Portugal - not so famous among the broad mass of investors that is why the country remains a bit mysterious to some of them. The country is located in the southwest of the Iberian Peninsula, its southern and western coast is washed by the Atlantic Ocean. On the territory of the country dominates a subtropical climate with an average temperature of 10-18 degrees in the winter and 25-27 in the summer. The city of Porto, the second largest in Portugal, is popular with its port wine – this is the birthplace of the Portuguese wine. Initially, Porto was built as a Roman port. The city preserved memories of the past, of medieval events and the richness of the Portuguese sea colonies. Properties in Porto are preferred by investors who appreciated the country and decided to invest in overseas property.
In 1996, UNESCO recognised the historic centre of Porto as a World Heritage Site. One of its main attractions, Clerigos Tower - the highest in the country. The city itself is located on the largest European river - the Douro, through which were sailing ships during the Great Portuguese discoveries. All historical events are to a greater or lesser extent, affected the shape of the country and the vision of Porto in particular. The Portuguese revere the traditions, so the local color in the country's cities and including in Porto - quite pronounced.
Property prices in Portugal are significantly lower than in other prestigious European countries. You can also receive a good discount in the process of buying. Practically all the property that is on the sale will be relevant for rent. Housing prices in Porto usually do not exceed 2200-2300 thousand euro per square meter. A small high quality house can be bought even for 15 thousand euro. A solid one-storey house of 100 square meters with a mansard and 40 acres of land can be found for only 80 thousand euro.
Over the years, the local housing is steadily increasing its price and remains relevant for renting. Commercial real estate is also well rented - 800-1000 Euros per month - a good income! Housing brings an average of 10% of annual income, offices - 9%.
