Casa Douro, Porto
- Properties From $417,600
- Tenure: Freehold
- Estimated Rental Return: 5%
- Completion: Q4 2023
- The Financial Times placed Porto at the top of the European Cities and Regions of the Future in 2023.
- Porto has recently been hailed as the third fastest-growing European tech hub and the “best start-up friendly city of Europe”.
- The cost of living, low violence rates, and warm climate in Porto and Northern Portugal are luring entrepreneurs, digital nomads, and investors from around the world.
- Porto is a three-time winner of the European Best Destination Award, which it obtained in 2012, 2014, and 2017.
- The city of Porto leads both in terms of rent per square meter, which was €14.9 in January 2023, and in terms of growth rate (11.9% in 3 months and 36.6% for the year).
The Property
Located just a 2-minute walk from the Douro River, the exceptional location allows guests to walk to all main historical, cultural, and culinary destinations of Porto. The complex comprises of 34 one- and two-bedroom apartments over 5 floors. All units come fully equipped and furnished. Investors may choose between a more traditional architecture — think exposed stone and honey-colored woods, with inspiration drawn from Porto’s architecture — and a more minimalist, contemporary approach. An in-house rental management program ensures that investors can start renting their property straightaway.
Amenities include a reception, rooftop bar, swimming pool, restaurant, jacuzzi and sauna.
Why Portugal?
- 65 million visitors per year
- House Price Growth 13.1% (2022)
- Inward Migration 750,000 (2022)
Due to a tourism boom, demand continues to outstrip supply, leading to price increases in both the rental and sales sector. Forbes magazine recently voted Portugal the number 1 place to retire, due to its low cost of living, fabulous way of life, and attractive tax benefits for foreign residents. 750,000 people made Portugal their new home last year. With a population of only 10.5 million, Portugal receives 65 million visitors per year. Porto’s popularity as a tourist destination has been growing rapidly, attracting visitors from all over the world. The city is known for its rich history, stunning architecture, vibrant culture, and renowned Port wine production. The increase in tourism has led to a surge in demand for short-term rental properties, such as vacation rentals and Airbnb accommodations.
Est. Returns
- Occupancy Rate: 78%*
- Rental Return: $24,285*
- *Based on AirBnB data
Location
Located a 2-minute walk from the Douro River, Casa Douro’s exceptional location allows guests to walk to all main historical, cultural, and culinary destinations of Porto.
It is a short walk from the iconic Dom Luís bridge — the main gateway to the center of Porto. This means the famous Ribeira quarter, the city’s cathedral, the São Bento station, and the Clérigos tower are all mandatory stops for a scenic stroll.
Many of Porto’s best known shops, wine cellars, museums and restaurants are within easy walking distance.
Contact us
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