Londoners looking to Portugal

• 15 March, 23

Figures gathered at the October 2022 Moving to Portugal Show in London reveal that it is city living in Portugal that most appeals, with 56% of London attendees expressing an interest in life in Greater Lisbon (compared with 54% expressing interest in the Algarve and 28% in Porto and northern Portugal). That compares with pre-Covid data from the Manchester Moving to Portugal show, when the Algarve topped the list of destinations of interest (with 61% of attendees expressing interest in life in the Algarve, compared to just 42% showing interest in life in Lisbon), according to the Chamber.

“We can see that Londoners are more interested in city living when it comes to starting a new life in Portugal. There seems to be a correlation with age, as well, with younger movers seeking out city life, perhaps due to the more extensive work options that Lisbon presents – as well as its vibrant and welcoming social scene, and the quality of life that the city offers for young families,” said Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK.

Findings from the Chamber also showed that Londoners also have higher budgets when it comes to moving to Portugal and buying property there. 28% of those who attended the London Moving to Portugal show had budgets of over €500,000, compared to 21% of those who attended the last Manchester show. One reason for this is that Londoners were seeking full-time residency options in Portugal, whereas Mancunians were focused more on second homes.

Cre: Portugalnews