Porto
Duplex / Ref. 85136099
Porto, the enchanting northern gem of Portugal, effortlessly blends tradition, culture, and modernity. Set along the banks of the Douro River and famed for its historic Ribeira district, the city captivates visitors with its vibrant atmosphere, colorful facades, and iconic Dom Luís I Bridge. Porto is a harmonious mix of old-world charm and contemporary energy, with neighborhoods like Foz do Douro offering upscale living by the Atlantic, and Cedofeita buzzing with creativity and artisanal shops. The real estate market in Porto caters to diverse tastes, ranging from renovated townhouses in historic quarters to sleek apartments with panoramic river views. Popular among expatriates, investors, and students, Porto beckons with its rich culinary heritage, renowned wine culture, and warm, welcoming community, offering an exceptional quality of life.
Porto is preferred by many foreigners as the city that may introduce them to the property investment market. Offering a distinct mix of traditional and modern architecture, properties for sale in Porto attract investors primarily due to the lower prices. As the property market continues to grow, Porto is becoming Portugal’s touristic and commercial hub, having many incredible areas to buy property in.
The top properties for sale in Porto range from luxury villas and condos to farmhouses, townhouses, and apartments. If you want to invest in a property close to the beach with pleasant views, go for the Foz do Douro neighbourhood. There is also Baixa, where you will find fully renovated historic buildings and neighborhoods, such as Ribeira, which has a number of commercial properties available for investment. Massarelos or Mamede de Infesta are ideal if you want to invest in properties close to necessary services such as public transport, shops, or schools. For relatively cheaper prices, look into Campanhã, where Porto’s railway station and airport are located.
Houses for sale in Porto are fully renovated and most are close to public transport, educational institutes, and other amenities. These properties often feature two or more floors with an elegant entrance hall leading to the kitchen/living/dining area. Bedrooms may be equipped with built-in cupboards and central air conditioning. A front terrace and patio area provide outdoor spaces perfect for quality family time.
If you wish to buy an apartment in Porto, it is vital to know what you want. In Porto, waterfront apartments are highly sought after and are primarily available in Foz do Douro. They offer excellent security, sun exposure, detailed architecture, and proximity to the beach. Smaller apartments for real estate investment can also be found in Downtown Porto, offering a luxurious lifestyle at a lower cost.
The price range to buy an apartment in the city center is €2,000 to €3,000 per square meter, while apartments outside the center cost approximately €1,500 to €2,000 per square meter.
Apartments for sale in Porto offer residents an upscale lifestyle. From 1-bedroom studio apartments to 4-bedroom luxury apartments, there’s something for everyone. Features often include combined kitchen/living/dining areas, en-suite bathrooms, walk-in closets, and balconies overlooking stunning views. Additional features such as laundry rooms, air conditioning, and parking spaces enhance the living experience.
If you want to invest in property in Porto, now is the perfect time. Property prices in Porto are cheaper compared to Lisbon, but they are expected to rise in the future due to increased demand from foreign investors, a steady increase in tourism, and growing interest from expats who rated Portugal the best European country to live and work in 2021.
Property investment in Porto is a good idea because even with lower prices, there is no compromise on modern living or well-equipped infrastructure. Buying property here allows foreigners to gain residency through investment. As Porto continues its journey to becoming a top tourist destination and economic hub, property demand is increasing, and urbanization is thriving. International investors from China, France, and Brazil have shown significant interest in Porto for property investment.
Porto has surpassed the expectations of foreign buyers in recent years due to urban regeneration projects. Notable projects include Taramel, which features 41 serviced apartments strategically located near highways and Porto’s main avenue. Boavista Hotel is a rehabilitation project catering to business and family travelers. In the Bonfim neighborhood, Lima offers 50 upscale apartments with private parking, a gym, communal gardens, and a student lounge area. Explore the Golden Visa real estate investment program and its 2022 updates for more opportunities.
If you are looking for the perfect Porto property to invest in or have already found one, seek help from a professional real estate company. Contact us to find a property that meets your requirements. At Arcus, we provide clients with market insights and advice on making property investments in Portugal with great returns. We guide you through every step of the purchasing process, ensuring a seamless experience.
Contact us today to learn more about real estate opportunities in Porto!
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