Porto in Portugal entered the list of the most attractive countries for investment in 2020/
Forbes magazine selected the 6 best European cities to invest in in the coming 2020. This list includes the city of Porto in Portugal. Last year, this position was held by Lisbon.
The magazine has contacted LeadingRE, an international community of 565 realtors and real estate agents in 70 countries.
This year, the Portuguese capital was squeezed, as "the growth has been so significant over 2019 that good deals on homes are harder to find". Therefore, attention was directed to Porto, where the cost of a house is 30% less than in Lisbon, despite a 15% increase in sales.
Learn more about Portugal
According to Forbes, Portugal provides "golden visas" at the most affordable prices for foreigners who are going to get a residency by investment. It was also revealed that real estate sales to foreigners over the past three years have grown from one in ten buyers to every third.
In addition to Porto, the list includes Naples (Italy), Megève (France), Szekesfehervar (Hungary), Batumi (Georgia) and Rotterdam (Holland).
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