Moving Americans to Europe: Portugal is a prime destination for foreigners, despite restrictions.

The number of Americans moving to Europe or planning to do so in the near future is growing for several reasons. High housing prices, political divisions, high living standards, the rise of remote work, crime rates in some U.S. cities, and a strong dollar currency that is equal in value to the euro for the first time in more than 20 years stand out. Some people move because of their love of European lifestyles, culture, food, wine, or because of jobs or family members who have already moved to the old continent.

Portugal, Greece, Italy and Spain

Portugal, Greece, Italy and Spain are attracting particular interest from U.S. buyers, offering special terms for golden visas, digital nomad visas, green visas and affordable housing. Portugal is considered one of the best places for expats and retirees to enjoy the good life, and its golden visa program is one of the most popular in the world. The number of Americans living in Portugal increased by 45% in 2021 compared to the previous year. In Spain, also a popular destination and with the largest U.S. population in Europe, the number of resident Americans increased 13% from 2019 to 2021 and continues to grow. Inquiries from Americans who want to move to Greece rose 40% between April and June this year compared to the previous year. The same goes for Paris, as well as France, Greece, Spain and Italy, where American demand for real estate is reaching its highest values in recent years.

The average cost of housing

in the U.S. is about $428,700, but varies by city and state. The average price in Hawaii is over $1 million, while in West Virginia it is less than $150,000. In Portugal, the median home value is around $365,000 and in some regions it is under $125,000.