Lisbon has risen in the ranking of the best cities to live and work, overtaking both Madrid and London. Portugal’s capital is in 37th place in the cities offering the best quality of life in 2019 and the 31st safest city in the world according to an annual study by Mercer. According to the consultancy, Lisbon climbed one position in the cities list and is in front of cities like Madrid (46th), Barcelona (43rd), Paris (39th), London (41st) and New York (44th).
Regarding its position in the ranking on safety and security, this year Lisbon was in 31st place, “climbing 12 places compared to 2005” when it stood in 43rd position. At the top of the list of 231 cities is Vienna, with the best quality of life worldwide for the 10th consecutive year, followed by Zurich (2nd place) and Auckland, Munich and Vancouver occupy the 3rd place’. Auckland is the most well-ranked city in Oceania, Vancouver is the highest ranked city in North America and Montevideo (78th) in South America. Singapore (25th) and Porto Luís (83rd) are the best-ranked cities in Asia and Africa, respectively. Baghdad is in the last position, although there have been “significant improvements associated with health and safety services”. In the list of cities with lower quality of life are Sana (Yemen) and Bangui (Central African Republic).
This year, Mercer presents a separate personal security ranking, “which looks at inner-city stability, crime rates, law enforcement, limitations on individual freedom, relations with other countries and freedom of the press.” In this list, Western Europe dominates, with the city of Luxembourg at the top, followed by Basel and Bern (in Switzerland) both in second place, Helsinki (Finland) and Zurich (Switzerland). Sana (229), Bangui (230) and Damascus (231) are the most insecure cities, according to this analysis.
Mercer’s 21st Quality of Living annual study shows that “many cities around the world still offer attractive environments for doing business,” and “the best-ranked cities are those that have realized that quality of life is an essential component of business attractiveness and mobility of talent.” However, the consultant reveals, “trade tensions and populist trends continue to dominate the global political and economic climate.”
“The combination of tight monetary policy and the imminent volatility of markets means that international business is under more pressure than ever to ensure that operations abroad are successful,” he said. Mercer annually surveys more than 450 cities around the world, including 231 of these cities in this ‘ranking’.
However, a survey purporting to be from Ernst & Young on fraud and corruption which put Portugal in fifth place in a corruption league of 38 countries, surpassed only by Croatia, Kenya, Slovenia and Serbia and which has appeared in online media sources is false news! The Global Fraud Survey which questioned workers from countries in Western and Eastern Europe, the Middle East, India and Africa actually pertained to 2015. In 2015 in Portugal, 83% had said that bribery and corruption remained widespread while 61% considered that there was a distortion of company financial results as a result of corruption and only 28% believed the business ethics of their organisation were “very good.” That said, according to the business newspaper ‘negocios’, corruption costs Portugal 18.2Bn a year — more than the country’s total health budget. By the end of last year, corruption represented a massive 7.9% of GDP according to a report published by the European Parliament group Greens/Free Alliance. But Transparency International stated in 2018 that Portugal occupied the 29th place out of 180 countries in terms of corruption and was the least corrupt country in Southern Europe, ahead of Greece (59th), Spain (42nd) and Italy (54th).
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It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan
Ryan is very professional, but also friendly and knowledgeable about the Golden Visa market. He was also flexible as travelled from the Algarve to meet me in Lisbon to stand in for 1 colleague at short notice.Investor from UK
Portugal Homes did a great job keeping me up to date with progress on my new home construction purchase by providing regular and comprehensive reports. This helped to ease anxieties about doing a home purchase in the midst of a global pandemic.Investor from the USA
Although through Zoom, we established great confidence in George's integrity. [It was] important for us to have confidence in the staff's ability to feel aligned in views.Donald Collie from Australia
The process was very quick and clear. I got all the information I needed in the first hour. The experience was perfect.Tomoko Inoue from Japan
Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!John Mulroe and Wiebke Bock