Where millionaires are moving in Europe — and where they're leaving?

Wealthy migrants are turning away from Europe's old favourites, the UK, France and Germany.

A fresh study of high-net-worth migration conducted by Henley & Partners, a global investment migration consultancy that specialises in residence and citizenship planning, points to a widening divide across Europe.

A handful of countries are cementing their appeal to globally mobile wealth, while some of the continent's largest economies face mounting pressure in retaining their affluent residents.

The Henley Private Wealth Migration Report 2026, published this week, breaks with its previous format. Rather than counting how many millionaires move, it ranks countries using a Wealth Mobility Competitiveness Score out of 100.

The higher the score, the more attractive a country is judged to be for wealth mobility, with the figure built from factors such as tax treatment, rule of law, quality of life and political stability.