Portugal consistently ranks very highly in terms of quality of life. In 2017 it was ranked #1 in the world for leisure and peacefulness in a survey conducted on expats around the world. 93% of those surveyed said that they were satisfied with their quality of life. Porto in particular is frequently cited as a good place to live, due to the relaxed pace of life, fantastic food, and good wine. The city also boasts a lively cultural scene with plenty of museums and art galleries to explore, as well as beautiful parks and other outdoor spaces.
In 2022, it’s a perfectly good time to invest in Porto real estate because of the favorable hike in prices. They’re continuing to rise, and are expected to do so for the foreseeable future. Porto is also considered a seller’s market right now, so if you get a great deal you should close it as soon as possible and resell at a later date for a high property value. Real estate investments in the city are attractive for investors at the moment, as the city is in high demand.
Unfortunately, the Portugal Golden Visa no longer includes Porto for residential property investments (although it does include commercial properties). However, there are many interior areas in the surrounding areas that fit the crietria.
If you’re looking to invest in a house for rental purposes, Porto can be an excellent option considering it’s a tourist hub and has become a very lucrative property market. Renting out your property during a busy season can yield approximately 4 to 6 percent. All in all, what makes an investment in the property market in Porto so appealing is that the city is considered affordable, safe, and has excellent infrastructure. These factors make living in Porto very comfortable and attractive for tourists looking to soak up some culture and unwind in Portugal’s second-biggest city.
International schools in Porto
If you are looking to move to Porto with your family, there are a number of international schools to choose from. 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 Vila Nova de Gaia and north to Vila do Conde and the airport.
Tourism in Porto
Tourism in Porto has seen a steady increase over the past few years. It’s easy to understand why the beautiful city has such allure, with good food and fine wine available at a lower cost than many other European cities. It was named best destination by the European Best Destination award in 2012, 2014 and 2017. 2017 was the same year in which Portugal received a record 20 million visitors. According to statistics, the small northern city received more visitors in 2017 than bigger European cities such as Barcelona and Prague.
2019 is scheduled to be a record year for investment in Porto, with €293 million of public money earmarked for work on infrastructure and museums.
Restaurants in Porto
Just like Lisbon, Porto has seen a huge expansion in the restaurant industry. The city boasts many traditional options as well as inventive new gastronomic ventures. There are also four Michelin-starred restaurants in Porto.
Climate in Porto
Another of the draws of living and visiting Porto is its temperate climate. Temperatures in the winter are usually between 5 – 14 °C, and in between 14 – 25 °C degrees in the summer, although they quite frequently surpass 30 °C. Although it is known for being one of the rainiest cities in Portugal, it gets a lot more days of sunshine than many other cities in Europe, including Berlin, Paris, and London.