Baixa do Porto secures the largest slice of investment in renewal

Baixa do Porto secures the largest slice of investment in renewal

Developed by Prime Yield, in partnership with Predibisa and the Lawyers Societies SRS and ALC, this research reveals that the Aliados zone has the most expensive supply in the city for urban renewal for residential use. There, the current average value has reached 2.981 €/m², or, a price between 11% and 55% above the average of those in other areas of the city for a similar product.

The Historic Centre is the most dynamic in respect of investment in new renewal projects for residential use, with 48% of apartments completed or in development concentrated in this area, more than double the total volume in the Aliados (21% of the supply).

Renewal is, at present, without doubt the main engine for the real estate market in Porto”, says José Velez, Executive Director of Prime Yield, recognising that “Housing concentrates a good share of investment intentions”.

João Nuno Magalhães, General Director of Predibisa, continues to talk of a “new housing paradigm”, underlining that “in a strong year for urban renewal in Porto, with the increase in demand, new real estate renewal investments have been occurring, aimed at permanent housing for the families of the Baixa in Porto”.

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