The Top Cities for Executive Nomads in 2024

In today's fast-evolving world of work, the concept of the "executive nomad" is gaining significant traction. Executive nomads are high-level professionals who have embraced the freedom to work remotely, often moving from city to city in search of the perfect blend of lifestyle, business environment, and connectivity.

The recent Savills Executive Nomad Index, part of their Impacts programme, offers a fascinating look into the best global destinations for these mobile professionals.

Understanding the Executive Nomad Index

The Savills Executive Nomad Index is more than just a list; it comprehensively analyses what makes a city or location ideal for remote work, particularly for those in executive roles. It considers several critical factors:

• Connectivity and Business Environment: Reliable internet access and abundant co-working spaces are essential. The index also evaluates the local business climate, which includes the ease of conducting business, access to talent, and professional networks.
• Quality of Life: This includes various elements such as climate, healthcare, safety, cultural offerings, and recreational activities. Executive nomads are often drawn to cities that offer a high standard of living in their professional and personal lives.
• Cost of Living and Real Estate: Affordability is key. Cities that provide a good balance between the cost of living and quality housing options are highly ranked.
• Visa Accessibility: With the rise of digital nomad visas, the ease with which executives can obtain long-term stay permits is increasingly essential. This aspect of the index recognises cities and countries that have adapted to the new norms of remote work by offering attractive visa options.

Top Cities for Executive Nomads in 2024

Based on the latest index, some of the top cities for executive nomads include:

• Lisbon, Portugal: Lisbon continues to top the charts due to its warm climate, vibrant culture, affordable cost of living, and robust digital infrastructure. The city's welcoming digital nomad visa policy makes it an easy choice for executives looking for a dynamic yet relaxed lifestyle.
• Dubai, UAE: Known for its exceptional connectivity and business-friendly environment, Dubai is a prime location for executive nomads. Dubai offers unparalleled advantages for remote professionals with world-class infrastructure, a diverse expat community, and a strategic location between Europe and Asia.
• Austin, USA: Austin is a rising star in the executive nomad world. The city's thriving tech scene, combined with a strong cultural identity and a relatively lower cost of living than other major US cities, makes it a compelling option.
• Barcelona, Spain: Barcelona appeals to executive nomads for its blend of sunny weather, vibrant lifestyle, and robust digital infrastructure. The city's recent initiatives to attract remote workers, including digital nomad visas, have bolstered its appeal.
• Bali, Indonesia: For those seeking a tropical paradise with a burgeoning digital nomad community, Bali stands out. Although it might not have the same business infrastructure as other cities, its cost of living, natural beauty, and community of like-minded professionals make it an attractive choice for executive nomads.

Why These Cities?

The common thread among these top cities is their ability to offer a unique mix of professional opportunities, quality of life, and accessibility. For executive nomads, the ideal city is one where they can thrive professionally while enjoying a fulfilling personal life.

The importance of a good work-life balance cannot be overstated, especially for those in high-pressure roles who can choose their location.

Insights and Trends

The 2024 Savills Executive Nomad Index reveals several trends that are shaping the future of work for executive nomads:

• Flexibility is Key: Executive nomads prefer to offer flexibility regarding living conditions, visa policies, and work environments. The ability to move quickly and adapt to new environments is a significant advantage.
• Health and Safety: In a post-pandemic world, health and safety have become more critical. Cities with high-quality healthcare systems and a reputation for safety are increasingly in demand.
• Climate and Environment: A pleasant climate and access to nature are becoming more critical for executive nomads. Cities that offer a good mix of urban life and outdoor activities are beautiful.

Finding Your Ideal Location as an Executive Nomad

As the world continues to adapt to the realities of remote work, the executive nomad concept will only grow in popularity. The Savills Executive Nomad Index provides a valuable tool for professionals seeking to align their career goals with their lifestyle preferences.

Whether you're drawn to the sun-soaked streets of Lisbon, the futuristic skyline of Dubai, or the creative buzz of Austin, there's a city out there that can offer the perfect blend of work and play.

The world is their office for executive nomads, and the choices are expanding. By understanding the key factors that make a city ideal for remote work, professionals can make informed decisions about where to base themselves, ensuring a fulfilling and productive career on the move.

Remember, the best city for you is one that meets your professional needs and enhances your quality of life. The world is waiting; where will you go next?

Winning CV Executive Search Team