Porto is transforming itself into an ideal place to live, work, and invest.
Porto has been considered a case study in creating a balanced, sustainable, connected city for the future, having been elected as European City of the Year by the 2020 Urbanism Awards.
It is no coincidence that Porto has emerged as a top Foreign Direct Investment (FDI) Destination. The growth in office buildings, residential and hotel developments have made Porto’s real estate market blossom and break records over the years. Despite the impact of the Covid-19 pandemic, takeup of office properties in Porto registered a growth of 34% from January to September 2022, while housing prices increased 24% in the first half of 2022. Porto was considered by Forbes as one of the 6 Best European Cities to Invest In For 2020 when it comes to housing investment. Student housing is another growing area, driven by the rising number of foreign students studying in the city (16% growth from 2017/18 to 2020/21). A lot of domestic and foreign investment has also gone into hotels and other tourist lodgings: 104 hotels were under licensing in Porto at the end of H1 2022.
The emergence of Porto
as a top tourist destination and a global business hub has boosted property demand
and urban regeneration in Porto, with a huge increase in the number of building
rehabilitation projects in recent years. The city has been making great
investments in urban regeneration, sustainable urban mobility, regeneration of
disadvantaged communities, and affordable housing, to improve urban quality,
sustainability, as well as social and territorial integration.
In
2021, the city centre of Porto attracted 197 M€ in real estate investment. In
the first half of 2022, new projects representing a total of 204,000 m2 of
construction were licensed.
After the successful regeneration of Porto’s historical centre, the city is now developing the eastern district, which
is a particular area of focus. The major projects being developed in the city
are bound to have a positive impact on private investment and improve the
city’s overall attractiveness.
A broad range of incentives and business support measures are available for Real estate & sustainable construction companies in Porto. Use our Incentives guide tool to learn more.
You can also contact us directly to receive tailored support for your project.
