Real Estate Yields in Porto: A Look at the Last 5 Years

If you’re considering investing in Porto’s property market, here’s a realistic overview of rental yields based on recent data.

General Overview

• Gross rental yields in Porto have ranged between 5 % and 7 % over the past five years, depending on property type and location.

• In surrounding metropolitan areas such as Matosinhos, Vila Nova de Gaia, and Gondomar, yields tend to be slightly higher thanks to more affordable purchase prices while maintaining strong rental demand.

Trends Over the Past Years

• In the last 2–3 years, yields have compressed slightly as property prices have risen faster than rents. While 6–7 % was common before, many prime central properties now return closer to 5–6 % gross.

• In emerging or non-central neighborhoods, investors can still find properties offering 6 %+ gross yields.

Example Yields by Location / Property Type

Location / Type	Estimated Gross Yield	Notes
Porto city (standard apartments)	~ 5.5-6 %	Central areas: higher purchase prices = slightly lower yields
Matosinhos / Gaia / Gondomar	~ 6-7 %	More affordable entry prices, strong rental demand
Larger apartments (3-4 bedrooms)	~ 4-5 %	High acquisition costs reduce yield percentage

Porto, Ribeira - Portugal

Outlook

• Porto remains an attractive destination for solid yields, particularly for investors who are selective about property type and neighborhood.

• Remember: net yields can differ significantly after considering maintenance, taxes, management fees, vacancies, and renovations.

Are you considering investing in Porto real estate? Let’s connect and explore the market together.

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