Lagos

And the beauty of jujitsu, as we all know, is community.

And I remember walking into Fusion in Lagos.

in the Algarve and I met Tiago the professor there and he greeted me and I went in and took my first class and I met a lot of friends there a lot of friends and again I didn't speak any Portuguese at the time and I was learning predominantly in Portuguese as well which was a whole new learning curve because I had to quickly adapt to I mean the classes are in English now but obviously this is going back a few years yeah So I was learning predominantly in Portuguese at the time.

And it was a whole new learning curve because I was trying to learn the language and jiu-jitsu.

Welcome back to the Relocated South African, the show for navigating immigration from South Africa.

As always, your host, Jan Hugo from Lagos in Portugal.

Today, we're heading to Cape Town where my guest, Rob Hersov, has been living since 2017.

Welcome, Rob.

Where are we talking?

We are talking about Lagos in Portugal, which is not the Lagos in Nigeria, but Lagos, Portugal.

And this is like just a spectacularly beautiful beach and marina and historic old town on the western edge of Portugal's Algarve.

So if you picture Portugal as a rectangle, go to the western edge of it and there is this amazing view.

So that's kind of my baseline.

Rental income is on top of that.

And in this type of deal in Lagos, you're going to be looking, if you're doing short term, you're going to be looking at Grossing in the region of 12 to even 12 to 16 percent, you know, maybe by the time you've paid your taxes and all your costs, that comes down to a net in the region of 7 to 8 percent.

So still really, really compelling, you know, considering, you know, what type of yields are out there on any other assets, plus the fact you can borrow so cheaply, plus the fact that you're also getting capital appreciation on top.

And he dropped the price, 25,000 euros for the osmosis.

And yeah, and it took me, not me, in the shipyards, it took the shipyards almost five months because it had to dry, they have some covers to take the water out of the bare hull because you need to sand everything until the fiberglass and then and then the boats needs to be the whole needs to be drying for for some time and it took a while and they measure every time or so they go measure the humidity on the hull and and until it's kind of dried and then you epoxy and do all these layers and and now it's completely new so this is was the first job i did so When I arrived to Portugal, I did it in Lagos.

It's a nice, very well-known shipyard for selling boats like ours.

And then a year later, I changed the engine.

The Med is a lot of traffic and the wind is never stable.

So I think it was the hardest leg.

Then I left the boat in Lagos.

Lagos is in Algarve.

There are stronger income markets elsewhere in Portugal that can deliver double-digit yields.

like the town of Lagos in the Algarve, which I covered in a previous video.

But for someone who wants a Portuguese lifestyle base that can generate meaningful income when they're not using it, the equation can be extremely compelling.

That's exactly how the Silver Coast works for me.

We've made the leap and we find out what life really looks like on the other side.

As always, your host Jan Hugo from a very warm Lagos in Portugal.

And today I'm chatting to someone who's built not one, but two businesses in the UK.

We look forward to hearing her story.

Welcome back to the Relocated South African.

As always, Jan Hugo talking to you from a very warm Lagos in Portugal.

Today, my guest is Dale Lyall.

He's in Canada.