01-13T10:46:20Z","metadata":{"hasAlpha":false,"lqip":"data:image/jpeg;base64,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","dimensions":{"height":3495,"_type":"sanity.imageDimensions","width":5242,"aspectRatio":1.4998569384835478},"isOpaque":true,"blurHash":"VpB;a|S7oIofs..ARloJofoeo$M{oJoeoes8M{kCoJkB","_type":"sanity.imageMetadata","palette":{"muted":{"background":"#83654f","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":5.53},"lightVibrant":{"population":0.08,"background":"#c1d6f6","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#000"},"darkVibrant":{"foreground":"#fff","title":"#fff","population":1.46,"background":"#046cb7","_type":"sanity.imagePaletteSwatch"},"lightMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":6.8,"background":"#bbc8da"},"vibrant":{"population":6.79,"background":"#047dc2","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"dominant":{"title":"#fff","population":7.14,"background":"#30475a","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"_type":"sanity.imagePalette","darkMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":7.14,"background":"#30475a"}}},"_rev":"1ksFU40JZBXklNAMxrwc15","mimeType":"image/jpeg","_type":"sanity.imageAsset","assetId":"f6d03426af1a582b6bdf268b004dd8cd9e9d5650","extension":"jpg","path":"images/4b8cd7ug/20210602-140718/f6d03426af1a582b6bdf268b004dd8cd9e9d5650-5242x3495.jpg","_updatedAt":"2023-01-13T10:46:20Z","uploadId":"wDyCzTXjOZFWvDsfA3qoirwP6j1nY0ij","_id":"image-f6d03426af1a582b6bdf268b004dd8cd9e9d5650-5242x3495-jpg","originalFilename":"cost-of-living-potugal.jpg"}},"client_name":null,"partner":null,"_createdAt":"2023-01-11T14:24:10Z","_updatedAt":"2023-01-16T15:02:06Z","content":[{"style":"normal","_key":"7f5f6a63d112","markDefs":[],"children":[{"_key":"6447a48eec980","_type":"span","marks":["strong"],"text":"If you’re daydreaming about laid back European life, endless sunshine and afternoons spent sipping coffee and eating one too many pastel de nata, it sounds like an overseas move to Portugal is on the cards. To help you make the most informed decision on your move abroad, you’ll want to have a strong understanding of the cost of living in Portugal."}],"_type":"block","isImageBanner":null},{"style":"normal","_key":"35304b17d744","markDefs":[],"children":[{"_type":"span","marks":[],"text":"In our practical guide, we’ll answer the following questions and more:","_key":"a448d29104920"}],"_type":"block","isImageBanner":null},{"listItem":"bullet","markDefs":[],"children":[{"_key":"7148a43c7c8c0","_type":"span","marks":[],"text":"What is the cost of living in Portugal compared to the UK?"}],"level":1,"_type":"block","style":"normal","isImageBanner":null,"_key":"00b98b53644c"},{"children":[{"_type":"span","marks":[],"text":"What is the cost of living in different Portuguese cities, such as Lisbon, Porto and Madeira? How do these figures compare against those of Spain and other countries worldwide?","_key":"70730c52550e0"}],"level":1,"_type":"block","style":"normal","_key":"57c927bef511","listItem":"bullet","markDefs":[],"isImageBanner":null},{"listItem":"bullet","markDefs":[],"children":[{"text":"Is there a cost of living crisis in Portugal and how will this affect my day-to-day life as an expat?","_key":"83220b3745580","_type":"span","marks":[]}],"level":1,"_type":"block","style":"normal","_key":"ef2da8a39edc","isImageBanner":null},{"style":"normal","isImageBanner":null,"_key":"ca8bfb93b3da","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Once you’ve finished reading, you’ll have a clear idea of costs and whether Portugal’s expat costs of living are worth you making the decision to relocate.","_key":"d886c64311100"}],"_type":"block"},{"_type":"block","style":"h2","_key":"bcd8d7c1ace1","markDefs":[],"isImageBanner":null,"children":[{"_key":"f3db636048860","_type":"span","marks":[],"text":"Why Might People Choose to Move to Portugal?"}]},{"isImageBanner":null,"style":"normal","_key":"acc96f7b3ba1","markDefs":[{"blank":false,"_type":"externalLink","href":"https://www.clearcurrency.co.uk/stories/working-and-living-abroad","_key":"345ce58e1336"},{"blank":true,"_type":"externalLink","href":"https://cms.in-cdn.net/cdn/file/cms-media/public/2021-11/Expat-Insider_City-Ranking-Report-2021_1.pdf","_key":"30d4662836dc"},{"_type":"externalLink","href":"https://www.visionofhumanity.org/wp-content/uploads/2022/06/GPI-2022-web.pdf","_key":"459567cfb3fa","blank":true}],"children":[{"_key":"080371130fa70","_type":"span","marks":["345ce58e1336"],"text":"Portugal is a popular country to live among its expats"},{"_type":"span","marks":[],"text":" and residents. In the ","_key":"45a26605fde3"},{"_type":"span","marks":["30d4662836dc"],"text":"InterNations Expat Insider 2021 survey","_key":"bb0a83122412"},{"_key":"d86138a5ffd5","_type":"span","marks":[],"text":", Portugal ranked first worldwide for expats feeling at home. Portugal also ranked in sixth position in the "},{"text":"2022 Global Peace Index","_key":"44a14c9c76bb","_type":"span","marks":["459567cfb3fa"]},{"_type":"span","marks":[],"text":", which monitors the safest countries in the world, following closely behind Iceland, New Zealand, Ireland, Denmark, and Austria.","_key":"71b1ebbb645d"}],"_type":"block"},{"isImageBanner":null,"children":[{"_type":"span","marks":[],"text":"In the ","_key":"9315d222d8de0"},{"text":"OECD Better Life Indicators study","_key":"1b406e8fc590","_type":"span","marks":["b34a60ce6de1"]},{"_type":"span","marks":[],"text":", Portugal’s capital city Lisbon scored higher than average for water and air quality, as well as ranking 37th out of 231 cities in ","_key":"336b9dd0559e"},{"_key":"f46084605cb7","_type":"span","marks":["54566259a114"],"text":"Mercer's 2019 Quality of Living City Ranking"},{"_key":"5bdac7f74e8a","_type":"span","marks":[],"text":" and beating Paris, Milan, London and Barcelona (Expatica.com)."}],"_type":"block","style":"normal","_key":"7d7c085e7d77","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.oecdbetterlifeindex.org/countries/portugal/","_key":"b34a60ce6de1"},{"blank":true,"_type":"externalLink","href":"https://mobilityexchange.mercer.com/insights/quality-of-living-rankings","_key":"54566259a114"}]},{"isImageBanner":null,"children":[{"_type":"span","marks":[],"text":"Factors Affecting the Choice to Move to Portugal","_key":"6d724f3c5e100"}],"_type":"block","style":"h2","_key":"9b1314000bcd","markDefs":[]},{"markDefs":[],"children":[{"text":"Obtaining a visa as a non-EU citizen","_key":"7d59dcda1b870","_type":"span","marks":[]}],"_type":"block","style":"h3","isImageBanner":null,"_key":"1969cc2e99fe"},{"_type":"block","style":"normal","_key":"f27165d35562","isImageBanner":null,"markDefs":[{"blank":true,"_type":"externalLink","href":"https://getgoldenvisa.com/portugal-golden-visa-program","_key":"3f011fe7b0d1"}],"children":[{"_type":"span","marks":[],"text":"Following Brexit, you’ll need to secure a visa in order to move abroad to Portugal. One way you can do this is through the ","_key":"909168d12a0c0"},{"marks":["3f011fe7b0d1"],"text":"Portuguese Golden Visa programme","_key":"683f10b5e5b0","_type":"span"},{"marks":[],"text":", also known as the residence permit for investment activity (ARI). It allows non-EU citizens to live, work, and study in the city for a minimum of seven days per year, with the opportunity to become a permanent resident or citizen of Portugal in five to six years’ time.","_key":"ffd6224b7c38","_type":"span"}]},{"isImageBanner":null,"children":[{"_type":"span","marks":[],"text":"Once you become a Portuguese citizen, you’ll get visa-free access to 188 countries. As part of the Portugal Golden Visa eligibility criteria, you have to make a qualifying investment to obtain the right to live, work and study in the country. You can quality for residency by investing £246,753.16, which is one of the lowest investment thresholds in Europe.","_key":"ee979cecd36d0"}],"_type":"block","style":"normal","_key":"c0d7a2949ad1","markDefs":[]},{"style":"h3","_key":"35809057927e","markDefs":[],"isImageBanner":null,"children":[{"_type":"span","marks":[],"text":"Paying for accommodation","_key":"509c1dbdbaf60"}],"_type":"block"},{"style":"normal","_key":"61bcdd99ce31","markDefs":[{"_type":"externalLink","href":"https://www.clearcurrency.co.uk/stories/cost-to-move-to-another-country","_key":"6dbcbe4e6d24"},{"_type":"externalLink","href":"https://www.clearcurrency.co.uk/stories/buying-property-abroad","_key":"cd764ad9e08e"}],"children":[{"_type":"span","marks":[],"text":"If your plan is to relocate to Portugal long-term, you’ll need to find suitable accommodation – one of the first costs to tick off your list ","_key":"5197556bae610"},{"text":"when moving to another country","_key":"91a5bcd09fe7","_type":"span","marks":["6dbcbe4e6d24"]},{"_type":"span","marks":[],"text":". You can expect to pay a deposit, mortgage or rental payments, and estate agent and solicitor fees. Before committing to a mortgage and ","_key":"97d460819797"},{"marks":["cd764ad9e08e"],"text":"buying a property abroad","_key":"4a9de4048ffc","_type":"span"},{"_type":"span","marks":[],"text":", ensure you do your research on the local amenities, travel links, schools if necessary, and crime rates.","_key":"d52f511a59f4"}],"_type":"block","isImageBanner":null},{"_key":"72f24521f235","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Where you choose to move depends on your personal interests. Lisbon is a melting pot of cultures, with over 87 nationalities and a diverse range of restaurants and bars. If you have your heart set on your own place in the sun, you'll soon settle into the popular beach region of the Algarve. Other expats choose to live in the north of Lisbon, home to quaint fishing villages and coastal cities galore.","_key":"07f61ce94e500"}],"_type":"block","style":"normal","isImageBanner":null},{"style":"h3","_key":"53680986b5a9","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Securing health insurance","_key":"fe7425728dab0"}],"_type":"block","isImageBanner":null},{"children":[{"_key":"7035b56094d90","_type":"span","marks":[],"text":"Non-EU nationals who can afford it are advised to take out private health insurance before arriving in Portugal to cover any necessary medical treatments. You’ll normally have to pay for private services upfront and claim a reimbursement from your insurer. While the cost is higher than the public healthcare system, the benefits of going private include shorter waiting times, better facilities, wider choice, and fewer language barriers."}],"_type":"block","style":"normal","_key":"f570c994f12c","markDefs":[],"isImageBanner":null},{"style":"h2","_key":"00d56f2641d1","markDefs":[],"children":[{"_type":"span","marks":[],"text":"The Cost of Living in Portugal Compared to the UK","_key":"33aa55bfb3d20"}],"_type":"block","isImageBanner":null},{"children":[{"_type":"span","marks":[],"text":"Firstly, is there a cost of living crisis in Portugal?","_key":"17f405122ac00"}],"_type":"block","style":"normal","_key":"d60580f26e7e","markDefs":[],"isImageBanner":null},{"_key":"920d853fbaa5","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Yes, like most countries in the G7, Portugal is experiencing a cost of living crisis. This has caused knock-on disruption to supply chains, all during a time of uneven economic recovery from the global pandemic.","_key":"bcfc662810020"}],"isImageBanner":null,"_type":"block","style":"normal"},{"_key":"143173b684a4","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.idealista.pt/en/news/financial-advice-in-portugal/2022/09/19/5199-from-housing-to-energy-how-inflation-is-impacting-the-cost-of-living-in","_key":"a9cbfddcbe3d"},{"blank":true,"_type":"externalLink","href":"https://www.idealista.pt/en/news/financial-advice-in-portugal/2022/09/19/5199-from-housing-to-energy-how-inflation-is-impacting-the-cost-of-living-in","_key":"6943d2baf169"}],"children":[{"_type":"span","marks":[],"text":"Provisional data from the National Statistics Institute (INE) found that inflation in Portugal reached ","_key":"d9cdc5f048560"},{"_type":"span","marks":["a9cbfddcbe3d"],"text":"9.0% in August 2022","_key":"86ff57cc0dd81"},{"marks":[],"text":", which is reflected in the country’s skyrocketing costs of food and drink, fuel, rent, electricity and gas bills. The ","_key":"86ff57cc0dd82","_type":"span"},{"_type":"span","marks":["6943d2baf169"],"text":"Bank of Portugal has warned","_key":"86ff57cc0dd83"},{"_key":"86ff57cc0dd84","_type":"span","marks":[],"text":" that inflation will continue to spread to goods and services that have previously had more stable prices, such as education and health services, rent and restaurants and cafes."}],"_type":"block","style":"normal","isImageBanner":null},{"isImageBanner":null,"_key":"20028f1d2385","markDefs":[{"href":"https://www.clearcurrency.co.uk/stories/transferring-money-france-spain-italy-portugal-cyprus","_key":"ca91352dca4d","_type":"externalLink"}],"children":[{"_type":"span","marks":[],"text":"It’s worth expats looking to move to Portugal to learn about the country’s ","_key":"3c9fa2621f6f0"},{"text":"foreign exchange transfer fees","_key":"432db8c8fc82","_type":"span","marks":["ca91352dca4d"]},{"text":", as most Portuguese banks charge between £17.54 and £26.30 per transaction. On top of this, you’ll then pay a fee from the receiving bank in the UK too.","_key":"855c64c9458c","_type":"span","marks":[]}],"_type":"block","style":"normal"},{"_key":"44731e87fece","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Monthly living costs vs salary expectations","_key":"e189289092bb0"}],"isImageBanner":null,"_type":"block","style":"h3"},{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Using data from Numbeo.com, we’ve marked up Portuguese living costs against average monthly salaries, and then compared these to the most popular cities in the UK and further afield.","_key":"f3740cd205e00"}],"_type":"block","style":"normal","_key":"4de6a689639b","isImageBanner":null},{"isImageBanner":null,"_type":"block","style":"normal","_key":"241e96df9c1b","markDefs":[],"children":[{"text":"Here’s a snapshot of our learnings about the average cost of living in Portugal:","_key":"2ef69c5a0b250","_type":"span","marks":[]}]},{"isImageBanner":null,"children":[{"_type":"span","marks":[],"text":"The cost of living in Portugal averages at ","_key":"687e624049ea0"},{"_type":"span","marks":["43ce6459a6bd"],"text":"26.62% lower","_key":"687e624049ea1"},{"_type":"span","marks":[],"text":" than the United Kingdom.","_key":"687e624049ea2"}],"level":1,"_type":"block","style":"normal","_key":"0976eb620d5a","listItem":"bullet","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"43ce6459a6bd"}]},{"level":1,"_type":"block","style":"normal","_key":"1a4997ad1ff3","listItem":"bullet","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"6dfa7b07084f"},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"6d738fa230bb"}],"children":[{"_key":"6f2f318da0ad0","_type":"span","marks":[],"text":"Estimated monthly cost of living for a single person in Portugal – "},{"_key":"6f2f318da0ad1","_type":"span","marks":["6dfa7b07084f"],"text":"£496.81 "},{"_type":"span","marks":[],"text":"without rent, compared to ","_key":"391b4ad02450"},{"_type":"span","marks":["6d738fa230bb"],"text":"£692.36","_key":"931a251ce04e"},{"_type":"span","marks":[],"text":" in the UK.","_key":"49caaa2eb38e"}],"isImageBanner":null},{"children":[{"_type":"span","marks":[],"text":"Estimated monthly cost of living in Portugal for a family of four – ","_key":"a63069fa0c560"},{"_type":"span","marks":["d1c542fddd6d"],"text":"£1,748.01","_key":"776a36ea7a7d"},{"_type":"span","marks":[],"text":" without rent, compared to ","_key":"f150350af575"},{"marks":["dfbda8af24b4"],"text":"£2,388.79","_key":"a63069fa0c563","_type":"span"},{"_key":"a63069fa0c564","_type":"span","marks":[],"text":" in the UK."}],"level":1,"_type":"block","style":"normal","_key":"e8476d2ff1e2","isImageBanner":null,"listItem":"bullet","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"d1c542fddd6d"},{"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"dfbda8af24b4","blank":true}]},{"_key":"d29c7d2e6b98","listItem":"bullet","markDefs":[{"href":"https://www.expatistan.com/cost-of-living/country/comparison/united-kingdom/portugal","_key":"06e975c8170f","blank":true,"_type":"externalLink"}],"children":[{"_type":"span","marks":[],"text":"Food in Portugal is 22% cheaper than in the UK, housing is 43% cheaper and transportation is 59% cheaper (","_key":"4dc76e62168b0"},{"_type":"span","marks":["06e975c8170f"],"text":"Expatisan","_key":"c9a855f380e8"},{"_type":"span","marks":[],"text":").","_key":"0da3cf758071"}],"level":1,"isImageBanner":null,"_type":"block","style":"normal"},{"_key":"f0bf7f921759","markDefs":[{"href":"https://www.expatistan.com/cost-of-living/country/united-kingdom","_key":"cf185c1bbaf4","blank":true,"_type":"externalLink"}],"children":[{"_type":"span","marks":[],"text":"The cost of living in the United Kingdom is more expensive than in 79% of countries in Western Europe, and 84% of countries in the world (","_key":"4c740a9ea0a90"},{"_type":"span","marks":["cf185c1bbaf4"],"text":"Expatisan","_key":"915b1aee2083"},{"_type":"span","marks":[],"text":").","_key":"a86b41c48aa7"}],"isImageBanner":null,"_type":"block","style":"normal"},{"style":"normal","_key":"029dd49ffc6c","isImageBanner":null,"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Here’s how the monthly cost of living in Portugal measures up against a few other cities globally:","_key":"396a0cb0ef4f0"}],"_type":"block"},{"level":1,"_type":"block","isImageBanner":null,"style":"normal","_key":"710e4868ab0e","listItem":"bullet","markDefs":[{"href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"d6c7883c5ecd","blank":true,"_type":"externalLink"},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"4d1f8754667d"},{"href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"5179c889d8a5","blank":true,"_type":"externalLink"}],"children":[{"_type":"span","marks":["strong"],"text":"Lisbon versus London","_key":"61761dda9a510"},{"_key":"61761dda9a511","_type":"span","marks":[],"text":" – Consumer prices, including rent, in Lisbon are "},{"_type":"span","marks":["d6c7883c5ecd"],"text":"39.20% lower","_key":"49682de2059f"},{"marks":[],"text":" than in London. Restaurant prices in Lisbon are ","_key":"b2f2f3fc75ae","_type":"span"},{"_key":"a50bbbcea851","_type":"span","marks":["4d1f8754667d"],"text":"35.45% lower"},{"marks":["strong"],"text":" ","_key":"ca8ac9c24f83","_type":"span"},{"marks":[],"text":"than in London, while groceries are ","_key":"61761dda9a517","_type":"span"},{"_type":"span","marks":["5179c889d8a5"],"text":"25.16% lower","_key":"9841e01f7282"},{"_type":"span","marks":[],"text":" in Lisbon.","_key":"c52ab07aa1d8"}]},{"_key":"1ee9e75e3161","listItem":"bullet","markDefs":[{"_type":"externalLink","href":"https://www.clearcurrency.co.uk/cost-of-living/spain-vs-uk","_key":"4e271bd494cf"},{"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"0e7ccf1a413f","blank":true},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"490dc96b4f55"},{"_key":"581541c0abf8","blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon"},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"ef3670a17b97"}],"children":[{"_type":"span","marks":["strong"],"text":"Lisbon versus ","_key":"ef54324cd95e0"},{"_type":"span","marks":["strong","4e271bd494cf"],"text":"Barcelona","_key":"cf77a1cb714d"},{"_type":"span","marks":[],"text":" – Consumer prices in Lisbon are ","_key":"ef54324cd95e1"},{"_type":"span","marks":["0e7ccf1a413f"],"text":"12.55% lower","_key":"8cef4108ce10"},{"_type":"span","marks":[],"text":" than in Barcelona, without rent. In Lisbon, rental prices are ","_key":"220f652f4b2d"},{"_type":"span","marks":["490dc96b4f55"],"text":"10.65% higher ","_key":"9c0b6c6ee5c7"},{"text":"than in Barcelona. Groceries are ","_key":"97a3c2cb8953","_type":"span","marks":[]},{"_type":"span","marks":["581541c0abf8"],"text":"10.57% lower","_key":"5ea8a2f4008d"},{"_type":"span","marks":[],"text":" in Lisbon, while restaurant prices are ","_key":"749dfea78615"},{"_type":"span","marks":["ef3670a17b97"],"text":"16.07% lower","_key":"bc75f87cb4fb"},{"text":" in Lisbon than Barcelona.","_key":"b5893660975c","_type":"span","marks":[]}],"isImageBanner":null,"level":1,"_type":"block","style":"normal"},{"markDefs":[{"_type":"externalLink","href":"https://www.clearcurrency.co.uk/cost-of-living/canada-vs-uk","_key":"076c0e146634"},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/in/Lisbon","_key":"20fc30790735"}],"children":[{"_type":"span","marks":["strong"],"text":"Lisbon versus ","_key":"d95143302b23"},{"_key":"91ea51f9d1e1","_type":"span","marks":["strong","076c0e146634"],"text":"Ottawa"},{"_type":"span","marks":[],"text":" – Consumer prices, including rent, in Lisbon are ","_key":"e372f65ed847"},{"_key":"695131074f50","_type":"span","marks":["20fc30790735"],"text":"17.36% lower"},{"_type":"span","marks":[],"text":" than in Ottawa, Canada.","_key":"15e2de6b6261"}],"level":1,"isImageBanner":null,"_type":"block","style":"normal","_key":"2368f88e7c1a","listItem":"bullet"},{"style":"h3","_key":"fdd0b9520184","isImageBanner":null,"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Rental prices","_key":"4e959f1820e1"}],"_type":"block"},{"style":"normal","_key":"8fd0e8357005","markDefs":[],"isImageBanner":null,"children":[{"_key":"d4c2e9c61c5a0","_type":"span","marks":[],"text":"While Portuguese rental costs are lower than in UK cities such as London, they’re still recognised as being high in comparison to average wages."}],"_type":"block"},{"level":1,"_type":"block","isImageBanner":null,"style":"normal","_key":"f5f7a8563ef2","listItem":"bullet","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"997a3fec1ad0"},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"5c90d5709c65"}],"children":[{"_key":"a152e51a71500","_type":"span","marks":[],"text":"The cost of rent for a one-bedroom city centre apartment in Portugal is "},{"_type":"span","marks":["5c90d5709c65"],"text":"£633.32","_key":"a203335970b4"},{"_type":"span","marks":[],"text":". In the UK this is ","_key":"4532d5891ee1"},{"_type":"span","marks":["997a3fec1ad0"],"text":"£894.47","_key":"b180254b5c6b"},{"text":".","_key":"c9d1f2495648","_type":"span","marks":[]}]},{"_type":"block","style":"normal","_key":"eaa32dd5dfd5","isImageBanner":null,"listItem":"bullet","markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"fa2c23ef8853"},{"_key":"a58c75936362","blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal"}],"children":[{"_type":"span","marks":[],"text":"The cost of rent for a one-bedroom apartment outside of a city centre in Portugal is ","_key":"70254f0f85ee0"},{"_key":"ddd6a8fec92f","_type":"span","marks":["a58c75936362"],"text":"£504.76"},{"_key":"340e2590e0de","_type":"span","marks":[],"text":". In the UK this is "},{"_type":"span","marks":["fa2c23ef8853"],"text":"£678.56","_key":"39d2068fd7f3"},{"_key":"2c67acd5a685","_type":"span","marks":[],"text":"."}],"level":1},{"style":"normal","isImageBanner":null,"_key":"ce1bda60d456","listItem":"bullet","markDefs":[{"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"7bad235178b4","blank":true},{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"24dce183a6b1"}],"children":[{"marks":[],"text":"The cost of rent for a three-bedroom city centre apartment in Portugal is ","_key":"ceab4265286e0","_type":"span"},{"_type":"span","marks":["24dce183a6b1"],"text":"£1,137.67","_key":"1d80cbd4481e"},{"_type":"span","marks":[],"text":". In the UK it’s ","_key":"6ba929ba48d6"},{"marks":["7bad235178b4"],"text":"£1,600.69","_key":"cd7109f13eb0","_type":"span"},{"_type":"span","marks":[],"text":".","_key":"e78b647c6672"}],"level":1,"_type":"block"},{"level":1,"_type":"block","style":"normal","_key":"e93c0fb7ad03","listItem":"bullet","isImageBanner":null,"markDefs":[{"blank":true,"_type":"externalLink","href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal","_key":"01cc5949bd2e"},{"href":"https://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Kingdom","_key":"5b70a60a948c","blank":true,"_type":"externalLink"}],"children":[{"_type":"span","marks":[],"text":"The cost of rent for a three-bedroom apartment outside of a city centre in Portugal is ","_key":"8bade2ef7e90"},{"_type":"span","marks":["01cc5949bd2e"],"text":"£814.48","_key":"9d5fccbbd3d8"},{"_type":"span","marks":[],"text":". In the UK it's ","_key":"2f441bd381eb"},{"text":"£1,198.26","_key":"0e57f6f8ba00","_type":"span","marks":["5b70a60a948c"]},{"_type":"span","marks":[],"text":".","_key":"82b69b7492b3"}]},{"_key":"1dde1afc4ea9","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Additional monthly costs","_key":"949f0bb513ac"}],"_type":"block","style":"h3","isImageBanner":null},{"children":[{"_type":"span","marks":[],"text":"From utilities to internet, public transportation and leisure, these are the additional costs you can expect to pay in Portugal every month after your rent.","_key":"1e4adba0bf5a0"}],"_type":"block","style":"normal","_key":"2d162a4d75b0","isImageBanner":null,"markDefs":[]},{"isImageBanner":null,"markDefs":null,"_type":"table","_key":"fb1e3389f4b3","rows":[{"cells":["","UK","Portugal"],"_type":"table_row","_key":"11028b51-aaf2-49f9-94fc-4eb2ca1a1801"},{"_key":"2a53fee1-884c-4598-bf3b-11c53ebcb69e","cells":["Basic household bills (electricity, heating, water, garbage)","£183.76","£96.36"],"_type":"table_row"},{"cells":["Three-course meal for two at a mid-range restaurant","£55.00","£34.95"],"_type":"table_row","_key":"4613ccc9-0e3b-4df6-aa44-401f1bf8ee23"},{"cells":["Internet connection","£30.17","£29.69"],"_type":"table_row","_key":"8d750b4f-da1d-484a-9a29-f589122343da"},{"cells":["Gym/leisure centre membership","£31.05 ","£29.95"],"_type":"table_row","_key":"69f7892d-a9be-4026-9ead-f17eaa3c3c4c"},{"cells":["Cinema ticket","£10.00","£6.12"],"_type":"table_row","_key":"a440d0e6-06f5-4e24-98a6-99b92a3373cc"},{"cells":["Monthly public transportation ticket","£65.22","£1.49"],"_type":"table_row","_key":"8ad44234-2de1-4d36-83d0-b48b8cfe0291"}]},{"style":"h2","_key":"66dc20893c25","isImageBanner":null,"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Key Takeaways","_key":"49b7ab2c6c670"}],"_type":"block"},{"style":"normal","isImageBanner":null,"_key":"0de6a7d7d828","markDefs":[],"children":[{"text":"Need a quick summary of the cost of living in Portugal? Here are the facts to remember:","_key":"97d2f53f8bbd0","_type":"span","marks":[]}],"_type":"block"},{"listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Portugal offers more than just sunny climes, delicious cuisine and culture at every corner. It’s recognised as welcoming to expats and is one of the safest places to live in the world.","_key":"520df816065d0"}],"isImageBanner":null,"level":1,"_type":"block","style":"normal","_key":"9977f342a119"},{"_type":"block","style":"normal","_key":"7fdb2df73b0a","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Portugal has a cost of living crisis and in August 2022, inflation rose to 9%. This resulted in the cost of household groceries and fuel rising, as well as costs in different sectors including education, health services, rent, restaurants and cafes.","_key":"fe5ff093ef7c0"}],"isImageBanner":null,"level":1},{"level":1,"_type":"block","style":"normal","_key":"626c37725227","isImageBanner":null,"listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Non-EU nationals can apply for the Portugal Golden Visa, which allows expats to live, work, and study in Portugal, with the opportunity to become a permanent resident or citizen in five to six years' time. Once you become a Portuguese citizen, you’ll get visa-free access to 188 countries.","_key":"a4cbc4c71a3a0"}]},{"_key":"ad25871ed3fd","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"The cost of living in Portugal is on average 26.62% lower than the United Kingdom (Numbeo.com). Food is 24% cheaper in Portugal, housing is 46% cheaper and transportation is 59% cheaper than in the UK (Expatisan).","_key":"e9e864fb2a100"}],"isImageBanner":null,"level":1,"_type":"block","style":"normal"},{"markDefs":[],"isImageBanner":null,"children":[{"_key":"63357d0370ef","_type":"span","marks":[],"text":"In general, consumer prices without rent are lower in Lisbon than in cities including Barcelona, Paris, New York and Ottawa. However, rental prices in Lisbon are 10.65% higher than in Barcelona (Numbeo.com)."}],"level":1,"_type":"block","style":"normal","_key":"735eb988a8e7","listItem":"bullet"},{"_key":"8a88118e3c01","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Make Your International Money Transfers Easy with Clear Currency","_key":"ae79487707c40"}],"_type":"block","style":"h2","isImageBanner":null},{"children":[{"_type":"span","marks":[],"text":"With everything you need about Portugal’s cost of living compared to the UK, you can benefit from quick, easy and secure international money transfers with Clear Currency.","_key":"494bbac2e2c90"}],"_type":"block","style":"normal","_key":"046e733be697","isImageBanner":null,"markDefs":[]},{"_type":"block","style":"normal","_key":"94024dceeb42","markDefs":[],"isImageBanner":null,"children":[{"marks":[],"text":"When you join us, your currency expert will help you secure the best exchange rates between the British pound and Euro EUR. Your transfer will be jargon-free, personalised to your needs and free of any payment fees.","_key":"d7fc38fbfafb0","_type":"span"}]},{"isImageBanner":null,"style":"normal","_key":"21c2122704a3","markDefs":[{"_type":"externalLink","href":"https://www.clearcurrency.co.uk/signup","_key":"cb85fe1206b6"}],"children":[{"text":"Open your free Clear Currency account today","_key":"2c1e2dbd07290","_type":"span","marks":["cb85fe1206b6"]},{"_type":"span","marks":[],"text":" for cost-effective foreign currency transfers. Alternatively, you can get in touch","_key":"c38e58ecea86"},{"_key":"fe0cf5d6d5c4","_type":"span","marks":["strong"],"text":" "},{"marks":[],"text":"on our live chat, call or send us an email.","_key":"2c1e2dbd07295","_type":"span"}],"_type":"block"}],"_id":"7e07ff89-42fa-4cc7-b9ed-158925af9908","publishedAt":"2023-01-11T14:24:03.846Z","_type":"article","estimatedReadingTime":10,"author":null,"related":[{"_id":"933c5b5a-a1f4-46cf-a266-ea3227eb32f7","title":"Top Tips for Making a Money Transfer","text":"For many of us making an international payment can feel a little uneasy. Some of us have never made a payment, others have done it regularly but are you aware of all the potential pitfalls? Find out more about how you can ensure to make a currency transfer without losing out. ","tag":"Guides","image":{"alt":null,"asset":{"_rev":"hWVOljQ2U1V7qsSBb9nWgP","_createdAt":"2021-06-02T14:10:10Z","_type":"sanity.imageAsset","_updatedAt":"2021-06-02T14:10:10Z","originalFilename":"globe-city-guide-Y-8MmZKrzoI-unsplash.jpg","extension":"jpg","metadata":{"palette":{"lightVibrant":{"background":"#5aa9ee","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0.26},"darkVibrant":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":1.85,"background":"#574014"},"lightMuted":{"foreground":"#000","title":"#000","population":6.76,"background":"#c0ccdc","_type":"sanity.imagePaletteSwatch"},"vibrant":{"foreground":"#fff","title":"#fff","population":7.4,"background":"#3ba4ec","_type":"sanity.imagePaletteSwatch"},"dominant":{"foreground":"#fff","title":"#fff","population":7.4,"background":"#3ba4ec","_type":"sanity.imagePaletteSwatch"},"_type":"sanity.imagePalette","darkMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":6.81,"background":"#745e3b"},"muted":{"foreground":"#fff","title":"#fff","population":0.01,"background":"#a48c5e","_type":"sanity.imagePaletteSwatch"}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,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","dimensions":{"_type":"sanity.imageDimensions","width":4898,"aspectRatio":1.5001531393568146,"height":3265},"isOpaque":true,"_type":"sanity.imageMetadata"},"url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/42592b86087e5017c0e5c79e20cc91bfe06518a5-4898x3265.jpg","_id":"image-42592b86087e5017c0e5c79e20cc91bfe06518a5-4898x3265-jpg","mimeType":"image/jpeg","sha1hash":"42592b86087e5017c0e5c79e20cc91bfe06518a5","size":2091439,"assetId":"42592b86087e5017c0e5c79e20cc91bfe06518a5","uploadId":"UFpmdyGhi3UnSPUi50zncgZVvo3D6KhH","path":"images/4b8cd7ug/20210602-140718/42592b86087e5017c0e5c79e20cc91bfe06518a5-4898x3265.jpg"}},"link":{"current":"/stories/money-transfer-tips","_type":"slug"}},{"text":"Are you an exporter generating US Dollar revenues overseas? Have you previously considered hedging your future rates of conversion through forward contracts but decided against due to the high “give up” premium, the interest rate differential creating a significantly worse forward rate over the prevailing spot rate? Recent central bank actions through the slashing of interest rates may have helped you.","tag":"Opinion","image":{"alt":"Negative interest rates","asset":{"extension":"jpg","sha1hash":"dcb59c1c49f4153cb279f3b1b70cf33f1b4a007d","path":"images/4b8cd7ug/20210602-140718/dcb59c1c49f4153cb279f3b1b70cf33f1b4a007d-3500x2333.jpg","assetId":"dcb59c1c49f4153cb279f3b1b70cf33f1b4a007d","_id":"image-dcb59c1c49f4153cb279f3b1b70cf33f1b4a007d-3500x2333-jpg","_updatedAt":"2022-01-21T15:17:14Z","originalFilename":"markus-spiske-XrIfY_4cK1w-unsplash (3).jpg","metadata":{"dimensions":{"width":3500,"aspectRatio":1.5002143163309045,"height":2333,"_type":"sanity.imageDimensions"},"isOpaque":true,"blurHash":"VBOWE4.A00xuD%_Mo~xuV?j[9Eo#M|e-xvxtbIWXRjM_","_type":"sanity.imageMetadata","palette":{"muted":{"background":"#97836d","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":4.12},"lightVibrant":{"background":"#f0b490","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0},"darkVibrant":{"foreground":"#fff","title":"#fff","population":0,"background":"#74350f","_type":"sanity.imagePaletteSwatch"},"lightMuted":{"title":"#fff","population":6.42,"background":"#d3c2a8","_type":"sanity.imagePaletteSwatch","foreground":"#000"},"vibrant":{"population":0,"background":"#e0671e","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"dominant":{"population":6.42,"background":"#d3c2a8","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff"},"_type":"sanity.imagePalette","darkMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0.42,"background":"#5c4c3b"}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAANABQDASIAAhEBAxEB/8QAGAAAAwEBAAAAAAAAAAAAAAAAAAUGAwf/xAAgEAACAgICAgMAAAAAAAAAAAABAgMEABEFMSEiQVKR/8QAFQEBAQAAAAAAAAAAAAAAAAAABAP/xAAZEQACAwEAAAAAAAAAAAAAAAAAAQIRIRL/2gAMAwEAAhEDEQA/AO0UQghURBUjH1zSdI5lbS7PWx2cneJuyKikfPYxresNXpvLGPYj83g3JNaJ5pifkFWGyybU6wyft25DMST5OGGwsf/Z"},"_type":"sanity.imageAsset","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/dcb59c1c49f4153cb279f3b1b70cf33f1b4a007d-3500x2333.jpg","size":694100,"_createdAt":"2021-11-11T16:19:38Z","uploadId":"rXfQHfA1iSb35rdRxBljPF57481pPqAF","mimeType":"image/jpeg","_rev":"PZO38AEgT5P9Qb1ADbLpAY"}},"link":{"current":"/stories/negative-interest-rates-fx-hedging","_type":"slug"},"_id":"95e8314f-febb-4fff-86df-b2ee10c798e8","title":"How Zero to Negative Interest Rates Affect FX Hedging"},{"_id":"97789666-96ca-4684-9367-1773db351419","title":"GBP/USD The Oldest Currency Pair in the World, But Where Next?","text":"There were fears a month ago that sterling could fall to its lowest level against the US dollar in its 200+ year history and despite reaching the depths of 1.1450, the lowest since June 1985, it still had some way to go to reach the all-time low of 1.05.","tag":"Guides","image":{"alt":"Oldest currency","asset":{"metadata":{"blurHash":"V5I;*F0L00OsD%.n~ppJ4:tR00s.%xD%-:?cD%In%3E1","_type":"sanity.imageMetadata","palette":{"vibrant":{"background":"#c5a284","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":2.84},"dominant":{"background":"#c5b79c","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":5.91},"_type":"sanity.imagePalette","darkMuted":{"background":"#5c4035","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":2.69},"muted":{"foreground":"#fff","title":"#fff","population":4.04,"background":"#a07958","_type":"sanity.imagePaletteSwatch"},"lightVibrant":{"title":"#fff","population":3.86,"background":"#d5bda1","_type":"sanity.imagePaletteSwatch","foreground":"#000"},"darkVibrant":{"title":"#fff","population":0.08,"background":"#352412","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"lightMuted":{"background":"#c5b79c","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":5.91}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,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","dimensions":{"_type":"sanity.imageDimensions","width":5511,"aspectRatio":1.469208211143695,"height":3751},"isOpaque":true},"mimeType":"image/jpeg","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/a72d11323d8b1138d7aa3f6750344e4b50e56e2b-5511x3751.jpg","assetId":"a72d11323d8b1138d7aa3f6750344e4b50e56e2b","_updatedAt":"2021-12-21T08:26:56Z","extension":"jpg","_rev":"FCx2SryqF6D3GQqoMCBinT","size":2789547,"_id":"image-a72d11323d8b1138d7aa3f6750344e4b50e56e2b-5511x3751-jpg","originalFilename":"chris-lawton-duQ1ulzTJbM-unsplash.jpg","uploadId":"aPksI11pdrOp2RiWJn8LNTytTSBkgOxQ","sha1hash":"a72d11323d8b1138d7aa3f6750344e4b50e56e2b","path":"images/4b8cd7ug/20210602-140718/a72d11323d8b1138d7aa3f6750344e4b50e56e2b-5511x3751.jpg","_type":"sanity.imageAsset","_createdAt":"2021-12-21T08:26:47Z"}},"link":{"current":"/stories/gbpusd-the-oldest-currency-pair","_type":"slug"}}],"defaultArticles":[{"tag":"Guides","image":{"alt":null,"asset":{"metadata":{"dimensions":{"_type":"sanity.imageDimensions","width":1000,"aspectRatio":1.25,"height":800},"isOpaque":true,"blurHash":"V10c$eZ.W2V:WIi.jVbnarf2WKa*jWoZk7XFakk7k5e-","_type":"sanity.imageMetadata","palette":{"darkMuted":{"population":0.02,"background":"#442726","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"muted":{"population":0.01,"background":"#4c7592","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"lightVibrant":{"_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0,"background":"#a0cbd8"},"darkVibrant":{"foreground":"#fff","title":"#fff","population":0.28,"background":"#051f85","_type":"sanity.imagePaletteSwatch"},"lightMuted":{"background":"#2c5d6c","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0},"vibrant":{"population":0.05,"background":"#2e6171","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"dominant":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0.28,"background":"#051f85"},"_type":"sanity.imagePalette"},"hasAlpha":true,"lqip":"data:image/png;base64,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"},"_rev":"hmTvF36cNP8Tnesofm7NgI","mimeType":"image/png","assetId":"cf6199a09729244bd0e4dfd488a3d65026d1476f","_id":"image-cf6199a09729244bd0e4dfd488a3d65026d1476f-1000x800-png","uploadId":"zt4xgF8GkTZ31YVt2IVioZmosPPzAyEE","sha1hash":"cf6199a09729244bd0e4dfd488a3d65026d1476f","_createdAt":"2022-03-10T09:21:11Z","originalFilename":"foreign_exchange.png","extension":"png","_type":"sanity.imageAsset","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/cf6199a09729244bd0e4dfd488a3d65026d1476f-1000x800.png","path":"images/4b8cd7ug/20210602-140718/cf6199a09729244bd0e4dfd488a3d65026d1476f-1000x800.png","_updatedAt":"2022-03-28T11:38:12Z","size":656005}},"link":{"current":"/stories/mitigate-foreign-exchange-risk","_type":"slug"},"_id":"bc460d72-0ebf-420b-bf54-c933977f7805","title":"How to Mitigate Foreign Exchange Risk","date":"2023-09-11T13:36:34.949Z","text":"Currency risk can have a significant effect on the efficiency and profitability of any international business. Each exchange rate movement affects how much you receive from sales and what you pay to suppliers.\n"},{"image":{"alt":null,"asset":{"metadata":{"dimensions":{"_type":"sanity.imageDimensions","width":960,"aspectRatio":1.5,"height":640},"isOpaque":true,"blurHash":"V27,[P0;^$%O58EA-O59aJwt0$s*nj$zob]}9a-SWCRo","_type":"sanity.imageMetadata","palette":{"lightMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0,"background":"#674d31"},"vibrant":{"title":"#fff","population":5.28,"background":"#b2895d","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"dominant":{"population":5.28,"background":"#b2895d","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"_type":"sanity.imagePalette","darkMuted":{"title":"#fff","population":0.86,"background":"#543730","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"muted":{"title":"#fff","population":0.37,"background":"#667a9b","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"lightVibrant":{"background":"#d4bda5","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0},"darkVibrant":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":1.02,"background":"#6e400c"}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAANABQDASIAAhEBAxEB/8QAFwAAAwEAAAAAAAAAAAAAAAAAAAMEB//EACEQAAICAQQCAwAAAAAAAAAAAAECAwQABRETIQYSMUFR/8QAFgEBAQEAAAAAAAAAAAAAAAAAAgME/8QAGxEBAAICAwAAAAAAAAAAAAAAAQACAxIRIUH/2gAMAwEAAhEDEQA/AMNjqV0kKs7zzL310MbVVZJ34XEf6p+Qck1i4Yo3EcYXYgDY4jx+07880gDOhDDE1eG0Wx0Er1GrOlnr2O4Bwy+xq8tiUycaJ9bAYZjMuT0ltKz/2Q=="},"_type":"sanity.imageAsset","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/e1ba3c472043dd70a3f6a64cbb254c9afad92723-960x640.jpg","size":190762,"extension":"jpg","assetId":"e1ba3c472043dd70a3f6a64cbb254c9afad92723","_createdAt":"2023-02-22T16:02:13Z","_id":"image-e1ba3c472043dd70a3f6a64cbb254c9afad92723-960x640-jpg","originalFilename":"dubai_nighttime.jpg","sha1hash":"e1ba3c472043dd70a3f6a64cbb254c9afad92723","_rev":"iyTIR3Gerrq6BTObn6795q","mimeType":"image/jpeg","path":"images/4b8cd7ug/20210602-140718/e1ba3c472043dd70a3f6a64cbb254c9afad92723-960x640.jpg","_updatedAt":"2023-02-22T16:02:13Z","uploadId":"Q0sVdkCssDGBBjDjus1h5wbMlqidV6dr"}},"link":{"_type":"slug","current":"/stories/moving-to-dubai-checklist"},"_id":"2a983bb8-ac8f-477f-803d-c14408fc3560","title":"Moving to Dubai from the UK: Checklist","date":"2023-02-22T14:42:00.000Z","text":"You’re ready for a new life overseas and have decided you’re moving to Dubai. Now it’s time to consider the various costs involved, from your visa and accommodation, to health insurance, shipping your belongings and bringing your beloved pets along too. ","tag":"Guides"},{"_id":"4971500f-6a5e-463b-8535-40a8b298c4bf","title":"Currency Outlook Quarter 1 2023","date":"2023-01-17T18:10:16.600Z","text":"Clear Currency looks back at the performance of the US dollar, euro and sterling in Q4 2022, and assesses what might be in store for Q1 2023.","tag":"Market Insight","image":{"alt":null,"asset":{"path":"images/4b8cd7ug/20210602-140718/16262363da42da298a4de5b5e28fa187c0599afc-2000x800.jpg","_createdAt":"2023-01-17T18:19:32Z","_updatedAt":"2023-01-17T18:19:32Z","_rev":"FGWr0E5Cvo4jy9O5hzEfnt","metadata":{"isOpaque":true,"blurHash":"DBI;|,0000IUxu~qs.0K-;oe","_type":"sanity.imageMetadata","palette":{"dominant":{"background":"#c4bcb8","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":7.74},"_type":"sanity.imagePalette","darkMuted":{"population":0.73,"background":"#485934","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"muted":{"_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0.01,"background":"#7c944c"},"lightVibrant":{"background":"#ecdace","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#000","population":0.4},"darkVibrant":{"population":0.01,"background":"#392e19","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"lightMuted":{"background":"#c4bcb8","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":7.74},"vibrant":{"background":"#9c5d49","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0.04}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAAIABQDASIAAhEBAxEB/8QAFgABAQEAAAAAAAAAAAAAAAAAAAUH/8QAIxAAAQMDAgcAAAAAAAAAAAAAAQACAwUGEQQSExQhIlFxgf/EABcBAAMBAAAAAAAAAAAAAAAAAAECAwT/xAAYEQEBAAMAAAAAAAAAAAAAAAAAAQIREv/aAAwDAQACEQMRAD8AiWS6mRVmObUTHETSIXOfjb7WoQ3JzAaNHJG4uJG49B8REuU1FYCkXVIOIyqR7H9zQGZwPCIizjzH/9k=","dimensions":{"aspectRatio":2.5,"height":800,"_type":"sanity.imageDimensions","width":2000}},"size":123637,"_id":"image-16262363da42da298a4de5b5e28fa187c0599afc-2000x800-jpg","extension":"jpg","mimeType":"image/jpeg","assetId":"16262363da42da298a4de5b5e28fa187c0599afc","originalFilename":"4.jpg","uploadId":"PbqcG59KJIeFvesZfaJlJ4Fcakn0RLPp","sha1hash":"16262363da42da298a4de5b5e28fa187c0599afc","url":"https://cdn.sanity.io/images/4b8cd7ug/20210602-140718/16262363da42da298a4de5b5e28fa187c0599afc-2000x800.jpg","_type":"sanity.imageAsset"}},"link":{"current":"/stories/currency-outlook-q1-2023","_type":"slug"}}],"_rev":"2mr3bc0hA1T3xYMGAgFwvZ","isImageBanner":false,"cta_panel":{"addLinksToCopyText":false,"_type":"cta_panel","image":null,"buttons":null},"remove_related_articles":null}},"error":null,"preview":null,"groqQueryParams":{"route":"/cost-of-living/uk-vs-portugal","website":"Clear Currency","aff":""}},"__N_SSP":true},"page":"/[...route]","query":{"route":["cost-of-living","uk-vs-portugal"]},"buildId":"bSfD42lHbVWljo3NWW6_N","runtimeConfig":{},"isFallback":false,"gssp":true,"scriptLoader":[{"id":"google-analytics","strategy":"afterInteractive","children":["window.dataLayer = window.dataLayer || [];\n function gtag(){dataLayer.push(arguments);}\n\n gtag('consent', 'default', {\n 'ad_storage': 'denied',\n 'analytics_storage': 'granted',\n 'wait_for_update': 500\n });\n\n gtag('js', new Date());\n\n gtag('config', 'UA-119875629-1', {\n send_page_view: false\n });"]}]}</script></body></html>