Investing in Porto means making a safe and profitable investment. In the beginning of the decade, the Invicta city became a center for real estate investments, a profitable business in which money generates more money. And according to Forbes, Porto has been elected as one of the Best European Cities to Invest in for 2020.
Between 2000 and 2016, over one billion euros were invested in real estate in Great Porto. Profits compete with other major cities of the Iberian Peninsula, such as Lisbon, Madrid and Barcelona.
According to a study from Cushman & Wakefield, the most profitable investments are for commerce, services, offices, local tourist accommodation, as well as for hotels and student residences.
Another factor that invites us to invest in Porto is the value practiced in the rental market. The rents practiced in Porto are lower than those required in other Iberian cities. We believe that this quality-price factor makes Porto a unique destination for real estate investment.
In 2016, 513 properties were transacted in the Historic Centre of Porto, for a total value of 154 million euros. According to Confidencial Imobiliário (Ci), real estate investment increased by 64% over the previous year, and the price of houses by 12.9%.
Porto is well linked as one of Europe’s oldest cities. The region has a 36km metro network and an airport providing continental and intercontinental flights and high-speed trains linking Porto with Lisbon.
Living costs, social environment, and a warm mediterranean climate lure entrepreneurs and buyers from around the world. With a diverse cultural bid, Porto is considered a safe and welcoming destination.
The increasing of international tourists in low and high season in recent years has led to Porto’s booming economy. In Porto, international tourists assemble to explore the rich historic centre of the city, cultural offerings and lively atmosphere, which granted the city the European Best Destination Award three times.
Latterly, Porto has benefited from major urban development and rehabilitation. Between 2014 and 2018, one million square meters of real estate projects were approved and licensed in the city. The Porto City Council has played an active role in creating new initiatives, such as designating new urban renewal areas (URA’s), which could benefit from tax benefits. While subject to some variations, foreign direct investment in northern Portugal has consistently grown at an average annual pace of 9.1% over the past 10 years (11.4% over the last 5 years). This increase is higher than the one seen throughout the country (6.6%) as well as in the member states of the EU (5.3%).
Last year Lisbon was the elected by Forbes. However, with significant growth throughout 2019, it is estimated that good house business is harder to come by. The next best place to invest is in Porto, where house prices are still 30% lower than in Lisbon (despite a 15% increase in sales).
The magazine also writes that Portugal has benefited from programs such as the golden visa, for becoming an attractive country for investors.
About Portugal Homes
PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden Visa, NHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.
Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.
É fantástico como o Ryan tinha um conhecimento completo sobre Lisboa e nos tratou da melhor maneira.Akbar Ali - Investidor do Paquistão
Ryan é muito profissional, mas também amigável e conhecedor do mercado Golden Visa. Também se mostrou flexível, pois, com um curto aviso prévio, viajou do Algarve para me se reunir comigo em Lisboa e substituir 1 colega.Investir do Reino Unido
A Portugal Homes fez um excelente trabalho mantendo-me atualizado sobre o progresso da compra da minha nova casa, fornecendo relatórios regulares e abrangentes. Isto ajudou-me a aliviar a ansiedade sobre a compra de uma casa durante a pandemia.Investidor dos EUA
Embora através do Zoom, estabelecemos uma grande confiança na integridade do George. [Foi] importante para nós ter confiança na capacidade do staff em se sentir alinhados em visões.Donald Collie de Austrália
O processo foi bastante rápido e claro. Obtive toda a informação que precisava na primeira hora de conversa. A experiência foi perfeita.Tomoko Inoue do Japão
Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!John Mulroe and Wiebke Bock