Best of Porto – Buying Property in Porto
While Porto hasn’t shared Lisbon’s rapid ascent as a hub for start-ups and tech firms, recent figures do show an increase in new buyer enquiries for this beautiful region as an affordable alternative to it’s sister city.
While central parts of Porto are historic, many areas are both modern and vibrant. In this regard, buying property in Porto can make for a good investment as it is a commercial hub as well as a tourist hub in Portugal. There are different types of property to choose from throughout the Porto district. For example, apartments in the Foz do Douro neighbourhood offer lovely views of the Atlantic, while Vila do Conde is an upcoming area where you can still find great bargains. Other regions have remained static in this respect, so this could mean that companies and foreign individuals are beginning to look at Porto as an alternative to Lisbon for investment opportunities.
In terms of climate, Porto may be 300 kilometres north of Lisbon and much further north than the Algarve, but the weather can still be very hot in the summer. It is mild and agreeable in the spring and autumn, while January and February still see highs of 15 and 16°C.
Sitting by the Atlantic ocean, Porto can be a rainy city, but the sunshine does manage to shine for around 7.5 hours per day throughout the year, compared to four hours a day on average in Bristol. If you are willing to compromise a little on the “guaranteed” weather of southern Portugal, you could do a lot worse than buying a property in Porto.
If you’ve yet to check it out, make sure it’s on your list. Properties are still extremely affordable compared to those in most comparable EU cities. Porto is a prime city break destination and potentially an investment opportunity for those who like the idea of renting out their property. Life in the city centre for its 220,000 population is primarily in apartments, and outside space is at a huge premium.
Porto is already something of a hub for people who live in central Portugal – especially those for whom the city’s international airport is a closer option than Lisbon. Nearby destinations to check out include Vila do Conde, a growing beach resort just 30 minutes away by car. Another, Vila Nova de Gaia, is an upscale riverside region that’s home to the famous port wine lodges and generally considered the newer part of the city. Have a look at the listings we have for the wonderful region of Porto: https://www.fineluxuryproperty.com/property-city/porto-district/