Latest news and stories about property market in Porto, Portugal for expats and residents.
Matosinhos municipality is facilitating the construction of 140 affordable rental units by granting land for 90 years, providing financial aid, and streamlining the approval process for housing cooperatives.
The office market in Porto is experiencing high demand, with one-third of the 98,600 square metres currently under construction already reserved.
The estate was purchased by the mayor's father in 2013 and Menezes guarantees that it has a habitation permit issued by the City Council.
See the answer in the video. Polígrafo TVI (from the same group as CNN Portugal) is a fact-checking programme about current events.
The selling price of houses fell by 1.2% in the last quarter of 2025, but rose by 120% over six years. The east of the city is overcoming “prejudices”, but it is no longer for everyone. What future is being shaped there?
In the last year, 2,238 companies were created in Porto and another 945 closed down. The city exported over one billion euros in goods in 2025, with a more significant weight in the last quarter totaling nearly 275 million euros. And families are more indebted with housing loans. These data...
Mome, a real estate manager based in Porto, intends to create new residential models in Portugal. Following the launch of the private cooperative project Pedras.coop in Gaia, currently under construction, the company has defined a strategy focused on developing emerging and replicable housing formats in partnership with other entities. According to founder and CEO Francisco Rocha Antunes, the goal is to provide the market with cooperative, co-living, and affordable housing developments. The company operates across the entire real estate value chain, from identifying opportunities to construction. Their strategy includes a partnership with the Belgian firm Revive to build 400 housing units in Porto, representing an investment of approximately 140 million euros, with a focus on sustainability and B Corp certification standards.
Land for the construction of 130 housing units and two apartments are the real estate component for sale in the auction of Boavista's assets
The Mayor of Matosinhos confirmed that the developer is demanding 19 million euros in compensation.
Porto City Council has partially suspended the Emporium Park development near the City Park after municipal inspectors found the building exceeded the authorized height by 80 centimetres. The council has ordered the developer to correct the work, including the demolition of the excess structure, to restore legal compliance. Mayor Pedro Duarte stated that such a project would not have been approved under his administration, emphasizing a new, stricter approach to urban planning and landscape protection. A local association has also filed a lawsuit challenging the legality of the development.
Porto City Council has partially suspended work on the controversial Emporium Park development, currently under construction near the City Park on Avenida da Boavista. The council has ordered the demolition of the excess structure after detecting a construction deviation of 80 centimetres above the maximum authorised height for the building, which has sparked public outcry.
The municipality detected construction 80 centimetres above the licensed height and ordered the demolition of the excess parts.
Prime residential prices in Porto rose by 8.5% in 2025, the best performance among the Portuguese markets analysed by Knight Frank in The Wealth Report 2026, even ahead of Marbella in Spain. Quinta do Lago, in the Algarve, saw a 5.2% increase, while Lisbon grew by 2.7%. It is concluded that Portugal continued to attract international buyers. The real estate sector...
The Haya Towers will reshape the skyline of Vila Nova de Gaia by 2030. The project consists of two 107.5-metre skyscrapers, among the tallest in the country, featuring 361 apartments. Real estate developers Krest and Glowing Merit are investing 150 million euros in this vertical neighbourhood, which will house approximately 1,000 residents. Construction is set to begin in early 2027, with completion expected within four years. Krest CEO Claude Kandiyoti highlights the project's focus on centralisation, mobility, and contemporary architecture, noting that the new metro line connection to Porto city centre was a decisive factor for the investment. The development will offer premium amenities, including a concierge, swimming pool, gyms, and a Sky Club, with sales starting in June.
The future Rotunda station on the new Ruby line of the Porto Metro will feature two skyscrapers marking the skyline from 2028, an initiative by real estate developer Krest. The project will be presented at SIL, the Real Estate Fair of Portugal, which opens its doors this Thursday at FIL in Lisbon. The choice of this investment...
Real estate developer and asset manager Âncora Investments has announced a partnership with PMA – Paulo Merlini Architects to develop two large-scale residential projects in the Porto Metropolitan Area, located in Canelas (Vila Nova de Gaia) and Águas Santas (Maia). The initial investment is estimated at 180 million euros, with the potential to increase as the projects progress. The developments are expected to total over 80,000 m² of above-ground construction and approximately 650 homes aimed at the mid-market segment. Construction is scheduled to begin within the next 12 months and will be carried out in phases.
PRESS REVIEW | Vila Nova de Gaia led at a national level
The Bessa Stadium, home to Boavista for 22 years, and its associated sports complex in Porto, will go to auction after April 27 for 38 million euros, as part of the insolvency proceedings of the 'axadrezados'.
Miguel Poisson, CEO of Portugal Sotheby’s International Realty, is the 74th guest on the podcast “E Se Corre Bem?”. He has lived in eight different countries, moved house 22 times, and today leads one of the luxury real estate companies in Portugal. With a degree in Management from the Faculty of Economics of Porto, he guarantees that he never made big plans...
Destroying soil and vegetation that are already scarce in the city centre to produce housing that only a tiny fringe can afford is not housing policy. An open letter to the Mayor of Porto.
The owner of the house will begin cleaning the public road to clear it this Thursday.
AGEPOR – The Portuguese Association of Shipping Agents warned that criticisms of the Port of Leixões' strategic plan for the next 10 years, while “legitimate”, ignore that the infrastructure is “a strategic asset for companies, for job creation and wealth in the Northern Region, and for the national economy”.
30 of the club's assets went to auction, but only 14 were sold. A shop near the Bessa stadium was sold for 181,000 euros, but a duplex in the same building received no bids reaching the minimum value.
The Oporto Metropolitano, a project bringing a mixed-use concept of housing, hospitality, retail, and services to the Greater Porto market with an investment exceeding 30 million euros, will begin operating its 50 serviced apartments at the end of the summer. The residences, ranging from studios to one-bedroom apartments, offer amenities such as 24-hour concierge, regular cleaning, a restaurant, a grocery store, a gym, and nearby medical assistance. Located near the AEP roundabout in Matosinhos, the development is divided into two blocks with different investment models. Block A, housing the serviced apartments, has over 50% of its units sold, with prices ranging from 198,900 to 285,000 euros, while Block B is already fully sold. The project offers investors a guaranteed minimum return of 5% for the first two years. Jorge Santos, leader of the bbgourmet Group, notes that the project reflects a shift in how people view housing, prioritizing convenience and flexibility.
Since the beginning of the term, the local authority has carried out 10 sealing operations on unsanitary, overcrowded sites that were operating as unlicensed accommodation. The opposition calls it “camouflaged humanism.”
Three projects are involved: the Bustes urbanisation, featuring three 12-storey towers; the Quinta do Paço development, which includes 73 homes; and the drafting of the detailed plan for the Madalena quarry.
The councillor clarifies that he does not intend to “attack the urban planning processes in question”, but rather to question the “haste to do this two months before the revision of the Municipal Master Plan (PDM)”.
Residents of Fontainhas lament the building's degradation and report a feeling of insecurity. The Ministry of Labour, Solidarity and Social Security states that the process to sell the building is currently underway.
Greater Porto will gain 51,000 square metres of new office space this year, according to Sofia Pires, head of Commercial Real Estate at Dils in Porto. She notes that 70% of this new supply is already taken, as companies increasingly encourage employees to return to the office to foster collaboration and culture. Developers are responding to this demand, with 130,000 square metres of office space expected to reach the market by 2028, including major projects like HOP - Heart of Porto, Spark Matosinhos, and various redevelopments by Avenue, Sonae Sierra, Grupo Ferreira, and Mota-Engil. These new developments prioritise sustainability, ESG standards, and green certifications to attract and retain talent. Last year, commercial real estate investment in Portugal reached €2.8 billion, with the Northern region, particularly Greater Porto, attracting significant international interest.
