Real estate investment in historic Porto increases

in World · 24-05-2019 01:00:00 · 0 Comments

Real estate investment in the historic centre of Porto increased by 24 percent during 2018 up to €147 million

According to data compiled by Confidencial Imobiliário, real estate transactions in the historical centre of the city totalled 146.9 million euros over 2018, up 118.9 million euros compared to 2017.

The volume of investment observed in 2018 corresponded to 463 operations, up by 19 percent compared to 2017, while the average value per transaction increased between the two years, from just over 306,000 euros to 319,000 euros according to the report.

The areas of Vitória / Taipas and São Bento / Sé saw the largest concentration of investment with 37 percent each, equivalent to around 54 million euros, and both showing an annual growth of more than 70%.

Mouzinho / Flores, which in 2017 was the main investment destination location in the historical centre of Porto (35 percent of the total), lost momentum over the year, registering an 18 percent decrease in the volume of transactions and reducing its market share to 23 percent of the total market (equivalent to 34.2 million euros).


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