The surprising European destinations most profitable for expats – from Iceland to Poland

Boris Johnson 'needs to step up for British expats' says expert

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Popular destinations such as Spain and France are firm favourites with Britons retiring abroad. But new research from Property Guides, has uncovered some new up and coming expat destinations.

For British expats that aren’t afraid of cold weather, Iceland has emerged as a great choice of country.

The Land of Ice and Fire ranks pretty highly for quality of life. The capital city, Reykjavik, offers a buzzing cultural scene.

While prices in Iceland can be higher, basic energy utilities are some of the cheapest in Europe.

Nearly all the country’s electricity comes from geothermal or hydropower sources, bringing the cost down.

Average property prices in Reykjavik are £3,609 per square metre and there is plenty of opportunity for expats to make money from rentals.

Airbnb is buzzing in the city and the average monthly rent is £1,100 for a one bedroom flat.

Expats in Iceland can also expect to benefit from the country’s hot springs, saunas and spa treatments.

Another good but chilly choice for British expats looking to invest, was revealed to be Finland.

Rated the happiest country in the world in Gallup’s World Happiness report for four consecutive years, Finland is a great choice for expats.

Finland has fantastic universal healthcare and was named the world’s safest country in the 2017 World Economic Forum report.

The capital, Helsinki, has a very modern feel with a gourmet food court for residents to enjoy.

Investment chances in property are also good with property prices at £7,408 per square metre and around £862 per month for a one bedroom flat.

Outside of Scandanivia and an extremely cheap option for expats looking to save money, Tallinn in Estonia is a fantastic choice.

The capital’s quaint Old Town has UNESCO heritage status but the city is also known as a tech-hub with many startups based there.

According to Expatistan, Tallinn is cheaper to live in than 63 percent of cities around the world.

Average monthly rent on a one bedroom flat in the city is just £402 and amazingly public transport is free.

Bethany Hemsley, Overseas Property Expert at Property Guides, told “Tallinn is the definition of ‘up and coming’.”

Another top up and coming destination for expats was revealed as Gdansk in Poland. The port city offers elegant buildings and plenty of seafood restaurants for foodies.

An average home in Gdansk costs just £1,650 per square metre while a pint in the city is just £1.89.

Any British expats looking to work for a British company abroad could find a great deal in Gdansk due to the low cost of living.

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