With Portugal now offering Golden Visas to foreign investors who buy properties worth at least €500,000, it’s a good idea to look outside of the Algarve. Why not Porto? Thanks to revitalised tourist interest, Porto has seen a resurgence as a desirable area for investors and second home owners.
With classic Portuguese architecture as well as sophisticated new developments, Porto is ideally placed at the mouth of the Douro River. Due to being far north of the Algarve, Porto is logistically easier to reach by rail, without being required to step anywhere near Faro airport.
With its ever-improving status and renewed buying activity, property prices in Porto are therefore rising. This means that now is a great time to purchase a property here, leverage the advantages that the Golden Visa affords and watch your asset increase in value. Have a look at the gallery below for a range of quality properties in a promising location:
1. Santo Tirso, Porto – 4 Bed House
Asking Price: From €662,000
Brand new house in a luxury residential complex. It comes with a private pool, garden with wooden deck and large terraces with spectacular views. Surrounded by a modern golf course and extensive park areas.
2. Povoa de Varzim, Porto – 5 Bed Villa
Asking Price: €650,000
This house is located minutes from the center of Povoa de Varzim. Surrounded by a fantastic garden, with swimming pool and a playground area, allowing you to enjoy all the comfort and maximum privacy of outer space.
3. Vila Nova de Gaia, Porto – 6 Bed Apartment
Asking Price: €990,000
A large apartment inside a magnificent house, which has been restored inside and out to the highest standard. The adjacent beaches are considered to be some of the finest on the west coast. It is located five minutes from the beach, the Miramar Golf Club and 20 minutes away from Francisco Sa Carneiro International Airport.
4. Vila do Conde, Porto – 7 Bed House
Asking Price: From €390,000
A traditional house of the 20th century, rendered in characteristic materials of the time. Facing the garden, the house gets excellent sun exposure. Located in a rural, agricultural area, this house benefits from a wonderfully tranquil setting.
5. Foz do Douro, Porto – 9 Bed House
Asking Price: From €2,400,000
An elegant period house near the river mouth. A fantastically spacious town house, distributed over two conjoined turrets. Also features an ornate garden with period styling.