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How a new type of immigration is radically changing Portugal's economy.

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Manage episode 427854342 series 2780780
Content provided by Economics Explained. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Economics Explained or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this video, we explore the dramatic changes in Portugal's economy driven by the influx of digital nomads. Discover how warm sandy beaches, vibrant culture, excellent internet speeds, and affordable living costs have transformed Portugal into a top destination for remote workers from high-income countries. We delve into the benefits, like increased spending on local goods and services and investment in businesses, particularly in Lisbon, where cafes, coworking spaces, and the tourism sector thrive.

However, this boom isn't without its downsides. Rising housing prices and rent due to the demand from digital nomads are creating challenges for local residents. We examine the complex balance Portugal faces between economic growth and local affordability.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

233 episodes

Artwork
iconShare
 
Manage episode 427854342 series 2780780
Content provided by Economics Explained. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Economics Explained or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this video, we explore the dramatic changes in Portugal's economy driven by the influx of digital nomads. Discover how warm sandy beaches, vibrant culture, excellent internet speeds, and affordable living costs have transformed Portugal into a top destination for remote workers from high-income countries. We delve into the benefits, like increased spending on local goods and services and investment in businesses, particularly in Lisbon, where cafes, coworking spaces, and the tourism sector thrive.

However, this boom isn't without its downsides. Rising housing prices and rent due to the demand from digital nomads are creating challenges for local residents. We examine the complex balance Portugal faces between economic growth and local affordability.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

233 episodes

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