±JOIN OUR NEWSLETTER
±Compare Expat Providers
±Expat Focus Partners
±Latest Financial Articles
· Moving Abroad, Before And After Brexit
· Expat Focus Financial Update February 2018
· How To Navigate Brexit When Sending Money Abroad
· Expat Focus Financial Update January 2018
· Top Tips for Buying a Property Overseas in 2018
· Expat Focus Financial Update December 2017
· World Events And Currency: Why Politics Affect An Exchange Rate
· Expat Focus Financial Update November 2017
· What Might Brexit Mean For Expat Finances?
PortoBack to top Back to main Skip to menu
Portugal - Porto
The climate of the area is affected by the Atlantic and the winter months can see a great deal of rain and low temperatures of around 8°C. The summer months are much drier, with temperatures averaging at around 28°C. Unlike other areas, the summer season can actually be quite short and may only last for around three months instead of the six enjoyed by other districts.
The city and district of Porto are very popular with tourists, making this a busy area. Those who want to retire for a quiet life will find that they are best served in one of the small towns outside the main city. The area has much to offer in the way of leisure facilities, with several golf courses and plenty of shopping areas. The cost of living is a little higher in this area, due to the demand.
There are many opportunities for someone to have their own business in Porto or the surrounding areas. Tourist businesses do very well, such as hotels, bars and restaurants. The size of the city means that there are more organisations which are able to offer advice for those who want to start a business and there are Chamber of Commerce-style organisations that can be contacted.
As one of the largest urban areas in Portugal, Porto has a variety of properties to offer both those who are thinking of retiring or those who are starting a business. There are several towns which offer different lifestyles for those who prefer not to live in a city, such as Espinho which is a beach resort, a fishing village such as Povoa de Varzim or even a small town that is home to a number of mansions such as Amarante. The inland areas of Porto have numerous golf courses which is ideal for those who want to retire to a life of leisure.
Properties in the city of Porto range from apartments to detached family homes. Homes in the city centre are mainly apartments and townhouses, though very few have outdoor space. This area is popular with those who like to have a busy social life as there are many bars, clubs and restaurants. Further away from the centre the houses are larger and have more outdoor space. Homes in the historic quarter of the city – Ribeira – are set in narrow streets and are colourful. Prices in the city of Porto are considerably higher than in some neighbouring districts, mainly due to the amount of commercialisation and demand for properties.
The city has many new developments and many of these are being snapped up by locals. The older properties with character are being bought up by expats. The city is also a good place to buy property to rent out to others, so offering a good business opportunity for newcomers to the area.
The town of Vila do Conde is becoming a very popular beach resort. There have been several new developments along the coast and these apartments have been marketed strongly towards expats and those who wish to own a second home in the area. A growing number of retired expats have chosen to make their home in the area. Parts of the town are also residential with commercial and industrial areas developing. This may also be a good town for those who are looking to start their own business in the area. Further away from the beach in the residential areas there are larger houses available, often with good sized gardens. Property prices are lower than they are in the city of Porto, although due to growing demand, these are expected to increase.
Read more about this country
Expat Health Insurance Partners
Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.