Why is the West of Portugal excellent for real estate investments?
The West Coast of Portugal is a very popular destination for those looking to spend a peaceful holiday! Stunning views of the sea, the countryside, beautiful beaches, mild climate, and full of historic and charming cities.
But, what if I told you that these unique characteristics are also what make this area of our country great for real estate investments?!
And truth! In addition to the beautiful beaches and mild climate, the West of Portugal is a region in constant growth and development, and there are even many people looking to live here. The region has, for example, been the target of investments in infrastructure and public services, which has greatly contributed to an increase in the quality of life of its inhabitants and to an increase in interest from real estate investors.
Properties in this area range from traditional Portuguese houses to modern apartments and villas, but it is also highly sought after by foreigners interested in building.
Costa de Prata (Silver Coast): Do you know what makes this area of Western Portugal so special?
The Silver Coast is a coastline that stretches from Aveiro to Torres Vedras, with magnificent beaches, although the waters are a little cold! It is a magical area, with vast natural beauty, and a meeting point between sea and countryside.
It is a region of excellence, with excellent economic, cultural, tourist and gastronomic development, and very close to Lisbon, with a motorway (A8) that connects this area directly to the Portuguese capital.
The Silver Coast has its own nature and climate and offers tourists and its inhabitants a huge diversity of offers aimed at natural, cultural and gastronomic tourism. Beaches, sites classified by UNESCO, castles, natural parks and historic villages are the seal of quality tourism in this beautiful region of Portugal.
There are many reasons to visit and live here, on the Silver Coast. But, let’s look at why you should choose this region of Portugal for your real estate investments?
Four reasons to choose the West of Portugal for your real estate investments?
1) Growth and Development – The West of Portugal is a region in constant growth and development, with investments in infrastructure and public services. For example, the Portuguese government is investing in the modernization of the Oeste railway line, which will improve mobility in the region. Furthermore, the region has a wide variety of public and private schools and hospitals. (With emphasis on the new hospital in Oeste, which aims to fill the current gaps in the national health system…)
2) Variety of Investments – The Western region of Portugal, namely the Silver Coast, has a wide variety of properties available, from traditional Portuguese houses to modern apartments and villas. In addition to property prices in the region being more affordable than in other tourist regions in Portugal, such as the Algarve, Lisbon or Porto, it is a great place for those looking to, for example, invest in construction projects, with a view to constant demand in this market.
3) Very popular tourist destination – The Silver Coast is a very popular tourist region! Known for its beautiful beaches and mild climate, which makes it a popular destination for tourists all year round. This means that there is a great demand for accommodation, and this aspect, in itself, is a great investment opportunity. However, the most interesting thing is that many of these tourists, especially foreigners, end up choosing this region as a place to buy or build their home in Portugal.
4) Incentives for Investors – This is a factor that is no longer specifically related to the Silver Coast, or the West region, but which also deserves relevance, as Portugal is a country with several incentives for investors. For example, the Golden Visa Portugal program. Despite having its end in sight, the Portuguese government decided to continue offering residence visas to foreign investors who purchase certain real estate investment requirements in Portugal.
In short, the West Coast of Portugal, despite being mostly known as a popular destination for tourists, also has immense potential for real estate investors, who want to take advantage of all the advantages, not only of the region, but also of the country in general. Great investment options, more affordable prices than in other tourist regions in Portugal, and a region in constant growth and development, are, without a doubt, factors that you, a real estate investor, should take into account.
And here it is, another article that I think will be of special interest to you. Don’t forget, my success is reflected in your satisfaction. See you soon…