Why Are More Americans Moving to Europe?

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Americans are moving to Europe in greater numbers than in years past, Bloomberg reported Thursday.

With the dollar strong against the euro, a tight real estate market and a tumultuous political environment, US residents are moving to France, Spain and Portugal, the story added.

One woman, Stephanie Synclair, told the outlet she was struggling to buy a house in Atlanta, even with $300,000 cash in her pocket, so instead she bought two houses in Italy and a store, for 60,000 euros in April.

“I never would have looked to buy in Italy if the US market hadn’t been so crazy,” Synclair said.

There’s data to back it up. Sotheby’s International Realty told Bloomberg that US inquiries about moving to Greece are up 40% compared to April-June 2021, with Americans contributing 12% of their income to Italy in the first quarter of 2022. Last year, this figure was 5%.

Moving abroad can be complicated, but somehow it has become easier in the age of remote work. Countries like Iceland, Portugal and Antigua, for example, will let workers live there for one or even two years, pending the approval of various programs according to Insider.

You can also buy property or invest a certain amount of money in a country to get a “golden visa”. Interest in these programs tends to increase when things are not settled in the US, Murat Coskun, managing partner of Get Golden Visa, told Fortune.

On TikTok, inspirational issues like gun violence and access to health care are widely discussed under hashtags like “expat” and have billions of views.

There is also a wealth of advice for entrepreneurs looking to move abroad.

Jamie Dixon, a telecommuter and mother of one, told Bloomberg that part of the reason she moved to Portugal with her family last year was because of anxiety about crime and politics.

“Violence has increased greatly in the United States,” he told the channel. “I wanted to give my son a normal childhood.



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