30 million euro serviced apartments debut in Porto

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.