Portugal’s Atlantic Coast is Making Waves in the Global Real Estate Market
At half the price of the Algarve and with all the beauty, the real estate of Portugal’s ‘silver’ coast is booming.
The Algarve coast of Portugal has been attracting tourists in their droves for years; those wanting more of the ‘real’ Portugal have recently been purchasing property on the Atlantic silver coast. While they want to profit from investing in the strip that runs from the north of Lisbon to Nazare at the early stages, before the big developers come in, they are conflicted. By doing so, they may alert more people to the relatively undiscovered beauty and therefore potential of this corner of Portugal. However, as a recent report in The Telegraph attests, the word is already out.
The silver coast is already on the radar of local Portuguese holidaymakers who flock to the beautiful beaches in the peak season of July and August, however out of season the region still remains quiet. The local nickname of this area is the ‘cold coast’ because of the cooler water temperatures and brisk Atlantic breeze. While the coast is not as hot as the Algarve, it has a temperate climate that is favoured by both surfers and families.
Investors will be keen to see if real estate on this coast will be as popular as that on the established Algarve. Seafront developments have just started to appear along the coastline, however it remains largely unspoiled. The area already has a number of golf courses in addition to the good beaches, both indicators of good rental yield opportunity. Prices at silver coast golf developments are currently much lower than their Algarve counterparts, although most lack their extensive facilities. Time will tell, but it seems that this region may not stay underdeveloped for long.
The Algarve coast of Portugal has been attracting tourists in their droves for years; those wanting more of the ‘real’ Portugal have recently been purchasing property on the Atlantic silver coast. While they want to profit from investing in the strip that runs from the north of Lisbon to Nazare at the early stages, before the big developers come in, they are conflicted. By doing so, they may alert more people to the relatively undiscovered beauty and therefore potential of this corner of Portugal. However, as a recent report in The Telegraph attests, the word is already out.
The silver coast is already on the radar of local Portuguese holidaymakers who flock to the beautiful beaches in the peak season of July and August, however out of season the region still remains quiet. The local nickname of this area is the ‘cold coast’ because of the cooler water temperatures and brisk Atlantic breeze. While the coast is not as hot as the Algarve, it has a temperate climate that is favoured by both surfers and families.
Investors will be keen to see if real estate on this coast will be as popular as that on the established Algarve. Seafront developments have just started to appear along the coastline, however it remains largely unspoiled. The area already has a number of golf courses in addition to the good beaches, both indicators of good rental yield opportunity. Prices at silver coast golf developments are currently much lower than their Algarve counterparts, although most lack their extensive facilities. Time will tell, but it seems that this region may not stay underdeveloped for long.
posted by Obelisk International at 12:25 pm
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