Porto, or Oporto as its sometimes referred to, is the lesser known Portuguese city, recently voted one of the best sites to invest in 2020, according to Forbes.
As a property investment destination, Porto is becoming increasingly popular, offering prime property. originally famous for its production of Port wine, has become one of Portugal’s most sought after touristic destinations, consequently attracting a large proportion of Golden Visa buyers looking for promising returns.
A working Port, this picturesque city is located on the banks of the Douro river, and offers some stunning waterside properties mixed amongst the cobbled streets and historical baroque architecture. The “Cidade Invicta” (unvanquished city) is rich in history, culture, gastronomy and natural beauty. Its centre, known as the Ribeira, is a Unesco world heritage site.
Porto has 301 foreign multinational companies and 872 corporates in the city’s Metropolitan Area alone with an increasing number of large corporations across various industry sectors investing in real estate developments.
Some of the well-known international brands that have chosen to set up business units in Porto over the years include Adidas, Microsoft, IBM and Bosch.
In urban development, the new transport interchange Intermodal Terminal Campanhã (ITC) started in 2018 and the €6.36 million the bus terminal project “hidden” by a new urban, green park that will link the eastern part of Porto with the railway station are two key projects.
With its booming economy, rich cultural legacy; safe, affordable and vibrant lifestyle, it is not surprising that Porto,
As an alternative destination to Lisbon, Porto stands strong. International investors can purchase in Porto and benefit from the country’s beneficial tax regime, and most importantly, the Golden Visa program, which allows investors to acquire residency and EU access.
Best European destination 2017
Top city to invest in 2020(Forbes)
30% more affordable than Lisbon
High rental yields
Strong capital growth potential