Lisbon ranked as the best place to live for an ‘executive nomad’

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Lisbon downtown

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For business executives who travel frequently and work remotely, Lisbon is the best place to live, according to Savills, a London-based property company.

The company’s latest report, the Savills Executive Nomad Index, ranks 15 popular destinations around the world based on five factors: climate, quality of life, international air travel connections, internet speed and prices. top notch rental.

Lisbon outperforms the other 14 locations cited by the real estate company due to its low levels of air pollution, good climate and international airport, according to the report released on Wednesday.

“Executives and tech entrepreneurs are also drawn to Lisbon’s burgeoning status as a tech hub,” Ricardo Garcia, head of residential at Savills Portugal, said in the report. “Property costs are low and there is a strong pool of local talent. Companies move their headquarters to Portugal. The territory is becoming more and more international.

Miami ranks second due to its warm weather and beaches, having gained popularity as a remote work destination in the United States during the pandemic. It also offers good travel connections, digital infrastructure and a strong luxury rental market, according to the report.

Third place on the list is Dubai.

“Remote working has enabled foreign business owners to make Dubai their primary hub,” said Helen Tatham, residential community sales and leasing manager at Savills Dubai, in the report.

Dubai has always been favored by British nationals for work or leisure, but its property market is also seeing strong demand from French, German, Swedish and Swiss buyers, Tatham said.

Island destinations, such as Barbados, Mauritius, Saint Lucia and the Bahamas, are also transforming into remote workplaces for business executives.

“As the workplace has evolved into a new, more flexible model, executive nomads are transforming what were once vacation home markets into year-round markets,” said Paul Tostevin, head of global research at Savills. , in the report.

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