Contact

News & Insights

Portugal becomes Europe’s most popular destination for American Expats

Research reveals that Portugal is quickly becoming the favourite location for Americans moving overseas to Europe, outranking the previously preferred destinations of Spain and France for the first time.

With its beautiful and varied landscape, fantastic food and welcoming locals, Portugal has always been a popular location for expats, both working and retired. However, in recent years, this popularity has surged dramatically, particularly with Americans looking to find a new home in Europe.

Research by mydolcecasa.com assessing data surrounding ‘moving to’ google searches revealed that while France and Spain were the go-to destinations for American expats over the past decade or so, Portugal has surpassed both in terms of interest from the US population. It is not only these previously favoured locations that have been overshadowed by the ‘rising star’ of Portugal, but also other popular destinations such as Germany, Switzerland and Italy.

The research into search trends concerning the phrase ‘real estate in’ suggests that a considerable proportion of these Americans looking to emigrate to Portugal are also considering committing to the purchase of property there too, in turn implying that they are intending to stay in the country long term, or even permanently. This is probably due in part to the fact that property is significantly cheaper in Portugal than the US, with the median price of a Portuguese house in 2022 working out at $138 per square foot, well below the $202 US equivalent cost.

If you are thinking about purchasing property abroad, you can read our blog on Things to Consider when Buying a Property Abroad.

If you would like to speak with one of our experienced financial advisers regarding financial services in Portugal, you can click the link below to arrange a complimentary consultation.

This communication is for informational purposes only, based on our understanding of current legislation and practices which is subject to change and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice form a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expats can stay strong in face of Brexit

It may have been close run thing but the UK has voted to end its membership of the European Union and now is an appropriate time for all concerned to consider the implications.

Fortunately, and despite the atmosphere of doom and gloom that has seemingly engulfed the country since the result, there is no need for any particular panic or even urgency. The exit process is expected to be long and drawn out, and although most experts predict it as inevitable there is still some realistic prospect of a renegotiation, particularly in light of David Cameron’s resignation.

Read More

Tax changes for second home owners in France after Brexit

Paris Street, FranceIf you’ve moved overseas or have a second home in France, you may be used to calling several places home. After all, living in France won’t always mean completely cutting ties with your country of origin as you may still have family living there or own other property.

But when you own property abroad, it’s crucial to stay up to date with any tax legislation and law reforms in that country, or you could be in for a nasty shock. That’s why it’s so important to take charge of your wealth management to make the most of your second property in France.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: