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A qualified expatriate 'is attracted' to Lisbon

The Portuguese capital of Lisbon is starting to receive increasing interest from people looking to move abroad and become an expatriate.

Dan Johnson, director of TheMoveChannel.com, said: "Lisbon is a fantastic city. As European capital cities go, there are far more expensive places to buy and as a result I think we are starting to see the beginnings of interest in that area."

The Financial Times recently reported that qualified software engineers, consultants and accountants are replacing unskilled, low-cost factory hands as an attraction for foreign investors, with more money being invested in science and research than ever before.

And according to the report, for the first time in its history, Portugal is exporting more technology than it imports.

Last month, the Association of International Property Professionals revealed that more than a quarter of all foreign properties purchased by UK buyers last year were in Spain and 17 per cent were in France.

Figures show that the average amount spent by British buyers on overseas property in 2007 was £99,200, up one per cent from the previous year.

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