Porto property prices rise at rapid rate...
Values in the Portuguese city have been increasing between 15-20% per year. source - Financial Times UK
Porto or Oporto is located at the mouth of the river Douro on the western coast of Portugal.
It is the second largest city after Lisbon and has a wealth of history and architecture.
It is served by national motorways and an international airport (20 minutes).
It has a population of 2.4 million with an additional 1.6 million tourists visiting the area each year.
Porto is probably best known for its historic wineries, some over 250 years old and many founded and owned by English families.
A must do for visitors to Porto is a boat trip along the river Douro and a tour & tasting at one of the riverside wineries.
Porto’s historic center is certainly the most picturesque part of the city, with winding cobblestone streets that lead down to the river. But is it the best neighborhood in Porto to live and to buy property? That depends entirely on what you are looking for.
Here are the local neighbourhoods and what they are known for;
Ribeira, Miragaia, and Baixa - Historic, central & lively
Cedofeita and Boavista - Cultural, historic & central
Foz do Douro - Upmarket, beachfront & modern
Bonfim and Campanhã - inexpensive & fastest growing
Vila Nova de Gaia - Beachfront, centre & varied options
Vila do Conde (north of Porto) - Quiet & historic
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