The Economy of Portugal
Lisbon's Startup and Remote-Work Scene
Lisbon hosts the Web Summit and attracts digital nomads and start-ups with cheap living and good connectivity.
An unexpected tech hub.
Web Summit
One of Europe’s biggest tech conferences moved to Lisbon in 2016.
Start-ups
Companies and investors set up offices, drawn by talent and lower costs.
Digital nomads
Remote workers were attracted by visas and lifestyle.
Downside
Higher demand pushed up living costs for locals.
A co-working space
A remote worker from abroad rents a desk in Lisbon and pays local rents.
Assuming remote workers help everyone equally
Local residents face higher prices.
Key takeaways
- Lisbon hosts Web Summit.
- Start-ups arrived.
- Nomads came for visas and lifestyle.
- Costs rose.
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