
Charming Portugal town with affordable property prices. Average prices: €1,696/m². 77% below Lisbon prices.
Annual price growth: 3.4% · Forecast: mixed · stable
Area: Portugal · municipality · Investment category: budget · 3,000 apartments · 100 new units/year
Character and Identity: "The Capital of Port Wine" – A port city on the river from where wine barrels departed to Porto.
National Role: The historic heart of the Douro wine region (a UNESCO World Heritage site).
Historical Development: The Marquis of Pombal established the first regulated wine region in the world here (1756).
Interesting Facts: The ancient "Rabelo" boats would transport the barrels down the river to Porto. The navigation was dangerous and required high skill.
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