Oporto Luxury Residences
Under ConstructionPorto, Paranhos
About
Oporto Luxury Residences is a new development under construction in Paranhos (Areosa – Fernão de Magalhães), Porto, set on Avenida de Fernão de Magalhães beside the Areosa viaduct — one of the city's longest avenues and a well-connected, central address. The development offers 1BR to 3BR apartments and 2BR penthouses ranging from roughly 50 to 309 m² and priced from about €275,000 to €625,000, spread across nine floors with generous balconies and terraces.
Every apartment includes covered parking, private storage and a fully equipped kitchen, with built-in wardrobes, double-glazed thermal-break frames, electric blackout blinds, video intercom, air conditioning and a heat pump. Shared facilities include an outdoor pool, landscaped garden, a multipurpose room and changing rooms, and the building targets an A energy rating with photovoltaic panels. It sits 750 m from Júlio Dinis International School and within a short drive of Santa Maria and São João hospitals, the University of Porto and Francisco Sá Carneiro Airport.
Key handover is scheduled for Q2 2026. Developed by NVD, the real-estate arm of the Arliz Group.
Amenities
Included with Numeralis — free
- Full data access — comparable, structured, independent
- In-house guidance — agency, lawyer, mortgage partner routing
- Notary + registry handled at closing (~€1,000 value)
€/m² vs. peer median
-16.6% vs. 4,148€/m²
Priced below peers — competitive for the area.
Varandas do Covelo
2,193€/m² -47.1%
Edifício Zeca Afonso
2,458€/m² -40.7%
Monsanto Lofts
3,129€/m² -24.6%
Privilege Gardens
3,360€/m² -19.0%
The Studios Paranhos
3,583€/m² -13.6%
Edifício na Areosa
4,056€/m² -2.2%
Monsanto 705
4,067€/m² -1.9%
Oporto Plaza
4,099€/m² -1.2%
Edifício Rua 9 de Abril
4,112€/m² -0.9%
Monte Pedral
4,148€/m² +0.0%
Vintage Garden
4,232€/m² +2.0%
Boss Gardens
4,347€/m² +4.8%
Prestige Living – Costa Cabral
4,465€/m² +7.7%
Boss Gardens
4,538€/m² +9.4%
Júlio de Matos
5,035€/m² +21.4%
The Avenue
5,192€/m² +25.2%
Visconde 320
5,214€/m² +25.7%
Laetitia Living
5,408€/m² +30.4%
Fernão Magalhães 2743
6,000€/m² +44.7%
Local supply
This project has 7 unit total — 1.6% of all new dwellings licensed in the area.
- Studio/1BR 307 zone 0 here —
- 2BR 94 zone 4 here 4.3%
- 3BR 48 zone 3 here 6.3%
- 4+BR 1 zone 0 here —
Location & neighbourhood
Paranhos, Porto
Open in Google MapsAsk about the area
Tap a question to see the answer — sourced from Google Places & Routes for this project's exact coordinates.
Units
7 units · 7 available (100%) · €1,811–4,124/m²
| Typology | Floor | Area | Price | €/m² | Plan | Status |
|---|---|---|---|---|---|---|
| 2BR | 7 | 97 m² | €400,000 | €4,124 |
|
Available |
| 2BR | 8 | 106 m² | €425,000 | €4,009 |
|
Available |
| 2BR | 9 | 309 m² | €559,500 | €1,811 |
|
Available |
| 2BR | 9 | 241 m² | €575,500 | €2,388 |
|
Available |
| 3BR | 6 | 178 m² | €606,800 | €3,409 |
|
Available |
| 3BR | 8 | 178 m² | €624,700 | €3,510 |
|
Available |
| 3BR | 7 | 178 m² | €615,700 | €3,459 |
|
Available |
Mortgage Simulator
Default: cheapest of 7 units — drag for larger units in this project
Portugal national rate · 2026-05-31
Estimated monthly payment
on a loan
Financing
- Property price
- Down payment · 20%
- Loan amount
One-off costs at purchase
- IMT
- 30,000€
- Stamp duty (IS)
- 3,200€
- Notary & registry
- Free with Numeralis 1,000€
Estimated monthly rent
2,095€
INE Paranhos · 2024
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