In this Mapro Masterclass we go over the cost of living in the central Algarve using Quinta do Lago as a benchmark resort.
When investing in a new lifestyle we should take into consideration the cost of living. Making a change for our families to blue skies and sunshine can also make good financial sense.
In Quinta do Lago, a long term rental for a 5 bedroom villa can start around €10.000 per month plus utilities. The cost of buying such a villa, starts around €5M
Purchase tax for a property over €1M is 7.5% of the deed value. The running cost of such a villa is around €40.000 per year.
International schools start around €3000 per term.
Medical insurance can start around €850 per year.
A health club membership at The Campus starts around €200 per month.
A cup of coffee starts around €2.
Watching the sunset over the ocean is completely free!
Always remember that a better quality of life is priceless.
For more information on property in the central Algarve please contact us.