Seeking Cheaper Housing, Americans Are Moving to EuropeThe expat lifestyle is becoming more than a TikTok trend.

ByGabrielle Bienasz

Opinions expressed by Entrepreneur contributors are their own.

Americans are relocating to Europe in greater numbers than in years past,Bloomberg reportedThursday.

With thedollar strong against the Euro, an intense housing market, and a tumultuous political environment, U.S. residents are moving to France, Spain, and Portugal, the story added.

One woman, Stephanie Synclair,told the outletshe struggled to afford to buy a home in Atlanta, even with $300,000 in cash in her pocket — so, instead, she bought two homes in Italy and a storefront, for 60,000 Euros in April.

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

There's data to back it up. Sotheby's International Realty told Bloomberg that American inquiries about moving to Greece are up by 40% compared to April-June 2021 — and that Americans contributed 12% of their Italy-based revenue in Q1 2022. Last year, that number was 5%.

Moving abroad can be tricky, but in some ways, it's gotten easier in the remote work era. Countries like Iceland, Portugal, and Antigua, for example, will let workers live there for one or even two years, pending approval from various programsaccording to Insider.

You can also buy a 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 unsettled in the U.S., Murat Coskun, managing partner of Get Golden Visa, toldFortune.

OnTikTok, inspired issues likegun violenceandhealthcare accessare discussed widely on tags like "expat," and havebillions of views.

There's also awealth of advice out therefor entrepreneurs who seek to move abroad.

Jamie Dixon, remote worker and mom of one, told Bloomberg that part of the reason she moved to Portugal with her family last year was because of anxiety over crime and politics.

"Violence has gone up so much in the US," she told the outlet. "I wanted to give my kid a normal childhood.

Wavy Line
Gabrielle Bienasz is a staff writer at Entrepreneur. She previously worked at Insider and Inc. Magazine.

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