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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Thanks to Andrea Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
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George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE
Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.Roshana (Zulfiqar) Mian | Hong Kong
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA