The Portuguese capital city Lisbon has been ranked the best place to work remotely based on internet speed, quality of life, climate, air connectivity and Prime residential rents by Savills.
The city has a population of around 545,000, while it is recognised as an alpha-level global city due to its importance in finance, fashion, media, entertainment, arts, international trade, education and tourism.
According to Savills’ Executive Nomad Index 2022 Lisbon ranks particularly highly in terms of quality of life.
It’s followed by sunny Miami, which ranks extremely highly for internet speed, then Dubai, the Algarve region in southern Portugal, Barbados in the Caribbean and the Spanish City Barcelona, on the Mediterranean Coast.
All the destinations have a digital nomad visa programme, or equivalent, or in the case of the US and European countries, are part of a large economic bloc that allows free movement of people for living or work.
Barcelona, Spain, ranked in sixth place, with the city scoring highly for internet speed and air connectivity.
Mohammad Butt, Barcelona office director at Lucas Fox, said: “As the workplace has evolved post-Covid-19 to a new, more flexible hybrid-model, professionals are turning to what were previously holiday-homes markets into year-round ones.
“The modern executive nomad, a distant cousin of the freelance creative working from far flung parts of the world, now own an apartment in Barcelona, attends Zoom calls from an airy home offices, and hops on a flight back to London, for team meetings and training. Over the last 12 months, we have seen a 41% rise in professionals from London and the South East, buying properties in Barcelona.
“Tech executives and entrepreneurs are also drawn by Barcelona’s burgeoning status as a tech hub. 22@ is a neighbourhood built where innovation, creativity, design and technology have replaced the old factories as the economic driving force. There are than 1,500 companies linked to the media, IT, energy, design and scientific research. Poblenou’s industrial land was the setting for Barcelona’s industrialisation and these days it is home to a knowledge cluster.
“Real estate costs are low and there is a strong local talent pool. Companies are moving their headquarters to Barcelona including Amazon, Facebook, Microsoft specialising in the application of artificial intelligence technologies, and PepsiCo, which has installed its global digital centre in the metropolitan area of Barcelona, with a planned investment of 70 million euros. The area is becoming more and more international.
‘Barcelona offers a privileged location on the Mediterranean Coast, presiding over a rich and fertile gateway region between France and Spain. Barcelona offers them connectivity, favourable climates and a high quality of life, and just over a two-hour flight from London.
“With outstanding sights and culture, the city attracts 10 million visitors pre-Covid, making it one of the world’s top 20 tourist destinations.”