9Lisbon, Portugal
Portugal has become one of the top destinations for American expats, and its capital city, Lisbon, is at the heart of this trend. Lisbon offers a high quality of life with its stunning coastal views, mild climate, and rich cultural heritage. The cost of living is relatively low compared to other European capitals, and the city is known for its friendly locals, safety, and vibrant arts scene.
From an investment perspective, Portugal has a favorable tax regime for foreign residents, including the Non-Habitual Resident (NHR) tax program, which provides significant tax benefits for a period of ten years. Real estate in Lisbon has been a particularly attractive option for investors, as the city has experienced strong growth in recent years but remains more affordable than other Western European capitals.