Why is the north of Portugal attracting more and more property buyers?

Why is the north of Portugal attracting more and more property buyers?

The real estate market in the north of Portugal has been gaining prominence, becoming one of the most sought-after regions in which to live and invest.
Whether it's because of the wide range of properties on offer, the economic growth or the high standard of living, the truth is that more and more people are choosing this area to buy a home.


But what makes northern Portugal so attractive?

In this article, we explore the main reasons for this growing demand.

1. More Affordable Prices: Compared to other regions, such as Lisbon and the Algarve, the north of Portugal has more competitive real estate prices. This advantage means that both domestic and foreign buyers see this region as an excellent opportunity to buy a home, whether for own use, rent or investment.
    
2. Quality of Life and Rich Culture: Quality of life is one of the most valued factors when choosing where to live, and the north of Portugal offers a perfect balance between tradition and modernity. From vibrant cities like Porto to the picturesque villages of Minho and Trás-os-Montes, the region stands out for its gastronomy, natural landscapes and rich historical heritage.
    
3. Economic and Technological Growth: Cities like Porto and Braga are becoming true hubs of innovation and technology, attracting companies, startups and qualified professionals. This growth has boosted demand for housing, both for buying and renting, especially among young workers and university students.
    
4. Booming tourism and market appreciation: Tourism has been one of the driving forces behind the region's development, especially in Porto and the Douro area. The increase in the number of visitors has boosted the short-term rental market, making it an excellent opportunity for investors looking for a solid financial return through local accommodation.
    
5. Infrastructure and Urban Development: The modernization of the transport network, urban redevelopment and the construction of new real estate developments make the region increasingly attractive. The growth of infrastructure facilitates mobility and accessibility, key factors for those looking to settle in the north of the country.
    
6. Investment Opportunities and Appreciation: The real estate sector in the north of Portugal continues to show high potential for appreciation. Cities such as Porto, Braga and Guimarães are showing a growing demand for housing, which makes this region ideal for those looking to invest with good return prospects.
    
7. Proximity to the sea and nature: Living in the north of Portugal gives you easy access to stunning beaches, such as those on the Atlantic coast, and unique natural landscapes, such as the Peneda-Gerês National Park. This proximity to nature attracts buyers looking for a more peaceful and balanced lifestyle.
    
8. Safety and stability: Portugal is often ranked as one of the safest countries in the world, and the north is no exception. This factor makes the region even more appealing to families, retirees and foreign investors looking for a safe environment in which to live or invest.
    
9. Tax Benefits and Incentives for Foreigners: The Non-Habitual Resident (NHR) regime has been a major attraction for international investors, offering tax advantages to those who decide to live in Portugal. This program, combined with the competitive cost of living, has made the north of the country an excellent choice for expats and retirees.
    
10. Diversity of Real Estate Options: Whether it's a modern apartment in the center of Porto, a villa in Braga or a country house in the Douro, the region offers a great diversity of properties for different buyer profiles. This wide range of options allows you to find the ideal solution for every need, whether it's for your own home, second home or investment.

Conclusion
The northern part of Portugal is consolidating its position as one of the most sought-after destinations for buying a home, whether for living or investing. With affordable prices, a high quality of life, economic growth and a dynamic real estate market, the region offers unique opportunities for those who want a home with potential to increase in value.

If you're thinking of buying a house in the north of Portugal, now is the perfect time! 

📩 Want to know more? Contact us to find the best option for you!