Portugal vs Spain: in this video we will compare Spain versus Portugal to determine what is the best place to travel, live and retire.
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00:00 Intro
-Iberian Peninsula
-Spain much larger in territory and pop
-Spain wealthier
-Both rely heavily in the tourism industry
01:49 Job Market
-Salaries are higher in Spain
-Unemployment is higher in Spain
-Probably easier to get a job in Portugal as a foreigner (services)
-Madrid and Barcelona have more international companies
02:51 Cost of Living
-Varies greatly depending on the city
-Groceries cost pretty much the same
-Services are somewhat more expensive in Spain
-Lisbon is more expensive in terms of affordability
-Smaller cities and towns are considerably cheaper
03:49 Real Estate
-Lisbon just slightly cheaper than Barcelona and Madrid (how much?)
-Lisbon significantly more expensive than smaller cities in Spain
-Porto is comparable to mid size cities in Spain
-Rental yields are about 4-6%
-Cheaper in the countryside, Spain has more interesting options on the coast.
04:42 Visa and Residence Permits
-Portugal has a significant advantage
-Retirees can move to both countries, Spain requirements are more strict (funds)
-Good option for freelancers and remote works (non lucrative visa in Spain)
-If you find a job in Portugal you can easily update your status, in Spain more complicated
06:05 Taxes
-Both countries are comparable, personal progressive tax rates
-Corporate taxes are also quite similar
-High as in most Western European countries
-Portugal has the Non Habitual Resident program, which can be a great option to pay less taxes, but the advantages are decreasing over the years and not all types of income are exempt from taxes.
06:33 Weather and Climate
Just mainland considered in this comparison.
Spain has a varied climate. Oceanic in the North, continental, Arid, Mediterranean
Portugal broadly Mediterranean climate
Decent hours of sunlight
Mild winters
07:33 Infrastructure
It is difficult to compare these 2 countries in terms of infrastructure, since Spain is several times bigger
-both countries high speed trains and direct flights
-some regions are under served
08:19 Entertainment
-Both countries are a great option in terms of entertainment
-Beaches, nightlife and eating out are highlights
-Entertainment in Spain is significantly more expensive in Spain, especially dining out
08:55 Language and final considerations
-Spanish has a simpler grammar and pronunciation than Portuguese
-Both are romance language and highly similar
source
Imagine you buying a house in Spain and you live in different country. Then someone occupy your house and you can’t throw them out. How is it possible to have such a law?
Which country has the highest level of English Speaking? Portugal or Spain?
The tax issue is a big problem. Rather live in the US and just travel there for vacation
I'm Thai people 40year i love Portugal and i want to move to Portugal.
The video producer is definitely Spanish and a 🤥🤥🤥🤥🤥
He has mentioned the Portuguese minimum wage with 12 months and the Spanish with 14 months.
Besides he also mentioned that Portugal has only one climate type in the entire country which is a huge lie Portugal has 3 climate types.
Choose Portugal but only if you want to live near the border with Spain! Portuguese Government is killing the economy with a lot of tax and making is own people getting poor. Is more expensive in energy, gasoline, diesel, food…almost everything…please…find information…
Portugal has a Mediterranean climate? Not really… :-).
Appreciating all the opinions from people with experience of the areas ! Great discussion.
Portugal vs Spain: this is a beloved topic for many youtubers. One of the aspects which was not mentioned the political differences between the two countries. Portugal has kept the same borders for centuries while Spain is not even a true, united country with 17 autonomous regions, with very different languages and cultures. Some regions wish to be independent from central government and the royal family. Many problems are associated to this fact. Portugal is the third safest country in the world. What about Spain?
Which location/beach is at 0:05 – 0:10?
Thank you for the video, really informative! Question: Can you travel to other European countries with the non-lucrative visa from Portugal?
I really think that after years if not centuries of Spanish and Portuguese decline… These are in 2021 possibly the 2 best countries to live in the world! It's fun, Its beautiful, it's safe, it's full of culture, amazing monuments, Palaces and Castles, music, dance, awaken and at the front in renewable energies, health, common sense, social policies, pension schemes, digital innovation, pollution reduction, nature protection, freedom, all gender rights and liberties, as well as anti-discrimination laws, drugs decriminalization laws, safety, security etc etc..
Plus… These are beautiful summer countries!…
Caipirinha, sun and beach places! With an amazing night life!
I love Portugal, because I am a Portuguese.
Portugal and Spain are brothers and we are shoulders to shoulders One to other the blood is the same Ibérian blood no borders barriers God blessings the two countries
Another major difference is that is harder to find people speaking English in Spain.
What about safety.?????
Basically PORTUGAL wins
I live in the US, and I would like to retire to Valencia using a non-lucrative visa. Since I can’t work due to the visa, I would be living off my dividends from my stock market investments, 401k, SS, and my Roth IRA. For the life of me, I can’t find anything clear on what my taxes would be like! (Ie. income tax, local tax..etc) I plan on renting, and not buying. Making a video about this would be VERYYY helpful I’m sure to a lot of people!
Spain is the best but also Portugal is amazing