18 units exclusive to IP Global
Our second Porto development Litoral Living is located within the southern part of the Matosinhos neighbourhood. It is the perfect property investment for those looking to benefit from Porto’s affordable property prices, strong economy and increasing population.
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 tech-savvy population.
Porto has increased its profile in recent years, seeing a 300% increase in jobs created by foreign investors between 2013- 2016. Amazon has subsequently announced it is negotiating to buy property in the city to open a new European base.
3.28% nominal GDP growth in 2019
1,313,000 inhabitants, forecast to grow by 5% to 2035
39% of Portuguese exports produced in the regio
7.46% unemployment rate recorded in 2019 -a drop from 19.03% in 2013
The city boasts a strong entrepreneurial spirit, shown by it being ranked as Europe’s most start-up friendly city in 2018. Apart from Amazon, Farfetch, BLIP and Talkdesk all investing in the city, Porto is cementing its position as an attractive technology hub.
Whilst Lisbon has been at the forefront of Portugal’s property story, demand has also steadily increased in Porto. The Porto region accounts for approximately 30% of all real estate transactions in Portugal, with the number of property transactions increasing 18.4% between Q3 2017 and Q3 2018.
| Region | Mortgage Rates (Up to) | Acquision Costs (Estimated) |
|---|---|---|
| London | 75% | 5.0% |
| Manchester | 75% | 5.0% |
| Berlin | 60% | 7.5% |
| Melbourne | 80% | 4.0% |
| Brisbane | 80% | 4.0% |
| New York | 55% | 6.0% |
| Chicago | 55% | 6.0% |
| Miami | 55% | 6.0% |
| Tokyo | 70% | 5.0% |
*Prices and details are correct at the time of going to press. Readers are advised to make their own enquiries to verify such information.
© 2024 IP Global
Book A Consultation
If you would like to explore working with us, book a free consultation with one of our experts today.
DOWNLOAD OUR INVESTMENT GUIDE
CONTACT US
Getting in touch with us is easy. Leave your details and we’ll reach out shortly.
