The latest analysis from leading US real estate agency Astons, reveals that the number of US citizens choosing to leave the States is forecast to hit almost 5,000 by the end of this year, marking the highest annual total since 2020 - but is appears that Spain and the likes of Mallorca could be missing out. Spain scrapped its Golden Visa earlier this year and the government is considering slapping non-EU investors with hefty taxes.
Astons’ analysis of US Federal Register data reveals that in 2024 an estimated 4,819 US citizens chose to expatriate themselves and settle in another country. This marked an annual increase of 47.8%.
Further data shows that following this annual increase, the number of US expats has continued to increase at an incredibly sharp rate, with the first quarter of 2025 recording a rise of 102.4% compared to the final quarter of 2024.
This means that in the first three months of this year alone, an estimated 1,285 US citizens become expatriates. Based on these recent trends, Astons’ now estimates that by the end of 2025, the total number of US citizens expatriating themselves will reach 4,936 – based on the most conservative of forecasts. This will be equivalent to an annual increase of 2.4%, and mark the highest number of US citizens leaving America in a single year since 2020, the height of the pandemic.
Senior Consultant for Residency and Citizenship Programmes at Astons, Suzanna Uzakova, commented: “We’re seeing a significant shift in the mindset of affluent Americans who are no longer just looking to invest their money wisely, they’re actively seeking new homes and lifestyles beyond U.S. borders. The rising cost of living, political uncertainty, and a desire for greater personal freedoms are pushing many to explore permanent residency abroad.
“Europe is especially attractive thanks to its quality of life, healthcare, and cultural richness. Among all European destinations, Greece has emerged as a standout choice - not just for its beauty, but for its accessible Golden Visa programme, favourable tax incentives, and lifestyle that blends luxury with a much sought-after simplicity.
“The investment required to access Greece’s Golden Visa programme starts from just €250,000 provided it goes into real estate – making it one of the most affordable residency-by-investment routes in Europe. For many Americans, Greece offers the perfect balance: EU access, property investment potential, and a relaxed pace of life that feels a world away from the rush back home.”