Why Over 10,000 Americans Chose Portugal as Their Second Home in 2024

Over 10,000 U.S. citizens formally acquired property in Portugal in 2024, underscoring the country's growing reputation as one of the most desirable destinations for relocation and lifestyle investment.

From entrepreneurs and remote professionals to retirees and high-net-worth individuals, Americans are selecting Portugal not simply for its climate and beauty but for its high quality of life, infrastructure, and relative stability.

Portugal’s Strong Appeal for U.S. Citizens

Portugal offers significant advantages for those relocating from the U.S. and many other countries worldwide.

Paul Stannard, chairman and founder of Portugal Pathways and the Portugal Investment Owners Club, said:

"Portugal is uniquely positioned as an ideal relocation and investment destination with its vibrant culture and growing international reputation.

“For those looking to move to Portugal, especially from the U.S., the combination of economic stability, tax incentives, and encouraging market growth projections in key sectors of its economy makes Portugal a compelling proposition."

For many, the evolution of remote work has opened new avenues and allowed for increased flexibility. Portugal stands out due to its high-speed internet, modern infrastructure, and forward-leaning visa frameworks such as the D7, D8 (Digital Nomad), and Golden Visa residency-by-investment programme.

These programmes have made it significantly easier for Americans to live and work in Portugal legally.

Financially, Portugal continues to represent excellent value. The overall cost of living remains substantially lower than in many major U.S. cities, while private healthcare is accessible and affordable.

Portugal’s public healthcare system is also highly regarded, further enhancing its appeal among retirees and families seeking long-term peace of mind.

Housing, groceries, and transportation costs remain competitive, allowing for greater lifestyle flexibility. Many new residents cite these savings as enabling improved quality of life and the freedom to travel, as well as the ability to spend more time with their family and invest more meaningfully in their personal well-being.

Portugal’s High Quality of Life

Portugal continues to score highly across international rankings for safety, healthcare, and quality of life. In coastal regions such as the Algarve or along the Silver Coast, residents enjoy over 300 days of sunshine annually, clean air, and excellent outdoor amenities.

Daily life often centres around vibrant markets, historical town centres, local cafés, and a strong sense of community.

Portugal also benefits from a relatively stable political environment compared to the U.S., where growing uncertainty is driving many Americans to look elsewhere.

Integration and Community

A key advantage for new residents is the ease of integration. English is widely spoken, particularly in urban and coastal regions, and American citizens benefit from strong support networks, both formal and informal, across the country.

Portugal offers an inclusive environment where newcomers are encouraged to participate in civic and cultural life.

Portugal Pathways can support your relocation to Portugal every step of the way, from acquiring a visa to financial planning and real estate purchases. Click here to learn more.

Strategic Relocation and Investment

Portugal remains one of the top destinations in Europe for those seeking both lifestyle and investment security. The real estate market continues to demonstrate long-term strength, particularly in prime regions such as Lisbon, Porto, and the Algarve, and, according to Capital Economics, is expected to outperform much of the Eurozone over the next four years.

Strategic investors are also leveraging opportunities in Golden Visa-approved funds and emerging sectors such as healthcare, tourism and hospitality, tech, media and international events, and renewable energy..

As of 2025, qualifying Golden Visa investment routes include contributions to investment funds, scientific research, job creation, and cultural preservation—each aligned with Portugal’s long-term economic priorities.

There are specific considerations for U.S.-connected citizens investing in Portugal's Golden Visa. Click here to learn more

Paul Stannard added:

“Portugal continues to deliver a rare combination of lifestyle, safety, and opportunity. The country offers one of the most attractive relocation environments in Europe, and we are seeing sustained interest from Americans seeking not only a new home but a long-term strategic base within the EU.”

As global mobility and investment patterns evolve, Portugal is increasingly positioned as a leading choice for those looking to secure their future in a stable and welcoming environment.

For those considering the move, now is a timely opportunity to explore Portugal’s diverse visa options, robust legal frameworks, and high standard of living. The future for American residents in Portugal looks exceptionally bright.

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To learn more about moving to Portugal, arrange a discovery call with Portugal Pathways

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About Portugal Pathways

Portugal Pathways has supported hundreds of Golden Visa residency-by-investment applications and provides expert guidance through its professional supply chain network on luxury property, wealth management, and tax optimisation, including post-NHR tax regime planning, as well as private healthcare, IFICI tax incentive applications, money transfers and bespoke relocation solutions to enhance life and investments in Portugal.

About Portugal Investment Owners Club

The Portugal Investment Owners Club, or P Club for short, is a unique investor membership community designed for discerning individuals, families, and organisations committed to exploring and capitalising on life in Portugal and enjoying money-can't-buy experiences and exclusive events.

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Disclaimer: The information on the Portugal Pathways and Portugal Investment Owners Club (P Club for short) websites and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Golden Visa investments need to be held for 6 to 7 years to allow for permanent citizenship/passport in the EU.