Developed by Berkshire Hathaway HomeServices, the Global Luxury Landscape 2021 report presents the latest trends in real estate and luxury markets around the world. The report reveals the locations to take into account in 2022, identified by agents of the Berkshire Hathaway HomeServices network, around the world.
In a list of 14 places not to be missed, we find Baixa do Porto, together with regions such as Colli Piacentini, in Italy, Puerto Cancún, in Mexico, Virginia Beach, in the United States of America, among other unmissable regions in 2022.
The city of Porto, which was voted this year as the ninth best city in the world by the Time Out Index and the second best city in Europe by the readers of Condé Nast magazine, is also featured in the choices of the Berkshire Hathaway HomeServices.
According to the Global Luxury Landscape of 2021, the Baixa do Porto and Cedofeita areas offer a selections of bars, restaurants and art galleries, as well as palaces that were built by the nobility in the 19th century. All of these features have helped to attracted foreign investment, namely from markets such as the United States and Israel. These large, formerly derelict buildings are now being renovated and converted into boutique houses and apartments.
According to Andrés Jennings, from Berkshire Hathway HomeServices Portugal Property: “Baixa and Cedofeita had a price increase of 10 percent compared to 2014, the year in which Porto began to observe increasing levels of tourism. André Jennings adds that “Porto is a growing city, which appeals to those looking for a relaxed and unpretentious place to live, and where there is still a lot to develop”.
For Pedro Trezentos, Head of Operations at BHHS Atlantic Portugal: “The city of Porto is an unavoidable destination and one of the Portuguese stars in the tourism sector. Declared a UNESCO World Heritage Site, the city combines modernity and tradition in a very special way.
“Distinguished as Best European Destination several times over the last few years, it has become popular for tourism but also for real estate investment. Today, with an offer of high quality commercial and residential assets - capable of satisfying the needs of the most demanding national and international investors - Porto has been consolidating its position in the real estate market and is today the first choice of many investors in Portugal. Known for the authenticity and hospitality of its people, it offers unparalleled architectural, artistic, cultural, historical and gastronomic wealth.”