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00:00:00 – 00:15:36
The video addresses the cost of living in Lisbon, offering a comprehensive overview of various expenses one might encounter when relocating or investing in Portugal. Key points include the affordability of groceries and wine compared to North America, with specific examples given for prices of everyday items. Dining out is also highlighted, showcasing a wide range of prices from budget-friendly local restaurants to high-end dining, including Michelin-star options.
The speaker further elaborates on transportation costs, noting that Lisbon is navigable by foot, but also offers affordable public transportation and ride-hailing services. Gym membership options are discussed, ranging from basic facilities to premium clubs that include additional services like personal trainers and dietitians.
Utilities and services such as cleaning are outlined, emphasizing both their affordability and specific local customs like holiday pay. Healthcare costs are a significant focus, with a comparison between public and private healthcare options, noting the relatively low cost of private health insurance and additional healthcare service fees.
Education and real estate are key themes as well. Private schooling is a common choice for expats, with various international options available. Rental and property prices in Lisbon show significant variation based on location, amenities, and building age, with substantial cost reductions available just outside central Lisbon. The video concludes by acknowledging high-end property prices, stressing the importance of setting realistic expectations based on one's budget, but reassuring viewers of a broad market catering to various financial capabilities.
00:00:00
In this segment of the video, the speaker discusses the cost of living in Lisbon, focusing on the expenses for 2023. They aim to clear up the confusion about whether living in Lisbon is cheap or expensive by providing their personal insights. The speaker mentions that groceries in Lisbon are relatively affordable compared to the USA and Canada, providing specific prices for items such as milk, whole chicken, rice, and beer. They also discuss the affordability of wine in Lisbon, highlighting how reasonably priced it is compared to North America. The speaker encourages viewers to subscribe to the channel for more information about living in Lisbon and mentions that they assist people considering relocating or investing in Portugal.
00:03:00
In this segment, the speaker discusses the cost of dining out in Portugal, noting the wide range of prices. Lunch at a simple Portuguese restaurant, or “taska,” can cost under 10 euros, including bread, main course, wine, and coffee. Nicer restaurants offer lunch deals between 15 to 20 euros, typically including an appetizer, bread, beverage, and coffee. Dinner at a taska can also be as low as 10 to 15 euros, while mid-range restaurants cost about 40 to 50 euros per person, often totaling 80 to 100 euros for a couple. High-end dining can range from 100 to 120 euros per person, with Michelin star restaurants costing upwards of 400 euros per person for a full tasting menu with wine pairings. The segment also highlights the affordable range of Portuguese wines, starting at 8 euros per bottle in casual restaurants.
00:06:00
In this segment of the video, the narrator discusses transportation and gym membership costs in Lisbon. They mention that Lisbon is compact and easily navigable, often by walking. However, public transportation is also affordable, with single tickets costing €1.65 and monthly passes available for €30 for central Lisbon or €40 for greater Lisbon. Ride-hailing apps like Uber and Bolt are commonly used, with typical city rides costing between €3 to €5, and trips to the beach around €15 to €20.
Regarding gym memberships, options vary by price and services: Fitness Hut offers modern gyms for about €30 monthly, though they can be busy. Homes Place, an European franchise, provides more comprehensive facilities including classes and swimming pools for €80 per month. The narrator personally chose Club 7 for its tennis courts, costing around €110 per month, allowing year-round tennis play.
00:09:00
In this part of the video, the speaker outlines various costs and services associated with living in Portugal. They discuss the inclusion of dietitian and personal trainer visits in gym memberships, which are typically scheduled monthly or bi-monthly. Utilities for a large two-bedroom apartment, which includes electricity, gas for hot water, and dishwasher usage, range between 50 to 100 euros per month. Water costs are modest at about 20 euros monthly for two people. Cleaning services cost under 10 euros per hour, with unique payment customs like the August holiday pay and a double payment in December, referred to as the 13th salary. Healthcare is highlighted as a significant benefit, with public options available, though many expats prefer private healthcare for access to modern hospitals and direct specialist consultations. The speaker shares costs for private health insurance, noting it as 60 euros monthly for a 40-year-old and between 200 and 260 euros for someone in their 70s. They also explain additional fees for healthcare services, including 17 euros for specialist visits, 20 euros for emergency visits, and 10 percent of surgery costs.
00:12:00
In this segment of the video, the speaker discusses various aspects of private education and real estate in Portugal. For private education, many expats and new families opt for private schools over the public system. Options include British, American, French-speaking, and German schools, with costs ranging from 500 to 1500 Euros per month depending on the stage of education and school choice.
The discussion then shifts to rental prices in Lisbon, highlighting significant price variations within the same neighborhood due to factors such as building age, luxury level, amenities, and parking availability. Rental prices for one-bedroom apartments in central Lisbon range from 900 to 2200 Euros, two-bedrooms range from 1400 to 3000 Euros, and three-bedrooms range from 1300 to 3600 Euros. The segment points out that living slightly outside central Lisbon can significantly reduce rental costs by 40-50%, while still being in modern and safe areas.
Finally, the speaker talks about the costs of buying property in Lisbon. In prime neighborhoods, one-bedroom apartments cost between 300,000 and 600,000 Euros, two-bedrooms range from 400,000 to 1.2 million Euros, and three-bedrooms range from 600,000 Euros onward. The video emphasizes the wide variety of prices even within the same neighborhoods, driven by similar factors affecting rentals.
00:15:00
In this part of the video, the speaker discusses property prices ranging up to two and a half million dollars, emphasizing that these figures are based on the last 12 months. They highlight the importance of aligning expectations with one’s budget, and assure viewers that there are options available for everyone.