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.
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