An increasing number of Americans have been flocking to Europe in recent years. Among the reasons are lower costs of living, affordable housing prices and a quieter and more relaxed lifestyle. According to a recent report drafted by Sotheby’s International Realty, a luxury real estate brand founded in 1976 which operates worldwide, France, Italy, Greece, Spain and Portugal are the top countries where international buyers tend to purchase property.
This article will discuss the differences between the American and the European housing markets and it will examine the factors that have led many Americans to relocate to Europe and to Italy in particular. As reported by the global real estate group Knight Frank, one of the world’s leading real estate consultancy firms, searches for French properties by US-based buyers increased by 27% in the first five months of 2022 compared to 2021.
