Up and coming Porto, often unconsidered by investors who are banking on Portugal’s capital, Lisbon, sits on the Douro River, and is known in Portugal as “the second city”.
It’s now on the rise and proving to be a popular hot spot for property developers.
In terms of the short-term rental market, there’s a shortage of good short-term rental stock in Porto, so from that perspective there are some very interesting investment opportunities in terms of potential return.
Important factors like competitive costs per square metre, a strong tourism market and the governments regeneration scheme, which is focused on smartening up the parks and pavements and other common areas of the city means Porto will give you more for your money in terms of capital investment.
Porto has got a fantastic history, it’s centre was proclaimed a World heritage site by UNESCO in 1996.
A vibrant and beautiful city famed for it’s bridges and port wine and regularly included in top city destination polls should be at the forefront of investors minds.
1. Fantastic history, with its centre proclaimed a World Heritage Site by UNESCO
2. Competitive cost per square metre
3. Shortage of good short term rental stock
4. Government funding is regenerating areas of public interest
5. Strong tourism market, -a well-respected destination on many a traveller’s radar
6. Excellent transport links - international airport, metro, train, motorways, shipping port