Why Americans Are Buying Homes Abroad

For a growing number of Americans, buying real estate overseas is no longer a far-off dream reserved for retirees or the ultra-wealthy. Today’s international buyers are professionals, families, and entrepreneurs seeking a better balance between lifestyle, investment, and long-term security. Global real estate firms such as Engel & Völkers report that lifestyle priorities—quality of life, climate, culture, and flexibility—are increasingly driving cross-border purchases.

One major motivator is lifestyle enhancement. Many Americans are drawn to destinations that offer walkable cities, vibrant local culture, and a slower pace of life. Southern Europe, for example, appeals with its emphasis on outdoor living, food culture, and community connection. Coastal regions in Portugal, Spain, and Italy consistently attract U.S. buyers who want more than just a home—they want an experience.

Remote work has also changed the equation. With location no longer tied to employment, buyers are free to choose where they live based on personal fulfillment rather than commute time. Engel & Völkers has noted a steady increase in international buyers who divide their time between countries, using second homes as seasonal or semi-permanent residences rather than occasional vacation properties.

Cost considerations play a role as well. In some international markets, buyers find greater value per square foot, newer construction, or architectural character that would be cost-prohibitive in major U.S. cities. While price should never be the only factor, the perception of “value for lifestyle” is a powerful driver.

Another important factor is long-term planning. Some Americans purchase abroad with future retirement in mind, locking in a home years before they plan to relocate. Others see international real estate as a diversification strategy—holding assets in different currencies and markets as a hedge against domestic volatility.

Finally, there is an emotional component. Many buyers feel a deep personal connection to a country through heritage, travel experiences, or personal relationships. That emotional tie often transforms curiosity into commitment.

As Engel & Völkers’ global market insights consistently show, international real estate is no longer just about investment performance. It is about aligning where you live—or plan to live—with how you want your life to feel.

Curious about living abroad? Let us introduce you to Engel & Völkers' global network of Advisors, operating in more than 1,000 shops in more than 35 countries across five continents. Contact us.