Porto is Portugal’s hidden jewel. Still far from Lisbon’s property prices, which are 50% higher, Porto is affordable at €2,140 per square meter. To compare, Lisbon’s real estate prices are well over €3,300 per square meter.
Best Porto neighborhoods to invest in 2021
Should you buy in Porto itself, or in Vila Nova de Gaia which is on the other side of the famous Dom Luís I Bridge? If you follow property prices in Lisbon, you will know that prices have gone up on both sides of the bridges. However in Porto, the other side of the bridge, Vila Nova de Gaia, is still very cheap, at €1,500 per square meter on average. Definitely an area to consider if you want to invest in Porto. Naturally, that’s only one of the areas to consider.
If you’re buying in Porto, you might consider some of the best neighborhoods:
- Ribeira, Miragaia, and Baixa
- Cedofeita and Boavista
- Foz do Douro
- Bonfim and Campanhã
- Vila Nova de Gaia
- Vila do Conde
Foreign buyers in Porto: how to make your dream come true?
If you want to buy in Portugal, know that you’re not the only one with such a dream. Indeed, 35,000 homes were bought by foreigners last year, representing 20% of the transactions in Portugal. But if you don’t live in Porto, how can you visit properties? How can you determine which neighborhood to buy in, and which neighborhoods not to invest in? How can you enjoy the best investment opportunities, the ones you’ll never see on property portals?
This is why we have a team of 3 property finders in Porto. Our team is there to help buyers who :
- are not there physically
- don’t speak Portuguese
- don’t know the market
- need help to make their dream come true
So don’t be shy, contact us using the button below. We have helped buyers from France, United Kingdom, Brazil, Germany, Switzerland, and even South Africa. We are happy to make you profit from our experience accompanying foreign buyers to invest in Porto, while property prices are still cheap.
Porto by night – view from Vila Nova de Gaia towards Porto and the Douro River
Sources: GlobalCitizenSolutions