Market 360º Porto 2019
The Market 360º Porto Report , analysis the performance of real estate, office, retail, investment, development, residential and hotel markets in the city of Porto.
Porto is proving to be a new destination not only for tourism but also for investment. The past few years have witnessed various regeneration works in different neighbourhoods, transforming Porto into a desirable city in which to live, visit, work and invest.
The demand consolidation alongside an expected pipeline of new offices with the quality and requirements which are currently demanded, anticipates an increase in investment activity in the sector for the coming years, carried out mainly by core, core plus and value add profile investors.
A novelty to the retail market, especially in the Northern Region, is the arrival of the Spanish retail chain Mercadona. Up to the release of this publication 5 stores had opened (Maia, Matosinhos, Vila Nova de Gaia, Gondomar and Barcelos), and 5 more are expected by the end of the year, all part of a strategy that aims to have 20 open stores in the region by the end of 2020.
In the residential market, concluded works are noteworthy and building rehabilitations have been executed to high quality standards. 2019 will be a year marked by the promotion of larger scale residential projects, both in growing areas of the city and more peripheral areas.