According to a recent article published by The New York Times, Americans are heading to European countries in search of an affordable and enriching lifestyle. The opportunity to purchase homes that were once out of reach in major U.S. cities has attracted many Americans to Southern Europe, particularly Portugal. The country offers a pleasant climate, lower cost of living, and the proximity to many vibrant European cities.
The article highlights the efforts made by Portugal to attract wealthy foreigners and corporations, with programs like golden visas and digital nomad visas. These initiatives have made it easier for foreigners to live and invest in these countries. In fact, the number of Americans living in Portugal alone has surged by an astounding 239% from 2017 to 2022.
The allure of living in these European countries remains strong for Americans. The opportunity to embrace a more cosmopolitan lifestyle, enjoy pleasant weather, and benefit from lower living costs outweighs the disadvantages for many. However, it is crucial to address the concerns of local residents and find solutions that ensure housing affordability for all.
To read the full article recently published by The New York Times, which explores the complexities of Americans heading to Europe for an affordable and fulfilling life, follow this link: https://www.nytimes.com/2023/03/17/realestate/europe-homes-sale-americans-lisbon-barcelona.html
Check out our Ultimate Guide on Moving to Portugal
Finding Your Perfect Home
If you are an American contemplating where to establish your new home in Portugal, we have curated an exclusive article highlighting the best places for expats to live. Portugal offers a diverse range of locations, some of which are particularly well-suited for expat living due to various factors such as favorable amenities, cultural diversity, and welcoming communities. Allow us to be your trusted guide in identifying the perfect place to buy and settle down, ensuring a seamless transition into your new life in Portugal. Feel free to get in touch and have a chat with me via WhatsApp. Click here to start the conversation now via WhatsApp (My name is Bruna Barros).