What Makes The Algarve The Top Choice For Americans
In the last few years, a steady flow of Americans left the shores of the United States in search of a better life many choosing the Algarve. So why is the land of freedom and opportunity losing its appeal for many of those living there?
In 2020 it seemed the place to migrate to for Americans was New Zealand with over 250,000 applications in that year. However taking into consideration the distance from home and the climate, it seems they are now looking into pastures nearer to home with kinder weather conditions.
In 2021 the number of Americans living in Portugal rose by 45% compared to the previous year and a further increase is expected by the end of 2022. With a large number of those relocating to the Algarve or the capital Lisbon.
So Why Are So Many People Leaving America
It would seem that many Americans are complaining about the standard of living and how it has changed over the last decade. With fewer employment opportunities and inflation rising faster than wage increases, some are struggling to get by.
In areas, prosperous areas house prices have risen markedly forcing many people to live further away in the less desirable areas where crime rates are high and public services are less than standard. Commuting becomes the only option but the rising prices of fuel and public transport it leaves many looking for other options.
In many parts of the United States, the weather can be harsh, especially in winter and in some areas the fear of hurricanes and storms can be frightening. With the cost of heating homes rising and the climate changing for the worse many older people are starting to look for a better place to spend their retirement.
Life in the States appears to be getting more dangerous with street violence and shooting now occurring on a regular basis in public places. Whereas before this was mainly restricted to the downtown areas nowadays it is happening in the more desirable areas it is becoming a big problem.
Another reason could be the emergence of Covid-19. The pandemic has increased the list of reasons for a change of country. Healthcare in America is very expensive and with so many older people at risk, the thought of retiring to a less congested location with cheaper healthcare is appealing. In one US guide, the number of people who wanted to leave the States and live in another country rose by 1,600% at the start of the pandemic.
With politics stated as another reason and the real fear of civil war became a reality after the storming of the States Capital Building after Trump’s defeat. With so many guns held in the public domain by so many unstable people, the future is beginning to look frightening.
Why The Algarve Is One Of The Favourite Destinations
In the latest Global Retirement Index Portugal is the 4th best country in the world to retire to in 2022. Moving up one place from last year is currently only behind Costa Rica, Mexico and Panama. Making Portugal the best European country for retirees in 2022.
Portugal has one the lowest levels of violence in Europe, in 2021 Portugal was ranked the 6th most peaceful country in the world.
The cost of living in the Algarve is around 30% lower than in the United States. With rentals available at half the cost of their American counterparts.
The Portuguese government has implemented measures to make the country a welcoming place for ex-pats. With several visas and incentives to attract foreigners such as the Non-Habitual Residence Status whereby new residents get 10 years of tax benefits.
With the Golden Visa which was created in 2012, it is possible to obtain a residence permit from investments in Portugal. The new Digital Nomad scheme also entices foreigners with easy access to residency.
To Conclude The Most Important Reasons
Perhaps the prime reason for relocating to the Algarve is the great weather, with over 300 days of sunshine every year and mild winters it makes an ideal place to retire.
The Algarve lifestyle is so much more relaxed and the quality of life is so much better.
Portugal is one of the most accessible countries on the European continent, where most people speak English, especially in the Algarve.
Great cuisine and excellent wines at reasonable prices are served in friendly restaurants.
Good quality affordable medical care both public and private.
If you are looking to relocate to the Algarve we at Gatehouse International Algarve can help you every step of the way. From searching for a property to buying your ideal home we are here to help. You can contact us any time with any questions you may have and we will be happy to answer.