NurPhoto/Getty Images
To be considered in the Index, these locations must be in countries that offer a digital nomad visa or equivalent — temporary residence permits for remote workers — or be part of a “large economic bloc that allows free movement of people for living or work,” Savills said. This means that certain locations are only an option for those who have the right to live and work there.
They are then measured on five overarching metrics: internet speed, quality of life, climate, air connectivity to other countries, and quality rental stock.
Quality of lifestyle and prime residential offerings are particularly strong considerations, the spokesperson added.
Savills’ top 10 most popular destinations for executive nomads:
- Dubai, UAE
- Abu Dhabi, UAE
- Málaga, Spain
- Miami, USA
- Lisbon, Portugal
- Barcelona, Spain
- Palma, Spain
- Barbados
- Algarve, Portugal
- Saint Lucia
Thailand and South America are popular destinations for younger, more mobile digital nomads. However, executives are more likely to be older and have families, Savills said. That means quality of life, safe neighborhoods, and access to good healthcare and education are higher priorities.
Another benefit of remote work for the C-suite is avoiding higher taxes.
In London, new plans pitched by the recently elected Labour Party to increase taxes on some bonuses have led to estimates that the UK will lose 9,500 millionaires in 2024. The policy is driving up interest in cities like Dubai and Milan, Business Insider previously reported.