Porto has always been considered as Portugal's second city although, in real estate terms, this situation is somewhat different. Even so, since 2015, the real estate market of this undefeated city has been growing and improving its performance in a visible way.
The diversity of options and locations, coupled with factors such as accessibility and price, are part of the reasons why this market continues to show its best in the city of Porto by attracting domestic and foreign investors to this northern city.
If you are looking to invest in our country but still do not know where to do this, then Porto can undoubtedly be your investment opportunity. Today, we will give you 5 reasons why this city is worth investing in.
1. Renovation generates investment (which generates renovation)
The historic centre of Porto has been renovated. This has clearly generated interest among international investors. As a result, investment has allowed the city to continue with its renovation projects.
This cycle means that there are more opportunities for investment in the centre of Porto and with the success of beneficial projects for those who choose this city.
2. Location options
If you are searching for a good view, a prime location or a more central area, this is a city where you will surely find what you are looking for.
To invest in the best views of the city, you should consider places like Foz do Douro or Aldoar. In the area of Leça da Palmeira you can even stay near the sea. There is also Baixa do Porto, which boasts the best old buildings that have been fully renovated. This area is ideal for those who intend to rent a property with good views to tourists.
In the case of preferring an area with a surrounding where there are services and means of accessibility (public transport, shops, school or health services), you can choose either Massarelos or Mamede de Infesta. These are the areas with many amenities within close proximity.
Finally, areas like Paranhos or Baixa will also allow you to be centrally located. This is mainly important for anyone intending to rent their property to tourists.
3. International recognition
For the past two years, the undeveloped area of the city has been growing as far as international tourism is concerned. Among the foreigners who visit the city the most are the French and Brazilians.
In 2015, this city was even awarded the Travellers' Choice Awards as Europe's Best Emerging Destination.
Photos © Airpano