Investing in Minho - Portugal

The success of Portugal as an investment destination is based on the country’s positive approach towards international business. Portugal offers a strategic location, access to key markets, skilled human resources, competitive costs and top infrastructures. (AICEP - PORTUGAL)

Viana do Castelo is the northernmost Atlantic city in Portugal, located about 25 minutes from Porto international airport.

Served by functional highways and a sea port, it is easy and comfortable to reach the city, where visitors can enjoy a remarkable quality of life, either through the tranquility and security of their urban living, or by the wealth of their heritage natural, monumental and historical, or even because of the excellent cultural, sports and social facilities.

The presence of the river, the mountains and the sea, gives the city excellent landscape qualities that delight the senses, provide a psychological atmosphere of decompression and are conducive to a healthy and pleasant occupation of free time.

An urban transport network, which includes small electric buses circulating in the streets of the medieval city, discourages the use of individual cars and favors environmental quality. The Ring Road around the oldest nucleus of the city and the distribution of several underground car parks along this road, allow to relieve the medieval area of ​​the car parking on the surface, moving them away from the prime area of ​​the city and, consequently, facilitating pedestrian mobility.

The city also has a good hotel capacity, which is growing rapidly, both to welcome tourists and to host congresses, seminars and other tourism, business or study meetings, conditions that are supported by the existence of modern and functional auditoriums. to carry out these meetings.

A set of modernized cultural spaces - theaters, cinemas, library, museums - provides conditions for cultural enrichment for residents and visitors, while the presence of the river and the sea offers special conditions for welcoming recreational sailboats and the practice of all types of sports. water sports.

The unparalleled wealth of Viennese ethnography, which makes the city the capital of Portuguese folklore, the originality and functionality of its handicrafts, with special emphasis on crockery and embroidery, the assiduous and qualified cultural animation, are other attributes that make Viana do Castle an extremely attractive city for all aspects of tourism.

It is good to live in Viana do Castelo!

Source: cm-viana-castelo.pt

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Viana do Castelo is the northernmost Atlantic city in Portugal, located about 25 minutes from Porto international airport.

Served by functional highways and a sea port, it is easy and comfortable to reach the city, where visitors can enjoy a remarkable quality of life, either through the tranquility and security of their urban living, or by the wealth of their heritage natural, monumental and historical, or even because of the excellent cultural, sports and social facilities.

The presence of the river, the mountains and the sea, gives the city excellent landscape qualities that delight the senses, provide a psychological atmosphere of decompression and are conducive to a healthy and pleasant occupation of free time.

An urban transport network, which includes small electric buses circulating in the streets of the medieval city, discourages the use of individual cars and favors environmental quality. The Ring Road around the oldest nucleus of the city and the distribution of several underground car parks along this road, allow to relieve the medieval area of ​​the car parking on the surface, moving them away from the prime area of ​​the city and, consequently, facilitating pedestrian mobility.

The city also has a good hotel capacity, which is growing rapidly, both to welcome tourists and to host congresses, seminars and other tourism, business or study meetings, conditions that are supported by the existence of modern and functional auditoriums. to carry out these meetings.

A set of modernized cultural spaces - theaters, cinemas, library, museums - provides conditions for cultural enrichment for residents and visitors, while the presence of the river and the sea offers special conditions for welcoming recreational sailboats and the practice of all types of sports. water sports.

The unparalleled wealth of Viennese ethnography, which makes the city the capital of Portuguese folklore, the originality and functionality of its handicrafts, with special emphasis on crockery and embroidery, the assiduous and qualified cultural animation, are other attributes that make Viana do Castle an extremely attractive city for all aspects of tourism.

It is good to live in Viana do Castelo!

Source: cm-viana-castelo.pt

Viana do Castelo

The study highlights Porto and Northern Portugal’s upbeat economy, high living standards, low cost of living and infrastructure as a reason why the area is attracting the attention of not only top tier talent but of investors from around the globe.
Northern Portugal enjoyed an average yearly growth rate of 11.4% in FDI (foreign direct investment) between 2013-2018.

Property Investment in Porto and Northern Portugal

Porto and Northern Portugal is undoubtedly an attractive market for property investment. The region enjoys a high quality of life, a stable social climate, low labour costs, top talent, and good communication and infrastructure links. The city is further investing in renovating the city, is internationally recognised and is attracting investors from all corners of the world. For those who have looked at Lisbon to invest in, Porto can be compared to the capital 5-10 years ago. In Porto, investors can expect to achieve the highest capital appreciation in Portugal as the city still enjoys a low price per square meter. The real estate market in Northern Porto is enjoying a positive upward trend.

Transport Links

Porto, one of the oldest European centres, is well-connected. With high-speed trains connecting Porto to Lisbon, the city boasts a subway system that stretches 22 miles and an international airport hub that serves continental and intercontinental flights.
Viana do Castelo is a 45min highway trip from Porto, and there are direct and inexpensive train or bus services connecting both cities.

Transport Links

The upswing of international tourist numbers over the past years in the low and high season has contributed to Porto’s booming economy. International tourists flock to Porto to experience the cities rich historic centre, cultural offerings and vibrant atmosphere. Porto is a three-time winner of the European Best Destination Award which it obtained in 2012, 2014 and 2017.

High living standards

High living standards

The cost of living, stable social climate and warm Mediterranean climate in Porto and Northern Portugal is luring entrepreneurs, digital nomads and investors from around the world. The region is considered a safe and welcoming destination with a diverse cultural offering.

Porto and Northern Portugal have been benefiting from major urban development and rehabilitation projects in the last years. Between 2014 and 2018, a million sq.m of real estate projects were licensed in the Greater Porto Area. Furthermore, as of Q1 2018, another 900,000sq.m worth of projects was waiting for approval. Porto City Hall has also been taking an active role in setting up new initiatives, for example, the designation of new urban rehabilitation areas (ARU’s) which can benefit from tax incentives. Although subject to some fluctuations, FDI in Northern Portugal has been steadily growing over the past 10 years at a yearly average rate of 9.1% (11.4% during the past 5 years). This growth rate is significantly higher than the one observed throughout Portugal as a whole (6.6%) as well as for the 28 EU Member states (5.3%).

Porto and Northern Portugal have been benefiting from major urban development and rehabilitation projects in the last years. Between 2014 and 2018, a million sq.m of real estate projects were licensed in the Greater Porto Area. Furthermore, as of Q1 2018, another 900,000sq.m worth of projects was waiting for approval. Porto City Hall has also been taking an active role in setting up new initiatives, for example, the designation of new urban rehabilitation areas (ARU’s) which can benefit from tax incentives. Although subject to some fluctuations, FDI in Northern Portugal has been steadily growing over the past 10 years at a yearly average rate of 9.1% (11.4% during the past 5 years). This growth rate is significantly higher than the one observed throughout Portugal as a whole (6.6%) as well as for the 28 EU Member states (5.3%).

Tech in Hospitality

Tech in Hospitality

Tech in Hospitality

Golden Visa

The Portuguese “Golden Visa” programme was created by the Portuguese government in 2012 to attract foreign  investment. It is designed to allow its subscribers to work and obtain temporary residence permits, as well as full usage of the public health and education systems in all countries within the Schengen area. It works as a fast track to a European passport via investment in real estate. After five years you may obtain permanent residence. Today over €4.5 billion has been invested in the country through the programme since its launch. Read more about getting the golden visa here.