Crise What Crise?

[martin]

A couple of years ago, three Canadian tourists asked about a good seafood restaurant , so I mentioned about a famous one in Silves they could go to.

Next day I asked how was it ....ok - but they had been shocked by the bill, €150.00 for the three of them.

So it is surprising in this time of austerity, of crise, of cutbacks, that walking past the same restaurant tonight at the medieval fayre, there was not a table free and 30 people were lined up outside waiting to pounce once a table became vacant, a next door shopkeeper says even at 12.30 at night there is a still a line of people waiting to get in.

[fmm]

I've managed to spend 150 euros on just two people eating there before and I still go back ... if they had lobster or the sea food platter then the cost is pretty high - but there are plenty of cheaper options. And don't bother going if you haven't booked - you are not likely to get in!!!

[joeysoap]

this is one of the reasons portugal is in the sh**e. overcharging. and idiots paying for it. and queueing to pay. fecking ejeets.

ireland got itself into the dodo the same way. no price was too high for anything.

different story now.

I would say that on average its as cheap if not cheaper to eat out in ireland now than carvoeiro. wine is more expensive of course but basic 3/4 course meal probably cheaper. and that's some climbdown.

[fmm]

Most of the "idiots" going to this restaurant are Portuguese - and I can guarantee are NOT paying these prrices. Read my post again where it CLEARLY states that you can eat for normal prices providing you are not having hte most expensive items on the menu. There is choice ...

However, (and charming language to describe people who enjoy this restaurant) each to their own and if people can afford to pay 150 for a good meal, then why should they not pay it? Equally, if they want to pay 10 euros a head (which they can at this restaurant) then good for them.

THe restaurant is one of the most successful in the Algarve. Got to be for a reason ...

[widge]

this is one of the reasons portugal is in the sh**e. overcharging. and idiots paying for it. and queueing to pay. fecking ejeets.

ireland got itself into the dodo the same way. no price was too high for anything.

different story now.

I would say that on average its as cheap if not cheaper to eat out in ireland now than carvoeiro. wine is more expensive of course but basic 3/4 course meal probably cheaper. and that's some climbdown.

Ireland borrowed too much creating their very own property bubble, spent the imaginary equity on holidays & helicopters and when it went tits up left the banks with a pile of toxic assets and bad debt. High priced restaurants was a bit of a side show!

[EMM]

Joey your comments contradict those of an Irish family we overheard in Carvoeiro a few weeks ago.
They were very happy with the prices comparing them favourably to those they would have to pay in Dublin.

[joeysoap]

dublin is dublin I grant. don't think any capital city is cheap. but outside dublin lots of good restaurants for very reasonable prices.

apologise if I offended anyone by stating that only ejeets visited this restaurant but the OP stated that 3 Canadian tourists were shocked by the prices. and for a good reason. these are not the prices they would expect to pay in Canada, and as Canada is not one of the countries in the dodo at the moment maybe there is a reason why not. they don't lose the run of themselves. like we did in Ireland and like the spanish and portuguese did.

this is the very first site site my browser threw up just now to my search

http://www.hosteldublin.com/cityinfo/eating.php#

dont think the prices compare very badly with carvoeiro most are in the tourist drag of temple bar area.

second browser search , dublin again

http://bit.ly/mXbUCa

not the prices you would have paid 3 years ago, believe me

and I do agree the hotel/restaurant prices were a sideshow to the real problem, but also an indication of a country gone wrong.

[traveler]

While I won´t speak to this specific restaurant, I do agree that there is a tendency here to overcharge when times are not good. Fewer customers mean got to soak those they do have in many minds.

I find going out in CVO expensive for the most part. I also find the quality lacking. I can cook a better meal for a fraction of the price...and going out for a lousy meal and paying for it is guaranteed to put me in a bad mood. But that´s just me.

Of course, then there is the service and clean up component. But hell, that´s what I have kids for!

[EMM]

The idea that local services increase their prices when demand falls is a bit of a fallacy.
IVA has increased and will increase again, the costs of food has increased substantially acrossthe world ( just look at UK inflation ) and lets not look a fuel prices.
But I will agree that there is a lck of lateral thinking or marketing in the approach of many places.

Early dinner specials, fewer items on the menu etc or more basic dishes at lower prices.
These work as they attract customers who may then come back.

Fresh fish is expensive that is because it is a limited rescource with again a massive global demand.

We too have spent enough time to know that we can create many of the dishes sold in restaurants for a fraction of the price and yes sometimes the quality is better to.

Is CVO epensive, compared to a similar night out in the UK certainly not. We would normally pay 25-30% more for a comparable meal
( not one of you Harvester, Hungry Horse type places ) in the UK.
Example 2 drinks, 1 beer/1 wine in our local better quality Italian over £10 ( we wont be going back there again ).

[fmm]

Talking to the lady who works at my solicitos in Cvo, she was saying the electricity tax is going up fom 6% to 23% next month, and that where they normally have their salary split into 14 payments, one of those 14 payments is being deducted 50% by the government.

Or something along those lines!

They are not having it easy out here - and with the government dictated increases of course it means that everything is more expensive out here. Not that the business are making more money out of us ...

[EMM]

There is a 3.5% tax premium to be paid, not just on those in receipt of salaries but on ALL TAX bills for 2011.

When your 2011 tax is calculated I am told that this will be increased by up to 3.5%.

This is supposed to be a 1 off and is to contribute to the deficit reduction.

The other thing I have been told , ( maybe someting lost in translation ) is that those who are resident in Portugal for tax purposes and rent property will if their turnover exceeds 10,000euros will now be liable for IVA as it is regarded as a business.
If this is true owners ( resident in Portugal ) will have to raise their rental rates to cover the IVA ???

[EMM]

Regarding the 3.5% tax surcharge it is on the Blevin franks website. www.blevinfranks.com

[ron5000]

There is a 3.5% tax premium to be paid, not just on those in receipt of salaries but on ALL TAX bills for 2011.

When your 2011 tax is calculated I am told that this will be increased by up to 3.5%.

This is supposed to be a 1 off and is to contribute to the deficit reduction.

The other thing I have been told , ( maybe someting lost in translation ) is that those who are resident in Portugal for tax purposes and rent property will if their turnover exceeds 10,000euros will now be liable for IVA as it is regarded as a business.
If this is true owners ( resident in Portugal ) will have to raise their rental rates to cover the IVA ???

Tis true, I had a meet with my accountant last week for the usual monthly tax and social security payment and we discussed IVA. The threshold is 10000.00 euros, biggest problem is that finances are divided about the rate. Should be rental local is 6% on turnover, not profit. Finances want to charge at the moment 23% on turnover which to my mind is clearly not on. My accountant has spoken to finances in Lisbon and they agree the rate should probably be 6% but will not put in writing. My view as an agent is IVA should be paid on the profit as it is with used car sales but they will not look at it like that. My accountant suggests that owners give an invoice including IVA but that is never going to happen and for another year we are going to have to swallow the tax be it 6 or 23%. Houses available for rent have to have a rental licence or at least an application for one, if they don't then are illegal and will be subject to large fines and not be allowed to rent except to friends and family. There will be a lot of activity from the fiscal from September on so be aware

[EMM]

This will result in a reduction in the rental pool as those many owners who only rent for a few weeks of the year decide that it is all too much hassle and the returns will not be worth it.

The " hotel " industry and the growing number of " touristica " developments are obvioulsy lobbying government to put tighter controls on the private sector as this will mean more business for them.

But if this does take hold it will be another kick in the gonads for the property market as buyers who " buy to rent " will also think that it is not going to be worth doing.

( Starting to worry , I am morphing into glooom and gloomier )

[cereza]

This will result in a reduction in the rental pool as those many owners who only rent for a few weeks of the year decide that it is all too much hassle and the returns will not be worth it.

The " hotel " industry and the growing number of " touristica " developments are obvioulsy lobbying government to put tighter controls on the private sector as this will mean more business for them.

But if this does take hold it will be another kick in the gonads for the property market as buyers who " buy to rent " will also think that it is not going to be worth doing.

( Starting to worry , I am morphing into glooom and gloomier )

It will get us all in the end