We know that Portugal is in the spotlight when it comes to tourism and last year they earned a lot of prizes: Best European destination; Europe’s Leading Cruise Port; the Eurovision Song Contest; and they were Champions of the Euro 2017!
For sure it is a nice time to be in Portugal and international real estate buyers knows that. They are mainly buying in Lisbon, Porto and Algarve but we’ve had enough talk about Lisbon.
Let’s talk about Porto!
According to the National Institute for Statistics the prices are higher. There was an increase of 14,1% and the ones that are buying the most are the Brazilian (27%) and the French (23%).
If you think the Brazilians are going to Porto to have some sun and because of the language we should add that they are moving to Portugal also due to their country social, political, and economical instability.
The most expensive properties are located in Aldoar, Foz do Douro and Nevogilde, where the price 1801 euros/m2.
And if we talk about Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau and Vitória we find prices of 1445 euros/m2.
But if your clients are not big spenders, you should find them something amazing in Campanhã. There you will find prices of 786 euros/m2. This is quite interesting considering that Porto has an average price of 1’254 euros/m2 and that your clients still find lot’s of places to eat a delicious Francesinha don’t you think?
For more information please contact us.