If you’re thinking of moving abroad, there’s a good chance that it’ll be to one of the six countries mentioned below. These nations are immigration powerhouses and people all over the world flock to these countries. Whether motivated by the way of life or the job prospects, something that’s central to any move is where you live. Thankfully, these countries all offer thriving property markets, but how do they compare to each other? Here’s a quick rundown.
US
To state the obvious, the US is huge and this does make it difficult to narrow down in terms of choosing somewhere to live. You’ll need to compare property markets state by state as property prices can drastically vary. On the flip side, this does mean that there’s something for everyone, whether it’s a home by the beach in Florida or a penthouse in New York City.
Australia
Moving down under is common for many reasons. From the tropical climate to a thriving job market and strong education system, it’s easy to see why both families and young travellers flock to Australia. In terms of property, Sydney and Melbourne sit at the more expensive end of the spectrum while Brisbane and Perth both offer the Aussie lifestyle at a more accessible price point.
UK
The UK is an interesting one in terms of property prices. Despite being a small country, the average house price in the south is far above the average property price up north. This comes down to the draw of London, the closer you want to live to London, the more you can expect to pay!
Spain
Spain is becoming a hot spot for digital nomads, which is driving up the demand for temporary homes and rental apartments. Young people are particularly attracted to the coastal areas where they can experience hot summers and beautiful beaches, while working remotely. At the other end of the scale are retirees who are drawn to Spain for the same reasons. This dual demand makes Spain an attractive market for investors.
Portugal
Like Spain, Portugal has become extremely popular with individuals pursuing the digital nomad lifestyle making it one of the fastest growing markets in Europe. Property in major cities like Lisbon and Porto are the most expensive, with booming tourism rates driving up both price and demand. If you are looking to relocate permanently to Portugal, consider looking outside of these cities where you can still experience Portugal’s fantastic culture and relaxed way of life.
UAE
The UAE has emerged as one of the hottest places to live in the world, literally and metaphorically! Generous tax laws attract both individuals and businesses, which has led to a booming economy. As you’d expect, luxury real estate performs particularly well in places like Dubai where wealth is on display everywhere you look. The high level of disposable income however means there’s a constant demand for all types of property.
Deciding where to live when moving to a new country isn’t an easy decision. But with the help of online resources and online desktop valuations, immigrants are armed with more information than ever before which makes the decision slightly less daunting.
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