Rua do Almada Porto, Portugal

  • Availability: 1 - 2 beds
  • Price: From €350,000
  • Estimated Completion: Q4 2022
  • Tenure: Freehold
  • Rental Yield: 6%

Why Porto?

  • Porto is home to 2.3 million people and accounts for just under a third of Portugal’s GVA
  • The city welcomes record-high numbers of 1.6 million international tourists every year
  • Year on Year Price Growth of 17.2pc (INE - Portugal Institute of Statistics, July 2022)
  • Rental demand in Porto has increased 25pc since Jan 2022
  • Prices in Porto up to 30pc lower than Lisbon
  • 3rd in the Financial Times' “European Cities and Regions of the Future" 2022/23

Prime city centre apartments in the heart of Porto – only €350,000.

 

Located in the centre of Porto, Rua do Almada was designed by “Spaceworkers”, an award-winning Architect Studio.

A beautiful restoration of a late 19th century building, Rua do Almada boasts modern interiors and additional construction to the rear, whilst retaining the historic charm of the area. 17 apartments are spread over 5 floors, with construction at an advanced stage and completing Q4 2022.

The development is situated in a prime central location on Rua do Almada, close to most of Porto’s major landmarks, including Rua Santa Catarina – the city’s main shopping district – and the emblematic Rua das Flores. Perfect location for short or medium/long term rentals.

The building dates back to 1860 and it’s located in the historic centre of Porto, within walking distance of both Rua dos Aliados and Rua de Santa Catarina. The project includes a thorough rehabilitation of the entire property with completely new construction on the back of the building, where you will find a common garden and living room located on the ground floor.

3 x one-bed apartments are available, and can be provided turnkey ready. Rental management and finance options are available, perfect for buyers looking for an appealing and hassle-free entry into Europe’s hottest market.

As the second largest city in Portugal, Porto is considered the capital of the north and one of the Iberian Peninsula’s major urban areas.

The development is situated in a prime central location on Rua do Almada, close to most of Porto's major landmarks, including Rua Santa Catarina – the city's main shopping district – and the emblematic Rua das Flores.


Porto

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Porto destination guide
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