Porto is Portugal's second largest city after Lisbon. The city is located at the mouth of the river Douro, which defines the picturesque scenery of Porto. The region is famous for the production of port wine. Charismatic for the city is the labyrinth of narrow streets of the Ribeira district. Here you can easily get lost in one of the countless cafes or restaurants and spend a few nice hours.
The entire center is characterized by ancient houses, narrow cobbled streets and many flying merchants. Especially the thriving cultural scene is appreciated by many visitors and locals. Also noteworthy is the great range of shopping. In addition to the fixed market hall "Bolhão" there are a number of weekly markets and shopping center, where you can shop very well local food but also international fashion.
Porto has become one of the most popular tourist destinations in the world in recent years. The city has been awarded several times as the best tourism city in Europe. Many tourists visit Porto for a city break or use the location as a base to visit other northern Portuguese cities such as Braga, Guimarães or Coimbra. Also popular are day trips to the adjacent wine region or the beaches Espinho or Matosinhos in the area of Porto.
A few years ago, in the center of Porto, you could still buy fantastic properties for less than 1000 EUR per square meter. Prices have been steadily rising but are still much more attractive compared to other European cities. Highly recommended is the purchase of an apartment, if you want to move to the city center. For renting to tourists, focus on the districts of Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau and Vitória, since visitors are first looking for accommodation in the city center. Gaia still offers reasonably priced real estate and also has good access to the metro. Although there are also beautiful beaches, locals buy more properties in the north of the Douro.
There was a great demand for touristic renting licences in Porto. Thats why the city has decided to suspend the allocation of new licences in some parts of the city. An official overview can be found here.
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