Porto-Leça Da Palmeira - Matosinhos E Leça Da Palmeira - Leça da Palmeira

As a part of Greater Porto and nestled between the Douro River and the Atlantic Coast, Matosinhos has a rich history dating back to Roman times, evident in the many archaeological finds in the area. The regional museum, Casa do Infante, holds an expansive collection of historical artifacts. The region's agricultural and fishing roots are reflected in the city's emblematic sights such as the Mercado de Matosinhos, a historic market, and its unique coastal geography. Matosinhos is also well known for architectural gems such as the Igreja do Senhor de Matosinhos, a key example of Baroque architecture.

The Exclusive Property Market in Matosinhos

Currently, the Matosinhos property market is stable and strong, predominantly buoyed by a growing domestic demand and international interest. Despite a sufficient supply of luxury homes and apartments, the premium segment, however, experiences a growing demand, especially in key residential areas such as Praia de Matosinhos, Cidade Jardim, and Leça da Palmeira.

Economic and Political Stability in Matosinhos

Matosinhos enjoys a stable political and economic environment, making it a promising place for real estate investment. Property transactions are straightforward, and various legal and structural costs are involved, including transfer tax, realtor commissions, notary fees, and potential inspection or legal costs.

Real Estate Taxation in Matosinhos

Both buyers and sellers can expect to pay real estate commission, which averages around 5-6% in Portugal. The transfer tax on private property is variable, depending on the transaction price, and there's additionally a municipal property tax to consider. When it comes to profit from selling residential property, taxation varies depending on whether the property is a primary residence or a second/vacation home.

Accessibility and Location of Matosinhos

Matosinhos is easily accessible by road and rail via the A28 motorway and the Porto Metro. It's just 8km northwest of Porto, a bustling metropolis. Francisco Sá Carneiro Airport, the nearest international airport, is a mere 10-minute drive away, making Matosinhos a convenient hub for travel.

Education and Lifestyle in Matosinhos

With top-notch education institutions such as the Polytechnic Institute of Porto and several reputable primary and secondary schools, Matosinhos offers a privileged lifestyle. The city itself is arrayed with luxury lifestyle shops, high-end hotels like the Holiday Inn Express Porto Exponor, and renowned restaurants such as O Valentim and O Gaveto.

Culture and Recreation in Matosinhos

With a healthy balance of tranquility and dynamism, Matosinhos offers its residents a wealth of activities. It hosts annual events like the Festa do Senhor de Matosinhos and is home to cultural landmarks like the Contemporary Art Museum of Serralves. As for healthcare, several hospitals and clinics serve the area, ensuring public infrastructure and amenities are in place for a comfortable living environment. Please note that this information is for general purposes only, and specific tax, legal and financial advice should be sought when considering buying a property in Matosinhos.