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Why Are American Clients Looking To Buy A Home In Portugal?
The surge in interest to relocate and start a new life in Europe, specifically Portugal peaked for American home owners, in this past quarter of 2022. The estimated investment of American buyers in Portugal has tripled since 2021, totaling an amount of 25.1M euros to date, according to the Portuguese Service of Foreign Immigration.
The decision of relocating across the Atlantic for some Americans stems from an increasingly polarized political system, rising safety concerns, an ineffective healthcare system, destructive floods and wildfires and surging living and housing costs.
The Unique Resemblance Between The Portuguese And American Coasts
With more than 800km of serene costal areas, Portugal offers all year round fresh ocean breezes, a Mediterranean climate surrounded by fauna and flora alike, warm and sunny winter days filled with magical sunsets.
As buyers settle in the northern region of Portugal, typically around the city of Porto, you can expect cooler and cloudier climate, comparable to that of San Francisco and San José and only a 30 minute drive away, homeowners can find a Napa Valley resembling wine region known as the Douro Valley.
Further south towards the region of Lisbon, residents may find brighter and more sunny days as well as a warmer climate. As with the Californian coast, all throughout Portugal many are the water sports enthusiasts. Ericeira and Nazaré are home to some of the world record breaking big waves and house a growing community of digital nomads. Alongside the capital of Lisbon, has an incredibly similar bridge to that of the Golden Gate Bridge, known as “Ponte 25 de Abril”, which is painted in a very similar shade of red.
In the past year, since changes were made to the Golden Visa scheme in 2021, many buyers have started exploring the surrounding areas of Lisbon, such as Cascais, Oeiras, Sintra, Tróia and Comporta. Under an hour away from the capital, with various public transport available, these stunning areas have been greatly compared to Santa Barbara and Palm Springs, offering stunning marinas, mountainous greenery, serene beaches and unspoiled fields of pasture.
All the way towards the southern region of Portugal, in the Algarve both a western and southern coast can be admired, perfect for home buyers looking for a life of luxury by the beach. Comparable to that of Laguna Beach, the Algarve offers endless stunning sea views, unspoiled fine sand beaches with cliffs and coves to explore, some of the best golf courses in Europe and an endearing protected wildlife.
Keep All Of America’s Good Traits When Moving To Portugal Permanently
With so many similarities to be found between the coastal areas of Portugal and America an international move could seem like the perfect idea. As a luxury real estate agency based in the Algarve area, our 35+ years of experience in the industry has granted us the opportunity to help clients from all over the world find their home away from home in this beautiful corner of Europe. We would love to help you find yours and invite you to get in contact with our expert sales team.
For more information contact One Select Properties on + 351 289 143 940
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How sad. !!!!!!
By J from Lisbon on 30 Aug 2022, 19:14
A word of note to our US friends. Please respect that Portugal IS NOT the US, and please DO NOT try to replicate the disaster that the US has become. Please respect Portuguese culture, history (much more prestigious than anything the US has ever done) and the Portuguese way. Please don't complain that you cannot find 'good' avocados to make guacamole...live with it. And PLEASE try to adapt to Portugal, and not the other way around. You, like me, are a guest here...respect that. Thanks.
By Bruce from Lisbon on 31 Aug 2022, 08:05
All cultures change. Portugal certainly needs to develop and change for the better. Portugal seriously needs to make an effort to be a 21st century European country where the standard of living is not only directed to wealthy foreigners. All else is just the same ridiculous cult of poverty and endemic corruption. Stating that Portuguese culture does not need to change is a fallacy - because it really does need to become more transparent, more efficient and fair for all.
By K from Other on 31 Aug 2022, 14:52
I just wanted to echo Bruce's comment. I could not agree more than what he is saying. My wife and I left USA after 25 years ( I am from Denmark originally), to live a more peaceful life without all the disadvantages in USA that the article points out, but also to get away from a lot of rude, arrogant and obnoxious Americans that especially exists on the west and east coast. If they come with a nice attitude and respect the Portuguese culture and people and settle in as such it is OK. Otherwise stay away.
By Thomas from Algarve on 31 Aug 2022, 15:07
J . Why ? My golf club has just raised 108000 euros for the firefighters , what have you ever done ?
By Mark from Algarve on 31 Aug 2022, 17:29
How many strikes this week in Portugal...Blame the Americans moving here...Looking in the mirror is tough for you...But hey Benfica is more important than holding the government and fellow countrymen and women accountable...No? The EU and ECB are your masters...Stop blaming others for your countries problems...You are to blame Salazar...
By Sakamoto Suarezzz from Lisbon on 01 Sep 2022, 00:08
Mark. More than you will ever know . Fouriner
By J from Lisbon on 01 Sep 2022, 07:24
Leave America behind and accept Portugal for what it is (was).
By lewis mitchell overdorp from USA on 01 Sep 2022, 08:06
I met an American woman last summer, thankfully, she was only here on vacation as she believed Donald Trump was a great President!
By G from Other on 01 Sep 2022, 08:24
Great, Bruce. In all my years here, I've never seen a need to point this out to Americans who choose to live here. Syllogistically and Venn diagramly speaking, few Americans open-minded and wordly enough to undertake such a move are in need of such a "briefing." (Now, Brits, who come from a completely different historical context in relation to Portugal, that's a different story, especially in that British colony called The Algarve.)
And please keep in mind that no matter how much certain aspects if the US have, yes, turned into a dumpster fire, that country certainly hasn't cornered the market on disasters, or nightmares, or whatever you called it.
Take, oh, Portugal, for example, which was such a disaster as recently as half a decade ago that it needed an astounding 92 billion dollar bailout to stave off a 100% collapse into developing-nation status. (Other countries need bailouts too, of course. Here's a comparison: Argentina, a country of 45 million people, needed only a 20 billion dollar bailout. Portugal, by the way, has a population of just 10 million. Yeah, an astounding, incomprehensible disaster.)
The upshot? Well, who provided that money? The IMF, which is the brainchild of the US government, and which is funded by, more so than any other IMF member, the US.) Remember that the next time you step outside your front door and aren't greeted with the utter despair and disrepair that greeted you throughout the first half of the 2010's.
And then remember one more thing: how you don't hear the same kind of condescending requests coming from US citizens to Portuguese immigrants when in fact Portugal-to-US emigration outpaces US-to-Portugal emigration 5,000-to-1.
Also, in case you're wondering, I'm not American.
By João C from Lisbon on 01 Sep 2022, 20:25
It's really weird to reflexively default to competitiveness (Bruce's "Portugal's cultural contributions > the US's!"), but, man, if you're going to play that game, let's just note that it sure is weird to be doing that on the Internet, a communicative medium almost solely pioneered by Anericans.
By the way, I absolutely despise the negative aspects of American culture (so much so that I left the country for northern Europe), but I also am savvy and observant enough to understand that the intellectually lazy, freeloading aspect of some Americans correlates directly to the presence of countless industrious, brilliant and progressive Americans (in much the same way that large populations of bottom-feeding ocean dwellers, spending their lives with mouths agape waiting for scraps, can exist only where apex predators thrive above)
Obviously, little has existed in a vacuum since the Industrial Revolution, but it's the US which has been largely responsible for the advent of automotive and air travel, computers, electric conduits and networks, etc.
I won't be crass enough to rank the two cultures, but don't fall for this Portuguese romanticism of past glory. Keep in mind the underlying motivation between its long-gone (failed) nautically-driven empire. One way to do that is to consider that in the Portuguese language there is, quite tellingly, no distinction between "explore" and "exploit." And also consider what kind of country you'd be living in--I get that you're not a native--had Portugal actually achieved its ambitions.
Portugal is a fantastic country. But it's also a glass house. Don't throw stones.
By Gregg from Other on 01 Sep 2022, 21:13
I hope they get their residency quicker than we who have lived here for the last 12 years have. Still no word of it happening.
By Martin from Lisbon on 02 Sep 2022, 10:21
I don't care what the haters say about Portugal. I love Portugal and the Portuguese people and culture. The Portuguese along with other countries who provided alot of their laborers, helped build Europe, Canada and the United States.
By Lisa from Other on 02 Sep 2022, 18:14
I’m a Portugues leaving in the USA , have properties in Portugal and to say that the Healh care in The USA is not good is not correct . The health care system in Portugal is completely broken . I know because I use the Portugues system every time I go there which is every year . If you need ASAP medical attention!!!! Good luck . And so many other things . Great weather great food great wine but a lot of broken systems. If you have friends in high places you should be ok . Good luck .
By Olga Pereira from USA on 02 Sep 2022, 18:25
It will be a double edge sword. Good for the economy, business, and for property owners. Bad on account that they bring their habits, i.e., littering, some are rude, no respect for other cultures, and I could go on and on.
How I know? I am an American Portuguese. First generation on my mother's side. My grandparents still lived there and from a child, would visit there every other year. My parents had a house there, up near Luso, since 1985. Now I own it, but visit yearly and planning on moving permanently by 2025 I hope.
I have noticed the "Americanization" of Portugal since 2004 and it is now on high speed with technology. I hope the the American expats uphold the values of the Portuguese traditions as much as they would like their traditions upheld when the shoe is on the other foot.
By Jose from USA on 02 Sep 2022, 20:54
An "article" written by a Real Estate agent. Not news, not balanced, an advert(isement).
By E-lectric from Other on 03 Sep 2022, 03:35