LISBON Destination Investments: Where the sun shines and the living is easier

The emergence of a lifestyle-forward approach to property investment sees the rise of a new breed of destinations that combine high-quality living at a fraction of the cost.

LISBON

Destination Investments: Where the sun shines and the living is easier

The emergence of a lifestyle-forward approach to property investment sees the rise of a new breed of destinations that combine high-quality living at a fraction of the cost.

Better lifestyle in the Sunshine - Athena Journal

Over the last 10 years, experiential travel has taken over from destination-based booking as the new norm.  Speak to a specialist and they’ll plan you a trip based on the type of experience you are looking for, be it warm tropical seas or pounding surf, lilting beach vibes or wilderness adventures, rather than a specific location. What matters most is the language spoken and lifestyle accessed.

Now, it’s a trend that’s beginning to shift from travel to property, as a generation trained in the experiential start to settle down and select permanent lifestyles based on the what, rather than the where. As property prices and lifestyle costs continue to rise in global capitals like London, New York and Paris, its young professionals, not just retirees protecting their pension, who are doing the sums to find out where in the world its increasingly good business sense to build a life.

Catering to the curve, property consultancy Athena Advisers advises clients on where to invest intelligently from a lifestyle, as well as real-estate, perspective. Combining market insight with hand-picked developments across established and emerging locations, they recently launched a series of destination-based concierges to plan sourcing trips for potential clients, enabling them to connect with Athena’s unique local network and favorite insider spots. “We like people with vision, whether they’re developers or buyers.  Invest beyond your borders, that’s our mantra, and our mission is to make it easy”, explains partner Roman Carel.

The trend is beginning to shape the global second-home and expat buying market. Whilst tropical islands like Barbados and the Cayman Islands have been a traditional go-to for British expats and second-home buyers thanks to tax advantages and a familiarity with language and culture, from a financial perspective, the numbers no longer add up.  

Hard hit by the global financial crisis, property across traditional tax havens from Barbados and St Barts to the Cayman and Virgin Islands are down from between -7 to -3% over the past 3 years. Instead, young entrepreneurs are looking to emerging business hubs like Mauritius, which combine the same level of tropical lifestyle with a vibrant property market and an economy set for 5.6% GDP growth this year.  In comparison, Latin Americans who have long lusted after a life in Florida are increasingly drawn to European cities like Barcelona and Lisbon, where business is firmly on the up, their native language is spoken and their dollars go increasingly further. With recent global events causing a shift away from long-established global power-houses, savvy investors are looking ahead to the destinations emerging as the hotspots for the coming decade - desirable lifestyle destinations to invest both time and money. 

Scroll down to see where the sun shines and the living can be a lot easier

Mauritius: The Next Caribbean

Lisbon: The Next Miami

Mauritius v The Caribbean - Athena Journal
Lisbon v Miami
';