Located along the estuary of the Douro River in northern Portugal, 2 miles from the mouth of the river on the Atlantic Ocean and 175 miles north of Lisbon, it is a city with a rich history, considered the capital of the North.
For investors looking to secure a profitable investment in Europe, Portugal is leading the way with house price growth expected to increase, whilst rental demand remains strong.
As a result, Porto offers an attractive proposition for those wishing to take advantage of its balance between a dedicated business hub and a high-volume tourism area, providing a thriving opportunity for real estate investors.
Porto is an ideal way to discover the rich history of Portugal and offers a perfect insight into the natural and cultural diversity of the region. The city is known for the Port wine, shipped internationally from here, and famous for its heritage that integrates ancient churches and monuments, such as the Cathedral and the Church of São Francisco, and modern buildings, such as Casa da Música and the Serralves Museum.
Often described as having a Dickensian feel, Porto certainly carries an unrivalled atmosphere with its old, cobbled streets and fascinating building. For many visitors, the most distinctive characteristic of the city is its “faded grandeur” and impressive architecture offering a perfect blend of Baroque, Neoclassical and a touch of the Belle Epoque.
Through Porto flows the River Douro, which enters Portugal between the ravines and inland mountains and is the area where the Port and Douro wines are produced. It is also from here that the wine is sent to the lodges of Vila Nova de Gaia, as cruises cross the region up the river.
Since the Roman period, the Ribeira has been the commercial area of Porto, the shipping port that has given the city its name. Consequently, over the next 2,000 years, it grew into a significant hub for shipments from across the world.
If you are more interested in shopping, the retail heart of Porto resides east of its centre. Rua Santa Catarina is a pedestrian-friendly street stretching from Praca da Batalha to Marques de Pombal – where you can find an impressive mix of shops from big names stores to small boutiques, bakeries, cafes, and barbershops.
If Porto detains the vast majority of its reputation from tourism, it has also become increasingly popular with developers due to its low cost of living, unbeatable economy, and infrastructure. It is an attractive city that brings a lot of attention from investors around the globe, shows continued market resilience and is an excellent hotspot for real estate acquisition.
Contact us today to receive more information on investment opportunities in this unique city.
