Recent years have seen a dramatic increase in the number of American Expats looking to emigrate to Europe, with Portugal, Spain, Italy and Greece proving to be the most popular destinations.
With its beautiful and varied landscape, amazing food and fantastic culture, mainland Europe has always been a popular location for expats from the UK, both working and retired. However, in recent years, this popularity has surged dramatically with American expats who are looking to set up a new life across the pond.
Traditionally, France, Italy and Spain have been the most popular destinations in Europe for US expats, but research by mydolcecasa.com assessing data surrounding ‘moving to’ google searches has revealed that these previously favoured locations have been surpassed in popularity by the ‘rising star’ of Portugal. The vibrant and picturesque cities of Lisbon, Porto and Chaves, are some of the most in-demand locations within the country, along with Portugal’s southernmost region, the Algarve, renowned for its scenic coastlines and golf resorts.
Recent search trends also suggest that a considerable proportion of these Americans looking to emigrate to Europe are also considering committing to the purchase of property there too, in turn implying a permanent, or at least long-term move. Whereas retirees and high-earners have previously been the primary purchasers of property in Europe, the strength of the dollar against the Euro is now opening the market up to younger buyers who are unable to afford to get on the property ladder back in the States.
If you are thinking about purchasing property abroad, you can read our blog on Things to Consider when Buying a Property Abroad or discuss our international mortgage solutions with one of our experienced financial advisers by clicking the link below.
Disclaimer: The provision of information in this communication is not based on your individual circumstances and does not constitute investment advice. Blacktower makes no recommendation as to the suitability of any of the products or transactions mentioned.
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.
Investment advice and investment advisory services offered and provided through Blacktower Financial Management US, LLC. This communication is for informational purposes only based on our understanding of current legislation and practices which are subject to change and are not intended to constitute, and should not be construed as, investment advice, tax advice, tax recommendations, investment recommendations or investment research. You should seek advice from a professional 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.