Kyero, a leading international property portal, has reported a sharp rise in interest from American buyers across its European markets following the 2024 U.S. presidential election, with Portugal emerging as a clear favourite.
Americans explore European real estate
The portal’s data reveals a significant post-election surge in U.S. user activity, driven by political and economic uncertainty in the United States.
A Kyero spokesperson commented: “The results of the 2024 election seem to have motivated many Americans to explore real estate options outside the U.S. Our platform has seen a noticeable uptick in interest from U.S. buyers and investors looking for properties in Europe since November 5th, with Portugal standing out as a particularly popular destination.”
Dramatic growth in searches
In the five days following the election, Kyero recorded a substantial increase in U.S. interest across its key European markets:
- Portugal: A remarkable 138% surge in user sessions from U.S. buyers.
- Spain: A 55% increase in U.S. sessions exploring Spanish listings.
- Italy: An 88% rise in sessions from the U.S. to Italian properties.
- France: A 67% jump in searches by U.S. users.
- Overall: A 57.9% increase in user sessions across Spain, Portugal, France, and Italy.
Why Americans are turning to Europe
Kyero attributes the trend to a combination of factors, including:
- Political Polarisation: A growing divide in U.S. politics has prompted many Americans to consider relocating.
- Economic Concerns: Uncertainty surrounding inflation, interest rates, and fiscal policies has made stable international investments appealing.
- Lifestyle Appeal: Europe offers cultural richness, affordability, and a higher quality of life, particularly in countries like Portugal, where tax incentives and the Golden Visa programme remain strong attractions.
Portugal: the standout destination
Portugal’s popularity with American buyers has surged, with its Golden Visa scheme, warm climate, and relatively low cost of living making it a top choice. Coastal cities like Lisbon, Porto, and Faro, as well as picturesque rural areas, are attracting those looking for a mix of investment potential and lifestyle benefits.
A sustained trend?
With U.S. political and economic uncertainty unlikely to dissipate, Kyero expects this trend to continue. The growing interest from U.S. buyers could bring new opportunities for European property markets, boosting demand for high-value investments and residential properties.
For investors and expatriates, the post-election landscape may be the perfect moment to capitalise on this shift toward European real estate.