Why Brits are buying homes in Porto

Forget Lisbon – it’s chick to buy in Porto we wrote a year ago in one of our first stories about trends in the Portuguese real estate market.

Since then most other Real Estate blogs and media have reached the same conclusion.

To day its The Times turn to high light Portugal’s second best city 🙂

JLL's Market 360º is the best way to get a fast and reliable overview in the Lisbon and Porto real estate market. Especially if you want to start up a hotel.

British buyers have developed a thirst for Porto, the city on the Douro River whose fortunes were built on the centuries-old trade in fortified wine

The Times Logo Transparant.pngPortugal’s second city is cheap, sunny and has a buoyant rental market.

Stand in front of Porto’s imposing 12th-century cathedral and you get a history lesson as well as a view.

The vista spans the oldest part of the city to the south, over the Douro River, to the patchwork of historic port warehouses and production facilities on the opposite bank.

Names such as Taylor’s and Graham’s, visible in the distance, underline the centuries-old trade in fortified wine between England and Portugal. It all started when 17th-century importers, tired of wine cargos going bad on the voyage to England, added brandy to stop the fermentation process. The new, fortified wine that took its name from the city where the traders had their base soon became a favorite.

Read Hugo Cox’ story in The Times

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