Lisbon ranked as the best place to live for an ‘Executive Nomad’
Lisbon is the best location to live for business executives who travel frequently and work remotely, according to Savills, a London-based real estate company.
The firm’s latest report, the Savills Executive Nomad Index, ranks fifteen popular destinations around the world based on five factors: climate, quality of life, connections to international air travel, internet speed, and prime rental prices.
According to the report, the low levels of air pollution, good climate, and its international airport are the main reasons as to why Lisbon outshined the other fourteen locations. Algarve, fellow Portuguese location ranked fourth, offering many of the same benefits.
Ricardo Garcia, head of residential at Savills Portugal, stated in the report “Tech executives and entrepreneurs are also drawn by Lisbon’s burgeoning status as a tech hub,“.He also highlighted that “Real estate costs are low and there is a strong local talent pool. Companies are moving their headquarters to Portugal. The area is becoming more and more international.”
Ricardo Garcia further commented, “Young professionals typically rent small city centre apartments. While families look for larger homes in Lisbon or Cascais, a beachfront community close to the best international schools”.
As the workplace has evolved to a new and more flexible model, executive nomads are turning what were previously holiday-homes markets into year-round ones. Lisbon as well as Portugal south region of Algarve offer them connectivity, favourable climate, and a high quality of life.
