Inside the Lisbon & Cascais Luxury Real Estate Market 

These so called "Wealthy Foreigners" do this around the world. They go from country to country, buy when it is cheap, spread the word that it is a great country, then sell at a great profit, and then move on to the next country. The local people have no chance.

True, but all these houses are for your corrupt politicians 😂

couldn't agree more, it will be impossible for our own

Expats do this a lot, but especially in Portugal since it has beautiful climate. It's so sad but the government make so much money from it and therefore they prioritise the foreigners rather than their people. Same thing is happening in Canada and Australia, and the normal citizens can't afford a property anymore.

Definitely ~ I mean what percentage of the population has five million euros to spend?

Sorry you feel that way. We recently uploaded a collection of videos about the Azores which we don’t think that is necessarily catering to the rich. We also think that this video is interesting for everyone not only those who can afford it. We personally can not afford these five million euros villas and apartments but we still find it very interesting. :)

​@@joenandamalieyes but a lot of people also just want a "simple" vlog sometines. Just walking down te street, some shopping and having fun. The quality of your really produced videos are great, but the balans is a little bitt of. But a can imagine that you dont feel like doing "simple" videos anymore, but its the chemistry of "simple" videos that got you the 100k subs :-p

@@gamejay7104 Thanks so much for your feedback! :)

Yep, sounds as if they are pushing a more commercial agenda now, promoting the already overhyped Lisbon property market. Shame really.

Quinta da Marinha (Cascais) was allways for ultra-wealthy

The won’t age well at all, the exterior walls all stain quickly.

Thank you so much. We appreciate it. ❤️

boxy homes are for lazy architects

There are many wealthy people with 5 million euros. As Chris Rock said "if the people knew how many rich people there were, they would riot". 🤣

​@stayclassyvlog you mean the one percenters?

Yes. That is our mistake. We apologize ❤️

We very much disagree. It is about life. ❤️

I wanna see what I can't afford! (it's the only way anyways... by video 🤣) The rest I already know 🤣And they're great, they do an excellent job promoting Portugal!

Life for the 1 %'ers@@joenandamalie

We show all of Portugal. We been traveling around this country for five years and we still are. We just went to the Azores. We are currently working on our charity video about kids in Madeira. Just because we have a curious video about Cascais it doesn’t mean that our content is about materialism. We went to a a very Portuguese area where Portuguese people have lived for decades. Okay, this particular part of Portugal has catered to the more wealthy Portuguese for many many years which is interesting because it reflects in the culture In Cascais. Just because most of us can’t afford it it doesn’t mean that it isn’t interesting to see. We enjoy seeing how other people live no matter their background to get a different perspective than our own.

Yes, they are becoming more egoistic and selfish. They should get back to the ground.

These houses are for Americans, Russians, Chinese, Indians, multimillionaire buyers. Rich Portuguese already have their houses usually through inheritance, or if they’re new rich in a gated condominium (like Quinta Patino). Regular people have houses in the rim of the cities, some other side of the river (they have to cross bridges to go work to Lisbon, or to Oporto). All weighed, is a good living, quiet, no much polarity in society, not much also in wealth (or the rich usually don’t flaunt it). Crossing fingers the influx of these new capitalists don’t break the balance (with ideas uprooting live/work balance, tax cuts for wealthy, end social healthcare/retirement fund/unemployment insurance [it’s a bundle], de-regulate,…). And these risk are not coming (only) from Americans as is usually the stereotype, far worse from others accustomed to authoritarian views.

Thanks as always!

100%. What a nightmare the discovery of "Europe's best kept secret" has become.

Same be said about London, Taipei, etc.

Thanks so much, Odette! ❤

Yeah we will see. It is so difficult to predict. So much is going on with the housing market. We are here just observing.

Thank you! 🤗

Thanks 🙏 We appreciate your sweet comment ❤️ and we are so sorry about the mistake 😅 we know now that he is very Portuguese.

Thanks so much, Andre! Coffee beans will be announced hopefully soon! :)

Our mistake! We somehow confused him for Brazil. Our apologies!

Cascais sure is an amazing place. We fell in love with this part of Portugal. But for us Cascais will also be place to visit not buy 😅

@@joenandamalie Agreed 👍

Thank you ❤️ I appreciate it

@@joenandamalie I would totally move from USA to Portugal if doctors were paid more over there :(.

Yeah, this is one thing we wish we could change. General salary rates for the locals. Hopefully locals will get to earn more in the future 🤞

Cascais has always been the hub for the wealthiest people in Portugal. Nothing new about that, so not sure what you mean? If you just want an active lifestyle there are lots of better places to choose from if the high life doesn’t appeal to you. 😊

Mas a primeira casa é de uma falta de gosto... mesmo à novo-rico! A wc toda em mármore?!

Our mistake! We somehow confused him for Brazil. Our apologies!

Haha, we just want you guys to come back here after Paris ❤️ Yeah, numbers are what they are but the houses are amazing too 😍

@@joenandamalie We will be back!!

Thanks so much, Jen! ❤️ The dress is from Massimo Dutti :)

@@joenandamalie I forgot to mention, I love how you added your decorative style suggestions! Whether or not either style sits with viewers, it’s a reminder that what you initially isn’t what you have to end up with!!

Sim, já recebemos muitas mensagens sobre isso. Pedimos desculpas pelo nosso erro!

​@@joenandamalie Ao longo de gerações, Portugal contou com muitos arquitetos que mereciam maior reconhecimento, bem como muitas obras de arquitetura de grande valor, que vale a pena estudar e divulgar. Vocês, que têm interesse nas artes, com as boas capacidades de pesquisa e síntese de que dispõem, deviam investigar o acervo de arquitetos, bem como de personalidades nas mais diversas áreas, que Portugal produziu ao longo da sua história e continua a produzir. Acredito que isso contribuiria para aumentar mais ainda o interesse dos vossos vídeos e, quem sabe, até daí resultar tema para novos vídeos. Fica o desafio.

​@@heldercristovao859 Sempre apreciamos um desafio. Quando fazemos essas viagens de filmagem muito intensas, às vezes perdemos (ou entendemos mal) algumas informações válidas, como fizemos aqui. Vamos tentar fazer melhor. :)

​@@joenandamalieYour Portuguese is wonderful already!

We hope and believe that everyone moving here respects the culture and ways of living. We can only talk for our self ofc. But we truly think that the culture, history and people is what makes Portugal magical. 🇵🇹❤️

Não são os americanos que estão a destruir Portugal mas sim os hindustânicos,já temos vilas, aldeias no Alentejo em que as mulheres, crianças não podem sair à noite ou brincar nos parques sem serem importunadas por essas pessoas

Highly likely

it's not "are going to ruin", it's already happening. Minimum Wage is 740€. Average rent in the outskirts of Lisbon is 900€, closer to the city center is more than 1500€. Even in cities with no industry an hour away from lisbon with 10k population average rents are approaching 500€. These prices are so much higher than they were 10 years ago. Students can't afford a room in Lisbon anymore unless they have rich parents. Even if they work part-time it's not enough. Portugal only has 10M portuguese people here. It's less than New York City. Even if only 0.1% of americans wants to live here they would vastly outnumber us. Now add to those numbers other rich retirees from countries like UK, Denmark.. + all the India refugee and brazilians sharing 10 people in a house Portugal is unfortunately not for Portuguese anymore. It's an amazing country to live if you make a high salary ( fortunately I'm lucky enough to do because I'm able to work remotely to another country), but if you're an average person that makes 800-1000€ per month it's getting pretty close to being unliveable unless you parents owned a house and they leave it to you. I'm very tired of seeing close friends of mine having to leave the country because they want a decent life where they don't need two jobs to pay their rent for a shitty apartment in a shitty city and in turn listening to americans saying they love it because of "how cheap it is".

Americans aren’t even in the Top 20 of countries immigrating to Portugal!

And with his annoying Californian spoilt accent , he proudly claims that his "3" years living in Portugal gives him justice to be the go to agent...

I would never buy a house from this guy.

>those areas was ALWAYS for the RICH people That's not true, at least not in the absolute terms you use to describe it. I know this area quite well and can tell you that the economic, demographic and real-estate landscapes have changed dramatically over the last 10 years. Cascais is one of the major examples of such. People don't realize just how much things have changed in detriment to the portuguese people. Cascais always had crazy rich people, ofcourse it did. But it also had every shade of portuguese person you can imagine. These people are getting harder and harder to find now with the invasion of rich foreigners. >didn't you guys voted PS AGAIN? So what are you guys complaining about? Sadly, I agree with you here. Unfortunately the minute portion of portuguese people willing to oppose the pernicious changes happening under our very noses is not enough to effect change. I also highly doubt that the solution will happen through the political sphere. The problem demands a collective acknowledgement and awareness that is still a ways off from happening. We must wait for things to get much worse before that can occur, IMO. Until then all we can do is wait. Hopefully there will be something left to save by then.

How is it superficial? It is an insight into the wealthy part of Portuguese real estate. Pretending it doesn’t exist, will not make it go away. This video is not for glorifying wealthy people, but it shouldn’t be received as the opposite either.

Ahh, I knew I said it wrong every time I said "field" lol :D

I think you are very right. But this video is not for us to sell anything to our subscribers. It is more an insight into something that we can’t necessarily afford. Like when you watch a New York house tour og a Netflix show like “selling sunsets” where you get to see how the rich and famous live. It is more for the fun of it. We love real estate and we also like to see the mansion that most of us can’t afford. :)

​@@joenandamalie No worries, we still love you guys, I'm ready to sell my 800K dollar home and move back to Portugal asap, but my wife keeps delaying it, I want to get out of this rat hole we call USA.

The majority of people living here are Portuguese. Cascais in particular has always been the playground for the Portuguese elite.

Yeah you right, from now on they should only talk about BARRACAS (favelas) Because it's way cheaper and then the Portuguese can afford that without problems even build one! But StayClass should be prepared to receive a lot of complaining, because of there one thing the Portuguese people love is complaining about everything they loved to have. 🤷‍♂️

​@@sivispacemparabellum395Não há favelas em Portugal...

@@marco31 Since I can not paste a link here, I can only put the article that this information is from. Google for "Diario de Noticias, Um milhão de Portugueses emigraram na última década". Also, the current foreign population in Portugal according to SEF is around 800,000. This is a large number, but still not enough to make up for the massive population drain from the Portuguese themselves.

If anything I believe we are helping the Portuguese by illustrating the current reality. The reason many foreigners choose Portugal is because the government here wants a lot of foreigners to move here. So if this is something the Portuguese people are all against I believe it’s a matter of changing the vote. Spread awareness. I don’t believe you can blame foreigners for coming here when it is so accessible. Who wouldn’t want to leave Denmark and depressing weather for Portugal, sun and happy days.

Here is the direct translation from the whole article: One Million Portuguese Emigrated in the Last Decade by Jorge Costa Oliveira - 07 Setembro 2022 The Emigration Report 2020, drawn up in 2021 by the Secretary of State for Portuguese Communities, is an important document that contains an extensive repository of information on Portuguese emigration. The main structuring conclusion is that Portugal continues to be one of the main emigration countries, with the overall number (stock) (c. 2.6 million nationals in 2019) corresponding to 25.7 per cent of its overall population, the highest figure among EU countries. Another impressive statistic is the consistently high number of emigrants each year. According to the INE, 991,536 Portuguese citizens emigrated between 2011 and 2020. In other words, in the last decade, 10 per cent of the resident population of Portuguese nationality left the country via emigration. At this rate, with low fertility rates and low immigration flows, the decrease in Portugal's resident population is inevitable. By 2100, according to the UN Population Survey, there will be 6.6 million of us; according to the projections of a study by Vollset and others, there will only be c. 4.5 million. At this rate, it could well get worse. The effects of this are dramatic, particularly in terms of the vitality of society and social security. The report mentioned, in general terms, the main reason for this migration drain: "Portugal has a GDP per capita and a human development index that are clearly lower than those of the main destination countries for Portuguese emigration". On the other hand, "Portugal has [had] a higher unemployment rate than the main emigration destination countries (with the exception of France)." But these reasons don't fully explain the phenomenon. It is unrealistic to be able to improve the living conditions of the general population any time soon, and in particular to significantly improve the pay situation of Portuguese workers. There are many people on low incomes, if not on the poverty line, and many companies with a cost structure based on low wages. This cannot be changed in the short term. But it is necessary to define an economic development strategy in which a large proportion of those considering leaving believe that, in the long term, their living conditions will be better and decide not to emigrate. For this to happen, it is essential that there is purpose, direction and ambition, that governments are competent and trustworthy, that business managers are qualified and capable, that it is easier to develop projects and that the tax burden is less oppressive. Until this happens, this migratory haemorrhage will not stop. We also need to start strengthening the links between Portugal's institutions and its citizens who are emigrating. By 2050, most Portuguese will no longer be living in Portugal but in other countries, namely Spain, France, Germany, the United Kingdom, Brazil, the United States, Canada and Angola. It is possible, if not probable, that after 2-3 generations there will be integration in these countries. Many will not return. But it is essential that the Portuguese state reinforces the ways in which these citizens maintain a connection to their homeland. Source: Darios de Noticias, "Um milhão de Portugueses emigraram na última década"

You know an increasing population is actually a good thing right? Maybe you should take it up with your government for letting investment companies buy properties instead of harassing immigrants

​@@ArginneDon't listen to him! The problem here is the sky rocketing prices but it's not immigrants's fault; it's the greedy real estate business and the government who allows it. Changing the vote would not solve the problem because right-wingeres don't dislike expensive houses and they don't care if expats are here, as long as people from poor countries don't arrive here.