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.