Updated: May 13, 2024

 

Porto real estate is a very hot topic at the moment, and, with more foreign interest than ever before focused on this charming city, Porto looks set to continue to increase in popularity in the future. Whether you are looking to retire, move with family, or invest, this stunning northern city of Portugal is a great place to buy.

In this article, we will delve into the property market in Porto, explore key neighborhoods to buy property, and arm you with important information to be aware of if you are considering securing property in Portugal’s second-largest city.

An Overview of Porto’s Real Estate Market

living in porto as a us citizen

Porto has cemented itself as one of the best cities to buy Portugal real estate and can now rival Lisbon in the south as the most captivating city in the country.

Porto has registered a steep growth rate in recent years, highlighting the increasing popularity of the city. This is the result of a combination of factors, including expats seeking a higher quality of life and attractive residency options, such as the Golden Visa and D7 Visa. In particular, young professionals and remote workers have been flocking to the city in recent years, with one of the key selling points being that property prices are more affordable than in Lisbon.

From families looking to relocate to the coast, digital nomads securing the perfect base to work from, or investors looking to make the most of the investment potential of the city, Porto holds all the cards.

The current state of the real estate market in Porto, Portugal

The real estate market in Porto has flourished in recent years, positioning itself as a formidable investment destination. In fact, in 2023, Portugal’s second-largest city surpassed Lisbon in terms of yields, further solidifying its status as an attractive investment hub. Yields in Porto stood at 5.6 against Lisbon’s 5,2 percent.

Is now a good time to invest in Porto real estate?

In short, yes. Now is a very good time to invest and find properties for sale in Porto because of the increase in prices that looks set to continue to rise in an upward trend. The city is also considered a seller’s market at the moment, so if you manage to secure a good deal, then you could aim to close it as quickly as possible and then resell it at a later date to secure a nice return on your investment.

Key property trends in Porto

Porto proves to be an excellent option for property investment, particularly for long-term rentals, thanks to its appeal to digital nomads, young professionals, and students. Opting for long-term rentals offers the advantage of minimal tenant turnover, reducing the need for hands-on management. However, if you prefer short-term rentals, Porto’s thriving tourism scene ensures high demand, allowing you to lease your property for most of the year.

Property Prices in Porto

When we look at the average asking prices of property in recent years, Porto City has registered a huge increase, surging from €2,172 per square meter in 2017 to €4,296 in 2023. However, if you look at the municipality of Porto, prices in 2023 stood at €3,291, indicating the difference between buying in the city itself and in other areas in the municipality.

In the map of Porto, you can see property prices across the city’s different neighborhoods.

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Investment Opportunities: Real Estate in Porto, Portugal

If you want to invest in Portugal, then you’ll find that the Porto real estate market is a very good location to consider. Rental yields in Porto stood at 5.6 percent in 2023, more than in Lisbon, which stood at 5.2 percent. As an affordable city with very good infrastructure, the city has become one of the prime investment locations in Portugal, and, given the steady influx of tourists and students, this means that you’ll be able to rent out your property for much of the year. Porto, as with much of Portugal, is a very safe city, another plus if you are considering investing in Porto real estate or relocating here.

Exploring Porto Real Estate for Sale: Your City Guide

While the Portuguese real estate housing market and tourism sector tend to put Lisbon and the Algarve at the center of their efforts to represent the country, the historic center of Porto is certainly gaining traction. Many wise investors are choosing to buy property in Portugal as a way to future-proof their investment, and Porto properties provide a wide array of choices. Here, we delve into the top neighborhoods, including the advantages of each area, and provide you with Porto real estate prices.

What is it like to live in Ribeira, Miragaia, and Baixa in Porto?

One of the most popular neighborhoods in Porto is the Ribeira, an area filled with restaurants, cafés, and traditional Porto housing along the River Douro. This is usually the first stop for visitors when they reach the city.

Miragaia is a good neighborhood to feel the city’s rhythm, and Baixa is the ‘downtown’ area where visitors will find most major landmarks.

Property prices

In the historic center of Porto, which includes Ribeira, Miragaia, and Baixa, the average asking price for properties was €4,665 per square meter in 2023.

Advantages

If you prefer to purchase property in a bustling area where you can find many restaurants and shops, then Porto’s center is just right for you. It is the heart of Porto and is also on the UNESCO World Heritage List.

What is it like to invest in Cedofeita?

As a historic neighborhood in central Porto, this area surrounds the pedestrianized Rua de Cedofeita. You will find several charming Porto homes in this part of the city.

Real estate prices

In Cedofeita, in the historic center but more to the west, the average asking price for properties was €4,665 per square meter in 2023.

Advantages

Modernization has stood out in recent years as the result of an influx of urban rehabilitation projects that have added value to the surrounding urban landscape and the Porto real estate market. Cedofeita has become a particularly trendy part of the city. Cedofeita is closer to the center than Bonfim (see below) and less suitable for families. However, if you buy in Cedofeita, you’ll be rewarded with an abundance of spectacular historic buildings.

There are many excellent parts of Portugal to invest in Portuguese urban rehabilitation projects, which are usually much more affordable than buying a new build.

What is it like to invest in Boavista?

In Boavista, creatives will feel right at home. In this part of Porto, architecture, music, and art thrive, while shopping lovers will also come across boutique shops and designer stores. In this part of the city, you’ll find the Casa da Música, Porto’s crowning glory in terms of being both an architectural delight and a music sanctuary.

Property prices

In Boavista, slightly further west of Cedofeita but still in the historic center, the average asking price for properties was €4,665 per square meter in 2023.

Advantages

From excellent restaurants to boutique stores, there’s much to attract buyers to Boavista. You also have the Jardim Botânico here, perfect for a day out with the family. Boavista has some of the best condominiums in the city, with all the amenities you need. Plus, you are close to international schools and the city’s financial center. Regardless of whether you are looking to buy to move to the city with family, as a digital nomad, or if you’re looking to invest in the city, you should certainly consider this dynamic part of Porto.

Porto Real Estate in Foz do Douro

If you take a trip to the affluent suburb of Foz do Douro, the modern homes with sea views could make you think you’re in another city altogether. Foz is popular for this very reason, offering some respite from the chaos of the city. It can be a good choice for families due to enhanced parking options and more spacious properties.

Real estate prices

At an average of €5,678 per square meter, houses in the upscale Foz do Douro can fetch up to 3 million euros.

Advantages

If you are looking to buy a property in a large, spacious development and have even thought about the possibility of buying an old mansion to renovate, then Foz do Douro might be a suitable option.

If you are looking for other top waterfront properties to consider in Portugal, you may want to check out our article, Waterfront Homes in Portugal: The Best Locations.

Porto Real Estate in Bonfim and Campanhã

Bonfim and Campanhã are two parishes in downtown Porto that have reinvented themselves in recent years and are now the trendiest places to buy a property in Porto. While Campanhã may not be the best neighborhood to live in, it presents a nice investment opportunity to investors looking to secure a strong return on their investment and affordable property prices.

Property prices

The average price of a property in Bonfim is €4,404 per square meter, whereas in Campanhã, it is €3,520 per square meter. This is considered lower than the average.

Advantages

Campanhã and Bonfim are completely rehabilitated and have become the most popular territory for those who have some connection to the arts. It is also the ideal area for those looking for old houses to rehabilitate. There is a lot going on here, and there are still opportunities that are already scarce in other parts of the city. Since Bonfim is an old industrial area, it is full of factories to rehabilitate. Architects are turning industrial spaces into real works of art to live in.

Book a complimentary call to discuss your options with our team of experts today.

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Top Locations Around Porto

Many of the places to buy properties around Greater Porto are located in coastal parishes. Prices are generally more affordable when you move out of the city center, meaning that you should be able to find spacious properties at quite affordable rates.

If you would prefer to live somewhere outside of the city, there are plenty of options. Below, we’ve provided you with some information about buying in some of the best areas surrounding Porto.

What about Vila Nova de Gaia?

The other side of the Douro River makes for an attractive investment option as it is close to the city of Porto but also less expensive than the city’s downtown district. The majority of housing developments on sale in the municipality of Vila Nova de Gaia are concentrated in the union of Santa Marinha and São Pedro da Afurada and in Mafamude and Vilar do Paraiso.

Vila Nova is an exceptional place to buy, with excellent restaurants, easy access to charming beaches, and all the amenities you need. If you are looking for spacious properties, then you should certainly consider Vila Nova de Gaia real estate.

Real estate prices

The average asking price for properties in Vila Nova de Gaia stood at €2,989 per square meter but can reach up to €4,000 in more exclusive developments and apartments.

Advantages

It is close to the center of Porto but offers much more variety in terms of housing options. This side of the Douro River also boasts a top lifestyle, with several top restaurants located here, plus close proximity to stunning beaches.

What is it like to live in Vila do Conde?

Vila do Conde has been rated as one of the best areas to live in the Greater Porto region. When visiting this traditional seaside town, it’s not difficult to see why. Its distance from the city means it scores highly in terms of cleanliness and air quality as well as security. Vila do Conde can be an excellent option for families that wish to live in a calmer place while being just 30 minutes away from Porto.

Property prices

The average price of a property in Vila do Conde stood at €2,239 per square meter in 2023.

Advantages

This quiet seaside town is beautiful and peaceful and is regarded as being well connected to the city of Porto by the metro, making it a convenient place to live.

Other key areas around Porto

The north of Portugal is a rich tapestry of stunning locations. One that comes to mind is the Douro Valley, which is an excellent option for nature lovers to consider. Our article Complete Douro Real Estate Guide 2024 offers more information.

Matosinhos real estate, a city to the north west of Porto is also an incredible choice for those who want to be close to the ocean, with affordable properties available and sweeping views of the Atlantic.

Gondomar, a municipality located to the east of Porto that hugs the Douro River, is also worth considering and has experienced significant growth in recent years.

If you look further northwards, the historic city of Braga has become very popular with tech companies and remote workers. You’ll find Braga to be one of the more affordable cities in the country, with some of the best food in the country and charming cobbled streets. Braga Portugal real estate provides lots of property options, from luxury country houses to quaint townhouses. Take note that it can get colder here than in other parts of the country in the winter months. In the other direction from Porto, if you are looking for a quaint coastal town, you will find several options on the Silver Coast. Each coastal town will have its own traditions and vibe, plus you’ll be able to enjoy incredible seafood dishes and sweeping views of the Atlantic Ocean.

Check out our complete guide to buying a property in Porto

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Real Estate Porto: Property Types

Foreign buyers turning their heads towards Porto Portugal real estate will happily find that there are many property options on the table. Property types in Porto come in all shapes and sizes, whether you are looking for a modern riverside apartment, old townhouse, or family home with sweeping views of the Atlantic.

Here are just some of the property types that you can consider for Porto real estate:

Houses for sale in Porto

Explore a diverse range of Porto houses for sale, from charming traditional homes to contemporary designs. For spacious properties, consider Foz do Douro, while for more traditional homes, neighborhoods closer to the city, such as Ribeira, could be the perfect place.

Modern apartments

Discover sleek and stylish modern Porto apartments for sale featuring cutting-edge design and state-of-the-art amenities. Ideal for urban living, these residences offer a sophisticated lifestyle to buyers. Whether you are looking for a modern apartment with sweeping riverside views or something more typical close to the center, there are many options available.

Beachfront properties

If you are looking for beachfront properties, Foz do Douro or Matosinhos are excellent options. At Foz do Douro, you’ll find spacious properties, while Matosinhos is a city close to Porto. Both of these are top options for buyers, combining urban convenience with sublime views of the Atlantic.

Luxury properties in Porto

Porto has now secured a place among the top ten most sought-after cities worldwide for luxury home buyers. This inclusion underscores the attractiveness of investing in real estate within the city. The prime areas of Baixa, Boavista, and Foz do Douro emerge as the preferred choices for property acquisition in Porto, with a notable surge in demand for high-end properties over the past two years. Prospective luxury buyers can explore a diverse range of expansive and exceptional properties, whether in the heart of the city or along the scenic oceanfront.

You can find out more about the exclusive property types in Portugal in our article: What are the Main Types of Luxury Properties in Portugal?

Lifestyle in Porto

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With stunning views of the Atlantic Ocean from its central location in Northern Portugal, incredible beaches, and arguably the best food in the country, Porto has plenty to offer.

Porto’s Metropolitan Area population of about 1.3 million makes it Portugal’s second-largest city, behind Lisbon. With its historic river, long coastline, UNESCO-recognized city center, and modern airport, Porto attracts a significant amount of international investment.

This is a charming city to live in not only due to the impressive architecture and the promising real estate for sale in Porto, Portugal, but also because of the high living standards it offers. The excellent quality of life and rich culture also make the port city one of the most beautiful places in Europe. Sharing the same name as Portugal’s darling port wine, some of the country’s most outstanding wineries can be found here.

In addition, the Bolhão market in the center of the city is particularly attractive. Countless stalls, cafés, and restaurants spoil a person for choice, with regional delicacies on offer. Apart from the culinary delights, Portugal’s second-largest city also excels in sports activities. Above all, the local sandy beaches are considered a true paradise for water sports enthusiasts.

Practical Information on Porto

In this section, we’ll arm you with some practical information that you should bear in mind if considering living in Porto, from international schools to the climate.

International schools in Porto

If you are looking to start a new life in Portugal, there are a number of international schools to choose from in Porto. The Oporto British school is one of the oldest British schools in continental Europe.  There is also CLIP – The Oporto International School, the Luso-French College, the Lycee Francais International de Porto, and the German School of Porto.

Transport in Porto

Porto has one international airport, the Francisco Sá Carneiro Airport, with frequent non-stop flights to both continental and international destinations.

Within the city, Porto has an extensive public transportation network. The metro system has six different lines that span a large distance to the east and west of the city, as well as south of the river to Gaia and north to Vila do Conde and the airport.

real estate azoresTourism in Porto

Tourism in Porto has been increasing over the past few years, and it’s easy to see why. Porto can definitely give Lisbon a run for its money with its charm, good food, fine wine, and affordability. With many cultural events going on throughout the year, Porto is the perfect city for a weekend break – or longer.

GC-ICON-78Festivals in Porto

June springs to mind when thinking about the busiest times of the year in Portugal. This is when much of the country celebrates the São João Festival, which involves eating sardines, dancing, merry drinking, and, basically, partying until the sun comes up. On 23 June, the São João festival takes place. This is when the residents of Porto celebrate by eating grilled sardines and releasing candle-lit lanterns into the sky. Strangely, a tradition of this festival is to hit each other on the head with plastic hammers.

GC-ICON-22Climate in Porto

In the north of Portugal, Porto is located directly around the Douro River by the Atlantic Ocean. It has a maritime, subtropical climate. The summer in Porto is pleasantly warm, and the winter is relatively mild. The city has an average high of 20 Degrees C (68  Degrees F) and an average low of 11 Degrees C (52 Degrees F). In the summer months, the city experiences lovely sunny days, during which you can head to the beach and make the most of the gardens in the city. Freezing temperatures are almost never recorded, and snowfall is just as rare. Although it is known for being one of the rainiest cities in Portugal, it gets a lot more days of sunshine than many other European cities.

GC-ICON-76Cost of Living in Porto

Although the cost of living in Porto, Portugal, has increased over the last decade, it is relatively low compared to other EU countries. From affordable homes for sale in Porto to being able to eat at local restaurants cheaply, you will certainly save money if you choose to live in Porto. Note that this will depend significantly on your lifestyle.

Culture in Porto

The cultural quality of life makes Porto one of the most beautiful places in Portugal. Casa da Música, Serralves, vintage bookstores such as Livraria Lello (some say that it is the world’s most beautiful bookshop), and comfy cafes around the river make Porto a romantic and unique city for intellectuals and creatives.

Restaurants in Porto

As with Lisbon, the restaurant scene in Porto has exploded in recent years. You’ll find traditional family-owned eateries but also international cuisines and innovative restaurants that are embracing trying something new. For those special evenings, there are also many luxury restaurants and four Michelin-starred restaurants for you to visit. For local food, check out Brasão, while for a more upmarket restaurant, you should consider paying Casa de Chá a visit.

Why Invest in Porto’s Portugal Real Estate

Given the high demand for property in Porto as a result of housing shortages, any real estate asset is highly valued. If you are considering investing in the city, this is an intelligent option, given the potential for long-term and short-term rentals. Even if you are looking to buy property to relocate, there is the potential for strong capital appreciation in the future should you consider selling.

The future of Porto’s real estate market

While predicting the future, there are always uncertainties that we need to take into account, such as economic fluctuations. However, with this said, we can anticipate a continued surge in property values throughout 2024 in Porto, driven by strong demand and the city’s limited property supply. The city’s continued appeal to buyers from all walks of life, from retirees  and digital nomads to students and investors, ensures that property prices will not slow down in the coming years.

Making your Porto real estate investment a reality

Now that you are a little more clued up on Porto’s property market and what is on offer, the next step is to determine how you want to proceed with your purchase. After you have defined your budget and particular neighborhoods that you may consider buying in, you’ll want to work with an experienced property expert, such as a buyer’s agent, to streamline your process, saving you time, hassle, and money. This is where Goldcrest comes in.

Whether you are looking for a Porto apartment for sale or a luxury home in Vila Nova de Gaia, Goldcrest is here to help you uncover your dream property. We can also help you through the negotiation stage, ensuring that the prices are guaranteed to be accurate. As an independent local’s buyer’s agent, Goldcrest helps international families acquire sound property investments in their desired locations in Portugal.

We can help you discover the best places to find your dream home. If you are not sure whether to buy property in Lisbon or Porto or you cannot choose between securing a house in Portugal or Spain, for example, we’ll be able to discuss your needs to see which is better for you.

Contact the team to access exclusive information on Portugal’s property market and find out how much you can save on your international investment. You can get in touch with us by email, phone, or text message via WhatsApp and book a call to discuss your needs.

Frequently Asked Questions about Porto Real Estate

According to many reports, Porto is at the start of a real estate boom. With big growth in the industrial and tech sectors in the city, as well as an increase in tourists visiting via the international Francisco Sá Carneiro Airport and public spending, there is all the reason to believe that the price of a property in Porto will continue to rise. You will find many types of property in Porto, including many fabulous luxury homes. It is expected that in the coming years, the price of a property in Porto will increase considerably.

If you buy outside the center, you will also find cheap houses for sale in Porto, Portugal, particularly if you look for properties away from the coast.

Rent prices in Porto are considerably more affordable than they are in Lisbon and other cities in Northern Portugal. Naturally, the rent prices you pay will depend on factors like the location, size, and quality of the property you choose to rent or purchase for rental income if you are interested in Porto Portugal real estate for rent income.

Buying a house in Porto Portugal to rent is an attractive option for investors. The average price for property will vary depending on where you buy, with central locations usually costing more.

With this said, Porto can be a lucrative place to buy property, given that property prices are more affordable than in Lisbon, and rental yields stood at 5.2 percent in 2023. Ballpark rental prices will vary greatly depending on the part of the city in which you buy property to rent. Regarding options for housing in Porto, Portugal, you can determine whether you would prefer to buy an apartment to rent out, which may be better suited to students or young professionals, or a house, which could be an option if you want to rent it out to families looking to relocate.

To get an overview of the property market, you can check popular sites such as Idealista and Imovirtual. You can set up email alerts to receive email notifications on properties that meet your requirements straight to your mailbox.

Bear in mind that the property market in Portugal is fragmented – for example, there is no Zillow Portugal, and there is no one place to find property. Checking real estate websites and setting up email alerts can only get you so far, giving you a taste of what is out there.

A good way to find a property in Portugal, going beyond setting up email alerts on property listing websites, is through working with a buyer’s agent, such as Goldcrest. We have access to properties that are not available elsewhere. Our focus is solely on the buyer, assisting them in securing their dream property at the best possible price.

You will also find stunning luxury Porto homes for sale in and around the city. If you are thinking about buying luxury homes here, the prices will be higher, but compared to other Western European cities, you should find luxury homes to be quite reasonably priced. You can easily get an idea of the types of luxury homes online before working with a buyer’s agent to focus your search on properties that meet your requirements.

A buyer’s agent works exclusively for the buyer, helping them buy a property and making the buying process as stress-free as possible. They will also help guide you through the negotiation phase, ensuring the price you are given is guaranteed to be accurate. The real estate agent works for the seller, helping them sell their property for the best price possible, meaning that there is a conflict of interest. When making a foreign investment in Porto properties, we recommend working with real estate professionals who are deemed reliable.

Many expats who live in Porto stay in the central districts of the city, although those who prefer to be by the beach live in areas such as Foz do Douro.

If you are looking for beach houses for sale in Porto, Portugal, Foz do Douro is a top location to consider, as is Vila Nova de Gaia for more affordable properties. You can enjoy stunning views of the Atlantic Ocean.

Porto neighborhoods will each have their own price range. However, if you are buying real estate in Porto, you should find that real estate prices for Porto homes are generally very affordable. The average property price in Porto, Portugal, in 2023 was  €4,296 per square meter in the city itself and €3,291 per square meter for Porto Municipality. Properties nearby Porto should also be considered, such as in Vila Nova de Gaia on the opposite side of the Douro River and in the northern suburbs of the city. The north of Portugal has some of the most affordable real estate in the country and, in many places, is relatively unexplored. There are many different property types, and this region could be the perfect place to find a stunning country home or large villa. If you are looking for a house for sale or a beachside villa, whatever property you are looking for, you should be able to find the perfect property in Porto.

You will also find amazing luxury homes in and around Porto, such as in Foz do Douro. If you are thinking about buying luxury homes here, the prices will be higher, but compared to other Western European cities, you should find luxury homes to be quite reasonably priced.

Porto property for sale will depend on which neighborhood you buy in, with properties in the center generally more expensive than in the surrounding area. One of the advantages of living in Porto, the northern capital of Portugal, is the cost of living and high quality of life. Porto is a relatively cheap city to live in when compared with other Western European cities. The average price for property will vary depending on which neighborhood you choose to buy in. In Foz do Douro and in the historic center, you will find Porto properties that come at the maximum price, but elsewhere, you will find very reasonably priced properties.

Whether you are looking to spend your weekends in the city park or by the beach, you’ll find the lifestyle in Porto to be of a very high quality.

You can be sure to live a high quality of life in Porto, which is also very affordable. Due to its relaxed pace of life, excellent food, and some of the best wines in the world, hailing from the River Douro, the city is a very good place for retirees, families, digital nomads, and students. The city boasts a lively cultural scene, with many museums, art galleries, and various events that take place throughout the year. If you like the outside, then you’ll likely make use of the many lovely parks and outdoor spaces, including the many beaches close to the city to enjoy.

Compared to other Western European cities, you will find villas for sale in Porto, Portugal, to be quite affordable.

Porto is an excellent place for property acquisition in Portugal. If you are looking to buy a house in Porto, Portugal, you’ll find that property is significantly cheaper here than in Lisbon.

The average asking property price in Porto, Portugal, in 2023 was  €4,296 per square meter in the city itself and €3,291 per square meter for Porto Municipality.

In Foz do Douro and in the center of Porto, you will find the properties that come at maximum price, but elsewhere, you will find very reasonably priced properties.

You will also come across some incredible luxury homes in this part of the country. If you are thinking about buying luxury homes here, the prices will be higher, but compared to other European cities, you should find luxury homes to be quite affordable for foreign investment.

The average asking price in Porto, Portugal, in 2023 was  €4,296 per square meter in the city itself and €3,291 per square meter for Porto Municipality.

Foreigners will face no restrictions when it comes to buying property in Porto.

Porto, Lisbon, and the Algarve region are some of the top areas where international property investors and European Union citizens purchase property in Portugal.

Each region has a great selection of property options, whether you are seeking residential properties, such as an affordable apartment or townhouse located near the ocean, or looking for something more private and upmarket, like a villa with a modern interior, multiple bedrooms, and an inviting swimming pool.

The exciting city of Baixa and the captivating charm of Alfama in Lisbon make these areas two of the best neighborhoods to consider for property purchase. In Porto, Foz Do Douro offers contemporary coastal living with the beauty of the Atlantic Sea. The Algarve is a sought-after tourist destination offering experiences at stunning resorts like Vale do Lobo. In Central Algarve, Lagos and Faro offer a balance of vibrant city and coastal living, while the bustling Albufeira and upscale Vilamoura areas attract international buyers. From the Eastern Algarve to the Western Algarve, buyers have many options to choose from.

Discover your dream property investment in Portugal with the help of our guide, What Are the Best Places to Buy Property in Portugal, compiled for your reference.

If you are considering buying property in Porto, Portugal, you can receive email alerts on properties that meet your requirements by setting up email notifications. These email alerts on Portugal Porto real estate ensure you’re promptly informed about new properties, price changes, and exclusive deals so that you can stay updated on real estate investment in Porto.

The average property price in Porto in 2023 was €4,296 per square meter in the city and €3,291 per square meter for Porto Municipality, indicating the difference between buying in the city itself and the surrounding area.

Given ever-increasing demand and limited supply, Porto real estate is a good investment. Rental yields in Porto stood at 5.2 percent in 2023, which is more than yields in Lisbon. In 2024, Porto will continue to be one of the best places to invest in real estate in Europe.

Certainly! Investing in property in Porto can be lucrative due to its growing real estate market, tourism appeal, and stable economy. With promising rental yields (currently standing at 6 percent for the Porto Metropolitan Area) and potential for capital appreciation, buying property in Porto presents a favorable investment opportunity. You will also find many different types of Porto houses, from modern apartments to mansions.

Key cultural attractions in Porto include the historic Livraria Lello, known for its stunning architecture and literary history, and the iconic Porto Cathedral, offering breathtaking views of the city. Explore Porto’s rich heritage with these must-visit attractions. Casa da Música, the heart of the music scene in Porto, with events throughout the year should also be on the radar of music lovers.