Situated north of Portugal, along the west coast, lies the vibrant city of Porto. It is the second-largest city in Portugal following on from Lisbon and fast becoming one of Europe’s most popular cities to visit and live. The low cost of living in Porto and the Mediterranean climate are not the only key attractions for expatriates to invest in property for sale in Porto; Portugal’s Golden Visa Program is the fastest and simplest program allowing foreign investors the right to reside in the EU.
Purchasing property for sale in Porto is a sound investment in the city’s thriving economy and classified as “One of the 10 best countries to invest in” by Robert Shiller (Nobel Prize for Economy). Residency is granted to those who meet one or more specified criteria through the Golden Visa Program; one requirement option being the purchasing of real estate property to the value of 500 000 Euro or more. Porto is an investment attraction to those looking to retire as well as business minded people. Many international corporations have head offices based in the city of Porto, not forgetting the significant contribution the export of their famous port wine has to the local economy.
Located along the Douro River, Porto was proclaimed an UNESCO World Heritage site in 1996 and voted best European destination in 2014. Through regeneration in recent years Porto has experienced a considerable uplift in business and tourism, and is home to a diverse mix of nationalities of over 1.3million inhabitants. Porto is seen as the country’s cultural capital with Portuguese as the primary language, however many speak English as well as other European languages. Renowned for its music artists and bands, Porto has several museums, concern halls, theatres and art galleries; rare beauties designed by Pritzker Prize architects, Siza Viera and Rem Koolhas. Whether one is looking to invest in Porto or visit for a holiday, there is no shortage of entertainment and culture for all ages and walks of life.
Explore Porto
![Ribeira District]()
Ribeira District
The Ribeira Square is situated in the heart of Ribeira District, a favourite spot for tourists. It is the oldest district in the city, filled with ancient houses, narrow cobbled streets and authentic cafes and bars. A large part of the city was destroyed by a fire in 1941, and had to be rebuilt. Locals and tourists can experience the port cellar and port tasting tours, getting a little insight into the famous traditional brewing process and sample some of the finest Port vintages.
![Douro River]()
Douro River
The Douro River is the scenic backdrop to Porto, flowing across central Spain and Portugal to its mouth in Porto. The Douro Valley runs alongside the river and is dedicated to vineyards. Historically, port barrels were transported in flat-bottom boats along the Douro Valley. The extent of the Douro allows for cultivation of olives, almonds and of course, grapes. River excursions are offered to tourists along the Upper Douro Valley.
![Palacio da Bolsa]()
Palacio da Bolsa
The Palacio da Bolsa is located in the historical centre of Porto, beside the St Francis Church of Porto. The magnificent interior was designed by several artists. The external architecture was inspired by Palladian architecture by Joaquim da Costa Lima Junior; however several architects were later entrusted to complete the metallic dome of the courtyard and Tribal Room, amongst others. The Arab Room is still used as a reception hall for heads of states visiting Porto.
![Sao Joao Festival]()
Sao Joao Festival
Festa de Sao Joao do Porto is an annual traditional festival which takes place on the night of 23rd June and carries into the following day. The festival pays tribute to Porto’s patron Saint, Sao Joao and celebrates with fireworks and street parties. It is the pride of Porto residents and a colourful attraction to tourists. Since it is during the summer, the weather is usually extremely hot around this time and the party will go on until sunrise.
Living in Porto
Areas near to Porto
Algarve, Cascais, Estoril, Lisbon, Silver Coast,
Education
Porto is the centre of excellence in the fields of education and research. It is home to the largest university in the country, and stands out for its technological and scientific innovation. The university attracts students from all across the country as well as internationally.
Healthcare
Porto’s advanced healthcare system provides both public and private options. State healthcare is free of charge to EU citizens, with possible minimal costs incurred for specialist treatments. Private healthcare is available to all through private health insurance. The public healthcare is operated and maintained by the state and funded through taxes.
Climate
The Mediterranean climate brings dry, warm summers and cool, mild winters. Occasional heat waves are known to last a few days, but are interrupted with a brief summer rain shower. Peak tourist seasons fall in line with the summer months, from April to September, but temperatures are a few degrees cooler than the coastal cities of Lisbon and the Algarve.
Travel
Porto hosts Francisco de Sa Carneiro Airport a mere 14km north of the city. The international airport has flights to all major destinations, with direct flights covering Europe. Travel from the airport to the city is quick and easy through the metro network, this network has 68 stations and is the biggest rapid transit system in the