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The Times says that residents are returning to Porto's center and praises the rehabilitation of the city
25 November 2016
The Times says that residents are returning to Porto's center and praises the rehabilitation of the city
In the article titled "Forget Lisbon. It's Chic to Buy in Porto," The Times writes that if someone wandered Porto's Downtown and its Historic Center five years ago "it may have felt as if it were in a ghost town", because street by street, "the once elegant dwellings had their facades of colored tiles, chipped and dirty and were empty and careless, with their wide roofs inhabited by pigeons", this to say that today, five years later, the reality is different and the city is regenerating itself.

According to renowned journalist Liz Rowlinson,"the Downtown's rehabilitation has already started and medieval buildings full of licensing notices are the proof that the promoters have arrived. Elegant restaurants, hipster bars and design hotels are popping up and the locals are returning to the Downtown for lunch".

The article also points out some personalities who have surrendered to the city such as Rolling Stone Ronnie Wood and actor Harrison Ford, who published photos of him last summer in Porto. And quotes investors, "Porto's Downtown is a bit like Chiado 10 years ago - it's all waiting for us," says Charles Roberts, Managing Partner of Fine & Country Portugal, who opened an office in Porto last year to deal with the demand.

So why aren't people still buying more? "You have to believe this is going to happen" says Roberts. "Buying in Downtown will mean that in less than five years it will be surrounded by houses on construction"
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