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☆ 53-year-old early retiree moved his family from the U.S. to Portugal—here's why they're happier than ever
▼ + stars: | 2023-09-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. In February 2015, Alex Trias, 53, and his wife Noki took their daughter Evie on a vacation to Lisbon, Portugal, and never looked back. Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. Alex TirasJust two days into their Portugal vacation, the family started planning a move to Lisbon. Photo: Alex Trias

Persons: Alex, Noki Trias, Alex Trias, Noki, Evie, Trias, fanatically, Alex Tiras, It's Organizations: Washington , D.C, CNBC, Global Citizens Solutions Locations: Portugal, Lisbon, Washington ,, Bairro Alto, Old San Juan, Puerto Rican, Spain, Europe, U.S, Sintra

☆ Portugal's new housing law threatens its tourism industry, say hostel owners
▼ + stars: | 2023-08-14 | by ( Julia Buckley | ) edition.cnn.com time to read: +14 min

The law – proposed and approved by Portugal’s ruling PS party – seeks to address the housing crisis in Portugal. The new law’s resolutions could potentially have far-reaching effects on those running alojamento local (AL) properties – including Portugal’s world-renowned hostels. AL properties outside of low-density areas will also see their current property taxes increase, and be subject to a new tax starting at 15%, known as CEAL. The new legislation threatens the future of all hostels in Portugal, says Miguel Santos, board member at the Associação Hostels de Portugal (AHdP) and owner of a Lisbon hostel. Pedro Nunes/ReutersOne hostel owner fearing for the future is Benedita Vasconcellos, who owns Lisbon’s Goodmorning Solo Traveller Hostel, voted Portugal’s best hostel in 2020.

Persons: Mais Habitação, –, “, hospedagem, ”, Eduardo Miranda, Valerio Berdini, Miguel Santos, ” Santos, AHdP, Richard Cummins, Kash Bhattacharya, ” Bhattacharya, Pedro Nunes, Vasconcellos, I’m, ” Vasconcellos, won’t, Filipa Aguiar, we’ll, Marco Bottigelli, Airbnb, ALEP’s Eduardo Miranda, Miranda, ” “ We’re, ALEP, Miguel Torres Marques, Marina Gonçalves Organizations: CNN, de, Alamy, Portugal, Artists, Reuters, Getty Locations: Portugal, Lisbon, Western Europe, Porto, Spain, Ericeira, ” Lisbon

☆ This 52-year-old early retiree left the U.S. for Portugal—a look at his typical day: 'It's pretty affordable'
▼ + stars: | 2022-11-12 | by ( Alex Trias | ) www.cnbc.com time to read: +6 min

My wife Noki left her nursing job a few years later, and we enjoyed a peaceful retirement in Washington, D.C. Zoom In Icon Arrows pointing outwards Bettina Corallo is located in Lisbon's Principe Real neighborhood. Photo: Alex TriasExploring Lisbon's historic centerDay or night, downtown Lisbon is an active city with plenty of ambiance to soak in. Zoom In Icon Arrows pointing outwards At the farmers' market in Príncipe Real, you'll find dried fruits and homemade pickles. Alex and Noki spend their time in the communal gardens drinking wine, hanging with neighbors, and enjoying views of the Tejo river.

☆ This family left the U.S. and bought an apartment in Portugal for $534,000—look inside their 400-year-old home
▼ + stars: | 2022-08-27 | by ( Alex Trias | ) www.cnbc.com time to read: +6 min

How we found our apartment in Lisbon, PortugalJust two days into our vacation, we started making plans to move. Photo: João Esteves for CNBC Make ItWe must have looked at more than 100 apartments online. Photo: João Esteves for CNBC Make ItMy realtor and I sat at a cafe and negotiated back and forth with the owner via text message. We took out a new loan on our Washington, D.C. home that gave us $600,000, and paid for the rest of the Lisbon apartment in cash. Photo: João Esteves for CNBC Make ItAt the other end of the apartment is our bedroom.

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