As the UK enters the new year, evidence suggests that relocation is no longer a niche consideration limited to the ultra wealthy, but a growing sentiment across a broad cross section of the population.
A YouGov poll commissioned by Tideway Wealth following the UK’s Autumn Budget found that more than one in 10 UK adults are now planning to move abroad. The study, which surveyed 2,178 adults, also revealed that 4% expect to leave the UK within the next five years.
The findings reflect a wider unease in the UK around rising taxes, cost of living pressures, wage stagnation and economic uncertainty. While these factors are influencing households at many levels, they are proving particularly significant for high-net-worth individuals who are increasingly reassessing where they base their families, assets and future plans.
Recent fiscal measures announced in the UK’s Autumn Budget have added further pressure, with changes affecting property, dividends and income taxation. For internationally mobile individuals, these developments have accelerated the evaluation of alternative jurisdictions that offer greater long-term clarity and stability.
According to the latest Wealth Migration Report published by advisory firm Henley and Partners, the UK is forecast to experience a net outflow of approximately 16,500 millionaires this year, more than double that of the next highest country. It marks the first time in a decade that a European country has led global wealth outflows, underlining the scale of the shift currently underway.
Commenting on the trend, Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK, said: “What we are seeing is not a short-term reaction, but a more fundamental reassessment of where people want to live, invest and plan for the future.
“The research confirms that this conversation is now widespread, and among high-net-worth individuals it is particularly pronounced. Portugal continues to attract attention because it offers stability, a clear legal framework and a quality of life that supports long term decision making.”
Moving to Portugal
As this reassessment gathers pace, Portugal has emerged as a leading destination for UK-based individuals exploring relocation. The country offers political stability, access to the European Union and a high standard of living that consistently ranks well in international quality of life and safety indices. Its healthcare system performs strongly within the EU, while ongoing investment in infrastructure and digital connectivity supports both professional and lifestyle focused moves.
Portugal also benefits from strong international transport links and a mature professional services sector that caters to international residents. Lisbon and Porto have developed into established business and investment centres, while the Algarve continues to attract families and lifestyle movers, who are supported by international schools, private healthcare and year-round connections to the UK.
For those wishing to better understand what a move to Portugal could look like in practice, the Moving to Portugal Show and Seminars will take place in London on Thursday, March 26, 2026. The event brings together trusted experts across property, tax, visas and relocation, offering practical insight and direct access to specialist advice.
Registrations are filling up, and those interested are advised to register here.
