Other buy in Massarelos Porto

Beautiful townhouse located in Braga’s Historic Centre ARU (Urban Rehabilitation Area), with the aim of building 5 apartments and a store with an interior patio. Located in front of the Biscainhos Museum, next to the Arco da Porta Nova and the City Hall, the building has 4 floors with 470 m2 of construction area, 537 m2 of total area and 170 m2 of total land area. According to the National Statistics Institute (INE), Braga was one of the Portuguese cities with the highest rise in property prices last year, this trend is expected to continue in the upcoming years. There is a great demand for renovated apartments in the historic centre of Braga, to purchase or rent (long or short term), with the existing offer being quite small. Braga was distinguished by the Eurobarometer as the city with the best quality of life in Portugal and the city with the third best quality of life in Europe, was considered the second Best European Destination 2019 and Bom Jesus recently received the distinction of World Heritage by Unesco, which contributed to the increase in demand even more. Recently, in March 2020, Braga entered the Top 10 of the European Cities of the Future by the Financial Times magazine fDi Intelligence. The prestigious “European Cities and Regions of the Future 2020/2021 - the Best and the brightest among Europe investments destination” ranking places Braga in the Top 10 for the first time - 7th place. This ranking evaluates the strategy for attracting foreign investment. For the last few years, the Top 4 Cities of the Bloom Consulting Portugal City Brand Ranking have been Lisbon, Oporto, Braga and Cascais. In 2019 Braga was consider the third “Best city to do Business in” and the third “Best city to live in”, just behind Lisbon and Oporto. There is a huge tourism hype in these Top 4 cities that led to a considerable increase of real estate prices in these cities’ historical centres. Braga stands out of this group has being the one from this TOP4 group with the most affordable prices in historical city centres. The escalation of prices in Oporto, Lisbon and Cascais are contributing significantly to increasing Braga’s prices, as investors shift more and more to this city, therefore this price discrepancy in the Top 4 won’t last long. This unit is a wonderful shop in the heart of the historical centre of Braga. Don't miss out on this great property. Book your viewing now. Ref: PP5908 Property Features Commercial 2 bathrooms New development Morning sun Evening sun Near bars/restaurants Near schools Near shops