Immigration lawyers are reporting an increase in requests for relocation following Donald Trump’s presidential victory, as Americans explore international living options. The trend has brought renewed attention to global housing markets and expat communities around the world.
“We received a flood of applications in the middle of the year, kind of a slowdown period from July to mid-October, as many were traveling over the summer and others wanted to wait to see how the election would turn out,” says Steve Corbin. , senior associate at Harvey Law Group, told Realtor.com. “Since the results we have seen a wave of questions.”
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Panama tops the list of favorite destinations for people looking to leave the US, according to an InterNations survey of 12,543 expats representing 175 nationalities cited by Realtor. The Central American country achieved an 82% satisfaction rate among expats, above the global average of 68%.
“Panama is an attractive choice for expats because of its proximity to the US and generally safe environment,” Corbin said. “However, the location must be chosen carefully. Panama City, for example, is quite safe, although the healthcare system is not as robust as in European countries.”
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Mexico ranks high for affordability and ease of cultural adjustment, with 89% of expats reporting they are satisfied with their move. The country’s appeal revolves around work-life balance: 43% of respondents are completely satisfied, compared to 25% globally.
Spain was Europe’s standout option, especially for real estate investors. “I can get you a visa for Spain within a few weeks,” says Jean-Francois Harvey, founder of Harvey Law Group. According to the report, Spain is a country where real estate is more affordable than in the US
Southeast Asian countries such as Thailand also offer notable financial benefits. “Thailand’s healthcare system is vastly superior to that of the US. No property taxes either. The quality of life is exceptional,” Aaron Henry, owner of Bangkok marketing company Foundeast.com, told Realtor.
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Current market conditions offer some unique opportunities for investment-minded expats. “The relatively weak euro against the US dollar has fueled interest in European properties,” said Lief Simon, founder of Live and Invest Overseas.
The Philippines is attracting attention because of its accessible entry requirements. Depending on age, residency requires real estate investments between $10,000 and $50,000. The country has a large community of American expats, mainly former military personnel.
The United Arab Emirates rounds out the top destinations, especially in terms of tax benefits. Although housing costs remain high, the country offers tax-free salaries in Dubai and scores well in healthcare and transport infrastructure.
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Here’s the full list, according to Realtor.com:
1.Panama
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82% expat satisfaction rate
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Low Income Requirements ($1,000/month)
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Strong English speaking community
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High marks for personal finance and security
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Excellent visa accessibility
2. Mexico
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89% expat satisfaction rate
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Strong work-life balance ratings
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Affordable housing market
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Warm climate and extensive beaches
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Remarkable because of the pension options
3. Indonesia
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84% expat satisfaction rate
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Short working week (average 38.8 hours)
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Low cost of living (4th place worldwide)
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Affordable housing options
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Strong points for local friendliness
4. Spain
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Top ranked for ease of getting settled
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Excellent healthcare (3rd place)
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Strong transportation infrastructure
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Affordable real estate options
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Fast visa processing
5. Colombia
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The second lowest cost of living in the world
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High marks for local friendliness
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Affordable housing market
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Strong expat communities
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Accessible visa requirements
6.Thailand
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Ranked 8th for personal finance
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Superior healthcare system
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No property taxes
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Strong leisure opportunities
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Hospitable locals
7. Brazil
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Affordable housing market
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Strong business opportunities
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Easy settlement process
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Extensive beach features
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Large expat communities
8. Vietnam
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First and foremost for personal finance
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High disposable incomes
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Affordable cost of living
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Growing expat communities
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Rich cultural experiences
9. Philippines
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Ranked 3rd for the ease of getting settled
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Low income requirement
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Affordable real estate market
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Large American expat population
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Investment-based residency starting at $10,000
10. United Arab Emirates
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Tax-free salaries (Dubai)
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Strong healthcare system
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Excellent transportation
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Progressive business environment
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High safety ratings
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This article Are you thinking of leaving the US after Trump’s victory? Here Are The Top Expat Destinations originally appeared on Benzinga.com
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