Portugal woos investors and lifestyle buyers following UK General Election – Property Investor Today

New research suggests changing migration plans by some Britons since the General Election.

“As individuals relocate to other countries, their preferences are evolving beyond mere lifestyle choices” reveals Christina Hippisley, general manager of the Portuguese Chamber of Commerce in the UK. 

“Today’s movers are placing much more emphasis on getting personalised visa and financial guidance to meet their family’s specific needs. Our research shows that many movers plan to continue working for UK-based companies while securing their children’s education for the future, in the UK, Portugal and globally. As a result, potential movers are increasingly taking steps to ensure every aspect of their move is well-managed, creating future opportunities for themselves and their families.”

Since 2017, the Moving to Portugal Show and Seminars have been helping Britons to address the tax, residency, property, insurance and lifestyle considerations of moving to Portugal. To date, more than 9,000 visitors have attended the shows.

At the last show in London, which took place pre-election in March, attendees were keen to find out about residency and visas (60.4%), tax (47.7%), house prices (44.7%), the legal aspects of moving to Portugal (41.6%) and investment visas (31.6%).

Hippisley co ntinues: “In the run up to the UK budget on October 30 we’re now seeing a lot of entrepreneurs and businesspeople looking at Portugal as a relocation destination for themselves and their families.”

In recent years, Portugal has done much to court businesspeople who wish to relocate with improved internet and communications infrastructure and affordable short haul flights.

“In 2024, Portugal is seen as the ideal location for businesspeople seeking a more relaxed, warmer and welcoming environment, along with their families,” continues Christina Hippisley. “Our conversations with potential movers have shown that people are increasingly looking for larger properties to accommodate their families. Additionally, rather than just considering proximity to leisure facilities, they are now prioritizing access to international schools and healthcare clinics.”

The next Moving to Portugal Show is on October 17 and you can register online.