Contact

News & Insights

US interest in moving to Europe increases by 40%

Sotheby’s International Realty has reported that the number of Americans registering requests to move from the States to Greece in the last month has increased by 40%  compared to the same period last year. Their latest report has also revealed that their revenue from US expats in Italy has increased from 5% to 12% in the same time frame.  With 9 million US citizens moving abroad each year, over a quarter of these American expats are making Europe their new home, and this percentage is only expected to increase in the coming years. Knight Frank real estate has also reported similarly high demand from Americans in France and Italy, demonstrating that US expats are considering relocating to a range of destinations across Europe.

Why Europe?

Due to the euro reaching parity with the dollar for the first time in 20 years, moving from the US to the EU is more economically viable than ever. This coupled with affordable healthcare and property, agreeable climate, high quality of life, and a comparatively low crime rate makes many southern European countries attractive destinations for US expats looking to start their new lives overseas.

The wide range of visas available also make the logistics of moving to Europe more straightforward. With a number of options suitable for both working and retired expats on offer, residency can be obtained by most US citizens with a variety of different personal circumstances. 

How can Blacktower help?

If you’re a US citizen looking to move to Europe but are unsure where to start, Blacktower is here to help. We offer a range of expat-tailored services, including full financial reviews, tax planning solutions and currency exchange solutions, and can work with you to transfer your financial arrangements overseas.

To arrange a complimentary, no-obligation consultation, click the link below.

This communication is for informational purposes only and is not intended to constitute as investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity.

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

Are You Prepared for Medical Costs in Retirement?

How much money will you need for medical costs when you retire?

Unfortunately the medical costs burden is much higher than many might imagine: a 65-year-old couple retiring in 2019 in the US will need to have saved $280,000 between them in order to meet the health and medical costs they will face through their retirement years.*

Individual retirees face a similar financial burden: $150,000 for women and $135,000 for men. These figures contrast sharply with what people predict they will need: around half expect their medical costs will be below $100,000 and 33% said they have no idea how much they will need.*

Read More

Forms of Interest for Expats Paying Tax in the US

If you are an expat paying tax in the United States, you will need to be sure that you are compliant with the annual income and asset filing requirements. Not only will taking steps to understand your obligations help you ensure that you are in line with the law, it also gives you the clarity to plan and structure your wealth and tax affairs so that you can move towards your longer term financial and retirement goals.

Here we look at some of the forms you may need to complete.

Read More

Select your country

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