January 2, 2020
Forbes chooses Porto as one of Europe’s six best cities to invest in 2020.
In Porto you’ll discover sights, culture, food scenes, accommodation options and value for the money. Besides that, according to Forbes magazine, you’ll find it is also among The Best European Cities To Invest In For 2020.
The US magazine Forbes has already elected the six best European cities to invest in this year. A Portuguese city has once again made Forbes magazine’s list of “best European cities to invest in”, with Porto replacing Lisbon which had made the list last year. The city of Porto has been gaining prominence and is increasingly an option for foreign investors.
Last year, the magazine Forbes chose the city of Lisbon as one of representatives.
“The next best place to invest is in Porto, where house prices are still 30% lower than in Lisbon despite a 15% increase in sales”, explains Rita Ribeiro, from the real estate agency INS Portugal.
Portugal is also one of the more lower-priced places to obtain a Golden Visa for EU citizenship. Therefore, home sales to foreigners has grown over the past three years from one out of ten buyers to one out of three.
The other cities to make the list were Naples (Italy), Megève (France), Székesfehérvár (Hungary), Batumi (Georgia) and Rotterdam (Netherlands).
Source: AICEP, PORTUGAL RESIDENT, FORBES