Why It's a Good Time
- Cost of Living: Many parts of Southern Europe — especially Portugal, Spain, and parts of Greece — still offer a lower cost of living than Canadian cities or popular U.S. snowbird spots. Long-term rentals, dining, and healthcare can be significantly more affordable.
- Weak Euro (in relative terms): The Canadian dollar has historically performed better against the euro than against the U.S. dollar. Even if it's not super strong right now, the value-for-money in countries like Portugal and Spain remains excellent.
- Schengen Zone Access: Canadians can stay up to 90 days in any 180-day period visa-free in the Schengen Area — which includes most of Southern Europe. It's ideal for a snowbird-style stay of 2–3 months over winter.
- Milder Winters: Southern Spain (e.g., Costa del Sol), Portugal's Algarve region, and Greek islands like Crete or Rhodes offer mild, sunny winters — perfect for escaping the cold without extreme heat.
- Increasing Infrastructure for Expats: Cities like Lisbon, Malaga, and Valencia have grown increasingly welcoming to North American retirees and remote workers, with more English speakers, international healthcare, and direct flights.
Things to Consider
- Schengen Time Limit: You can’t spend more than 90 days in any 180-day window without a visa — though some countries (like Portugal) offer longer-stay visas that are snowbird-friendly.
- Healthcare Coverage: Travel insurance is a must unless you're on a residency visa with access to public healthcare.
- Travel Logistics: Flights are longer (and sometimes pricier) than to Florida or Arizona, but off-season deals are common.
If you’re considering vacation home in Southern Europe, let’s connect. Together, we can achieve your real estate goals with sophistication and success.
Feel free to contact Rick and Team for your home purchasing needs.
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