Retiring in Cascais: Discover Your Paradise in Portugal

Cascais, a picturesque coastal town located about 30 kilometers west of Lisbon, is a true paradise for retirees. With its beautiful beaches, mild climate, quality infrastructure, and a rich cultural and recreational offer, Cascais has become an increasingly popular destination among retirees from the United States seeking a place to enjoy a peaceful and amenity-filled life. In this article, we will explore the reasons that make Cascais an ideal place for retirees, highlighting the main attractions, services, and advantages of living in this charming Portuguese town.

1. PLEASANT CLIMATE ALL YEAR ROUND
One of the biggest attractions of Cascais is its Mediterranean climate, which offers mild winters and warm summers. With over 300 sunny days a year, retirees can enjoy outdoor activities year-round, whether walking along the coast, playing golf, or simply relaxing on one of the many beaches in the region.
Seasons in Cascais
•    Spring (March to May): Average temperatures range from 59°F to 70°F, with sunny days and cool nights, ideal for walks and outdoor activities.
•    Summer (June to August): Average temperatures range from 68°F to 86°F, perfect for enjoying the beaches and outdoor cultural events.
•    Autumn (September to November): Average temperatures range from 63°F to 77°F, a pleasant season with fewer tourists, ideal for exploring the town and its surroundings.
•    Winter (December to February): Average temperatures range from 50°F to 59°F, much milder than in many regions of the United States, allowing an active life even in the colder months.

2. EXCELLENT HEALTHCARE SERVICES 
For retirees, the quality of healthcare services is a crucial consideration when choosing a place to live. Cascais offers a network of high-quality public and private healthcare, with modern and well-equipped hospitals, clinics, and health centers.
Main Healthcare Institutions
•    Hospital de Cascais: A public hospital with excellent facilities and a wide range of medical specialties.
•    CUF Cascais: A renowned private hospital, part of one of the largest healthcare groups in Portugal, offering high-quality care and specialized medical services.
•    Clinics and Health Centers: Various private clinics and health centers spread throughout the town, ensuring easy access to routine and emergency medical care.

More info about Healh System

Access to the Healthcare System
Retirees from the United States can opt for private health insurance to complement the public services available. Many international insurers offer specific plans for expatriates, ensuring access to the best healthcare without worries.

Health Insurance:Best Options

3. QUALITY INFRAESTRUCTURE AND SERVICES 
Cascais is a modern and well-developed town, with quality infrastructure that meets all the needs of its residents. From efficient public transportation to state-of-the-art telecommunications services, the town offers everything necessary for a comfortable and connected life.
Public Transport and Accessibility
Cascais has an efficient public transport network, including buses and a train line that connects the town to Lisbon in about 40 minutes. For those who prefer to drive, the roads are well-maintained and traffic is relatively smooth, especially outside the high tourist season.
Commerce and Services
The town has a wide range of supermarkets, shops, banks, and essential services, making day-to-day life easy for retirees. Additionally, Cascais has several shopping centers and local markets where you can find fresh and quality products.
Connectivity and Technology
Cascais is well-served by modern telecommunications services, with high-speed internet and comprehensive mobile coverage. This facilitates communication with family and friends in the United States, as well as access to online services and digital entertainment.

4. RICH CULTURAL AND RECREATION 
Cascais is a vibrant and culturally rich town, offering a wide range of activities and events that keep residents active and engaged. Whether you are an art lover, music enthusiast, sports fan, or nature aficionado, there is always something interesting to do in Cascais.
Museums and Galleries
The town hosts several museums and art galleries, such as the Condes de Castro Guimarães Museum, the Sea Museum, and the Paula Rego House of Stories. These venues offer permanent and temporary exhibitions that celebrate Portuguese history, culture, and art.
Events and Festivals
Cascais hosts various events and festivals throughout the year, including the Seafood Festival, the Cascais Jazz Fest, and the International Culture Festival. These events provide high-quality entertainment and are great opportunities to socialize and meet new people.
Outdoor Activities
With its pleasant climate and stunning landscapes, Cascais is perfect for outdoor activities. The beaches, such as Praia da Rainha and Praia do Guincho, are ideal for relaxing or practicing water sports. Additionally, the town offers excellent hiking and cycling trails, world-class golf courses, and well-maintained parks.

5. EXPATRIATE COMMUNITY AND INCLUSION 
Cascais is a welcoming and international town, with a large expatriate community from the United States and other countries. This makes adaptation and integration easier, making the transition to a new life smoother and more enjoyable.
Clubs and Associations
There are several clubs and associations that promote the integration of expatriates and offer a wide range of social and recreational activities. The International Club of Cascais, for example, organizes regular events that facilitate meeting and socializing among the international community.
Support Services
There are also specific support services for expatriates, including real estate consultants, immigration lawyers, and relocation companies. These services help navigate the practical aspects of the move and resolve any issues that may arise.
Language Learning
Although many Portuguese people speak English, learning the basics of the Portuguese language can enrich the experience of living in Cascais. There are several schools and courses for foreigners, which not only help with day-to-day communication but also provide a deeper understanding of the local culture.

6. COST OF LIVING AND TAX BENEFITS
Living in Cascais can be more affordable than many American retirees imagine. Although the town is known for its high standard of living, the cost of living in many areas can be lower than in major US cities, especially considering the quality of life offered.
Housing
Property prices in Cascais can vary significantly depending on the location and type of property. However, there are options for all budgets, from modern apartments in the town center to luxurious villas in more exclusive areas.
Daily Expenses
The cost of food, utilities, and entertainment in Cascais is generally lower than in many cities in the United States. Local markets and supermarkets offer fresh and quality products at reasonable prices, and restaurants range from affordable options to high-level gastronomic experiences.

More Info about Cost of living
 

Tax Benefits
Portugal offers several tax advantages for foreign retirees, including the Non-Habitual Resident (NHR) regime. This regime provides significant tax benefits, such as exemptions from taxes on most foreign income sources during the first ten years of residence. For many retirees, this can result in substantial savings.
Budget Examples
•    Apartment Rent (1 bedroom): €800 - €1,500 per month, depending on the location.
•    Monthly Expenses (excluding rent): €800 - €1,200, including food, transport, and utilities.
•    Dinner at a Mid-Range Restaurant: €15 - €30 per person.

7. REAL ESTATE PURCHASE PROCESS
For many retirees, buying a property in Cascais is an essential part of settling in the town. The property purchase process in Portugal is relatively straightforward, but it is important to be well-informed and have the assistance of experienced professionals.
Steps of the Process
1-Initial Research
 First and foremost, research the different regions of Portugal to determine which area best meets your needs and preferences. 
2-Define Your Needs and Budget
The second step in buying property from abroad in Portugal is to clearly define the type of property you are looking for and your budget. Consider factors such as location, size, type of property (apartment, house, etc.), desired amenities, and the purpose of the purchase (investment, own housing, rental, etc.). Having a clear idea of your needs will help filter options and make the search easier.
 3-Online Research
Use recognized real estate websites in Portugal to start your search. Platforms like Remax.pt, offer a wide range of properties listed throughout the country, allowing you to filter your search according to your preferences. 
 4-Hiring a Real Estate Agent
Considering that you are making the purchase from a distance, having a local real estate agent is crucial. Choose a professional or agency with a good reputation, preferably one that speaks your language to facilitate communication. The agent can provide support throughout the entire process, from searching for the ideal property to closing the deal, including organizing virtual visits, negotiating with the seller, and providing legal assistance from the agency's lawyer.
 5-Obtain a Fiscal Number (NIF):
To buy a property in Portugal, you'll need a NIF, which is equivalent to a Tax Identification Number. Foreigners living outside the European Union, in Norway, Iceland and Liechtenstein.  only apply for NIF through a tax representative. 
 6-Open a Portuguese Bank Account:
 Having a bank account in Portugal will facilitate transactions and the payment of fees related to the house purchase.
7-Due Diligence and Property Valuation
Before proceeding with the purchase, it is important to perform due diligence to ensure that the property complies with all local laws and regulations. This includes verifying the legality of the construction, the existence of liens or mortgages on the property, and other potential legal issues. Hence, the importance of working with an international real estate agency that offers the services of its lawyer for free, and that allows hiring an experienced real estate agent to ensure that the asking price is aligned with the market value of the property.
8-Financing:
Before embarking on the journey of buying a house, it´s essential to assess your financial situation and explore your financing option plan to take out a mortgage, research various Portuguese banks to find the best interest rates and terms that suit your needs. At RE/MAX, we offer the free services of our credit intermediary, Maxfinance, who can help you find the best financing option among different banks.
9-Formalization of the Proposal and Negotiation
Once you have found the desired property and conducted due diligence, the next step is to formalize a purchase proposal. This process can be done from a distance with the help of your real estate agent. 
10-Make an Offer:
When you find the house you want, make an offer through your estate agent. Your agent will assist in negotiating the terms, including the purchase price and conditions. The offer should be in writing and should include the following information: the purchase price, the terms of payment and the closing date
11-Signing the Promissory Contract of Purchase and Sale (CPCV)                    
After the proposal is accepted, a promissory contract of purchase and sale (CPCV) is celebrated, which is legally binding for both parties. The CPCV establishes the terms and conditions of the sale, including the price, the completion date, and any other agreed conditions. 
12-Payment of the Deposit
Normally, a deposit is required at the time of signing the CPCV. The amount of the deposit varies but is generally 10% of the purchase price. 
13-Pay the Property Transfer Tax (IMT):
Before the final deed, you will need to pay the IMT, the property transfer tax in Portugal.
Property Taxes in Portugal
14-Public Deed and Registration
The final step is the deed of purchase and sale, which is carried out at a notary office in Portugal. For buyers from a distance, it is possible to grant power of attorney to a representative, such as your lawyer or real estate agent, to sign the deed on your behalf. After the signing, the property must be registered in your name at the Land Registry.

DOWNLOAD OUR GUIDE FOR BUYERS IN CASCAIS

Associated Costs
•    Property Transfer Tax (IMT): Calculated based on the purchase value, ranging from 1% to 8%.
•    Stamp Duty: 0.8% of the purchase value.
•    Notary and Registration Fees: Approximately €1,000 - €2,000.
•    Lawyer Fees: Vary, but generally between 1% and 2% of the purchase value.

8. INTEGRATION AND SOCIAL LIFE 
Integrating into the local community is essential to fully enjoying life in Cascais. The town offers numerous opportunities to socialize, learn, and engage in community activities.
Groups and Activities
•    Portuguese Classes: Several schools offer Portuguese courses for foreigners, facilitating integration and communication.
•    Social Clubs: Join clubs and associations that organize events, sports activities, and social gatherings.
•    Volunteering: Get involved in volunteer projects to meet people and contribute to the local community.
Active Lifestyle
Cascais encourages an active and healthy lifestyle, with many options for physical and recreational activities. From walking and cycling along the coast to yoga and dance classes, there is always something to keep the mind and body active.

Conclusion
Cascais is an ideal destination for retirees from the United States seeking a combination of pleasant climate, quality healthcare services, modern infrastructure, and a rich cultural and recreational offer. With its welcoming and inclusive community, attractive tax benefits, and competitive cost of living, Cascais offers everything necessary for a happy and fulfilling retirement. If you are considering retiring abroad, Cascais should be at the top of your list of considerations.

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Avenida 25 de Abril 722, C-9, Cascais or Avenida 25  de Abril 890, Cascais,
+351 214826710,    ppettermann@remax.pt

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RE/MAX Cidadela: Your key to a life by the sea in Cascais since 2004

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By Pedro Pettermann and Sol deAlós

Brokers at RE/MAX Cidadela  in Cascais and Lisbon since 2004

Making dreams come true: Over 4,500 families have found their perfect homes with our team

RE/MAX CIDADELA

A RE/MAX CIDADELA é uma agência de referência internacional com mais de 30 agentes. Desde o ano 2004 a trabalhar na linha de Cascais, Lisboa e Sintra. Todos os anos estamos entre as melhores 30 agências, numa rede com mais de 400 agências em Portugal, sendo vários anos premiados como a Best Single Office em Cascais e Oeiras. Mais de 4.500 clientes já compraram ou venderam o seu imóvel com a RE/MAX CIDADELA