Lisbon best city for remote working
Lisbon tops the league table as the best place for executives to live and distance work according to a study from the real estate consultants Savills.
Portugal’s sunny climate, low cost of living, and high speed internet are the main factors that attract digital nomad executives — numbers of which have risen since the pandemic — to Lisbon.
According to the study, Miami and Dubai come in second and third place respectively, followed by the Algarve region.
“The pandemic has been a catalyst for executives to make changes to their office lives. Lisbon offers the advantages of living in a city and the benefits of being in the European Union”, says Paul Tostevin, Head of Department, World Research at Savills.
The firm’s latest report, the Savills Executive Nomad Index, ranks 15 popular destinations around the world based on five factors: climate, quality of life, connections to international air travel, internet speed, and prime rental prices.
“Tech executives and entrepreneurs are also drawn by Lisbon’s burgeoning status as a tech hub,“ Ricardo Garcia, head of residential at Savills Portugal, said in the report. “Real estate costs are low and there is a strong local talent pool. Companies are moving their headquarters to Portugal. The area is becoming more and more international.”
“As the workplace has evolved to a new, more flexible model, executive nomads are turning what were previously holiday-homes markets into year-round ones,” Paul Tostevin, head of Savills world research, said in the report.