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Our first Porto development is ideally situated to benefit from the city’s perfect storm of affordable property prices, a strong economy and an increasing population, pitted against a major housing shortage.
Property in Europe’s most creative city remains undervalued and for investors who seek to enter a market that offers strong and steady capital growth and rental yields, Alvaro is an ideal investment.
Home of one of the largest UNESCO world heritage sites and a globally recognised wine industry, Portugal’s thriving second city encompasses a unique and exciting mix of charming architecture, traditional culture and a young techsavvy population.
Porto has increased its profile in recent years, seeing a 300% increase in jobs created by foreign investors between 2013- 2016. In late 2018 Amazon announced it is negotiating to buy property in the city to open a new European base in Porto.
The city is an established hub for start-up companies from across the continent
29.4% of national GDP produced in the region
1.9 million residents
40% of Portuguese exports produced in the region
7.3% unemployment rate recorded in 2018
A flourishing technology industry has developed within Porto, as it welcomes a growing pool of talented workers and students. The city was titled Europe's 'Best Start-Up Friendly City' in 2018, with Porto filing more patents with the EU than any other Portuguese city.
The city is a leader in the creation of technological start-ups, accounting for 36% of the national total, and is also home to some of the country's leading high-tech companies.
*Prices and details are correct at the time of going to press. Readers are advised to make their own enquiries to verify such information.
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