Buying property is easy

In terms of government perks, there is relatively little red tape that prevents foreigners from purchasing property in Portugal. Most of the time, all you need is a personal fiscal number, which you may receive from your local tax office.

Furthermore, if you spend at least €500,000 on Portuguese real estate, you may be eligible for a Golden Visa, which grants you and your dependents a free Portuguese resident card. You can even upgrade this to Portuguese citizenship after five years if you pass a simple language test and 'show ties to the country.' Setting up shop in Portugal for the long haul is simple if you have the cash. The average asking price for a house in Portugal in March 2020 was €354,757 ($419,344).