Lisbon is rapidly becoming a top destination for British expatriates and investors. The city’s dynamic culture, thriving tech industry, and prime location are key factors contributing to its growing allure, according to the Portuguese Chamber of Commerce.
At the recent Moving to Portugal Show in London, 45% of attendees expressed interest in relocating to Lisbon, a notable increase from previous years. Younger buyers are drawn to the city’s abundant opportunities.
Here the Portuguese Chamber of Commerce outlines some of the reasons why British buyers are focusing on Lisbon:
- Lisbon: A Thriving European Tech Hub
One of the main attractions for British investors is Lisbon’s booming tech scene. In recent years, the city has emerged as one of Europe’s fastest-growing tech hubs as the influx of international talent has transformed Lisbon into a hub of innovation and entrepreneurship.
- Real Estate: A Blend of Tradition and Modernity
For British buyers, Lisbon’s real estate market offers a unique mix of historical charm and modern convenience. The city has undergone a significant transformation in recent years, with both the renovation of traditional buildings and the development of new properties catering to international investors.
- The Appeal of Lisbon’s Mediterranean Climate
Another key factor drawing British buyers is Lisbon’s pleasant Mediterranean climate. The city enjoys mild weather throughout the year, thanks to its proximity to the Atlantic Ocean. Summers are warm but comfortable, with average temperatures of around 29°C in August, while winters remain mild, rarely dipping below 10°C. Combined with Lisbon’s outdoor lifestyle, this climate makes the city ideal for both permanent relocation and frequent visits.
- A Family-Friendly Destination with Strong Expat Communities
Lisbon’s family-friendly environment is another reason for its increasing appeal to younger British buyers. The city is home to 27 international schools, offering a range of curricula that cater to expatriate families. Coupled with a high quality of life, this makes Lisbon an attractive destination for families looking to relocate.
- Excellent Connectivity with the UK
Lisbon is also exceptionally well-connected to the rest of the world, particularly to the UK. British expatriates can easily maintain strong ties to their home country, with over 400 direct flights per week between Lisbon and London provided by airlines such as Ryanair, easyJet, TAP Portugal, and Vueling. This ease of travel, along with the rise of remote work, enables British professionals to enjoy Lisbon’s lifestyle while continuing their UK-based employment.
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