More Americans are relocating to Portugal
According to SEF - Portuguese Immigration and Border Service, in the first quarter of 2022 US investment more than tripled compared to the same period in 2021. With an estimated investment of 25.1M euros in the first three months of 2022, the United States of America is now the number one country investing in Portugal.
To prove the statistics right, all one has to do is stroll around the cobbled streets of Lisbon, for instance, to listen to English with an American accent. There are also many Facebook groups dedicated to American relocation, Meetup groups that help integrate Americans once they arrive, and American clubs focused on a very active Portugal American community.
Portugal is one of the best places to meet new people and to start a new life. We have already shared several surveys that show that the Portuguese people welcome Expats with open arms and are quite friendly to the international community that has settled in this country, making them feel at home only a short time after their arrival.
According to a news report from Bloomberg, more and more Americans are relocating to Europe, driven across the Atlantic by the rising cost of living, inflated house prices, a surging dollar and political polarization.
Retirees and the wealthy have traditionally been the prime American buyers of real estate in Europe. However, the relatively cheap housing — particularly in smaller cities and towns — and the rise of remote work have made the European continent appealing to a wider range of people, including those who are younger and find themselves priced out of the housing market in the US. Growing crime rates in some US cities and political division have also driven Americans to look for a quieter lifestyle, in countries like Portugal, Spain, Italy, Greece and France.
To attract foreign buyers, Portugal offers captivating residency programs, which cover expats who wish to invest, work, and live in a country with 850 kilometres of cost line, stunning vistas and an average of 300 days of sunny weather.
