With one of the largest UNESCO world heritage sites and a globally recognized wine industry, Portugal’s thriving second city, Porto, houses 2.3 million people and accounts for just under a third of Portugal’s GVA.

The recent surge of investment in Porto has helped reduce the unemployment rate for the region to more than half what it was pre-2015, from 17% to 7.3%. House prices have been conversely affected, more than doubling in Porto’s historic center since 2014 (albeit from a lower base).

Despite the global pandemic in 2020, the fundamental market trends in this region make for a compelling real estate investment case showing high capital growth prospects.