| Portugal’s
Silver Coast region is often overlooked when property investors look at
property in Portugal. However, in reality, it is the heart of this fantastic
country and has so much to offer to both investors and holiday makers.
The
Silver Coast extends from Castelo de Paiva at the north end to Arruda dos
Vinhos in the south. It also has the largest motorway in the country, running
the length of the coast. Even those who do not directly visit the Silver
Coast are likely to be wowed as they pass through on their way from Lisbon
to Oporto.
Primarily,
the Silver Coast is made up of small, traditional fishing villages, although
as time goes by, more holiday resorts with new build apartments and hotels
are appearing along the previously untouched coast line. A classic example
of this is the village of Nazare, which has a wonderful sandy beach surrounded
by hotels and apartments, whereas further away from the beach, heading
up towards the hills, there are nothing but traditional fishing villages
and local residents.
Although
the name Silver Coast suggests that the entire region is made up of beach
resorts, there is, however, also a large amount of inland space which is
equally beautiful. Many rivers run through the Silver Coast area, which
keep the inland regions fertile and perfect for growing crops such as grapes,
fruit and rice.
The
great thing about the Silver Coast is the variety of different styles of
property that are available to purchase. At one end of the scale it is
possible to purchase a 700 square metre plot of land in order to develop
your own property, for less than 70,000 Euros. One of the best ways to
invest in the Silver Coast region is to look at the new build apartments
that are being developed across the country. By purchasing a new build
apartment with sea views, in a popular holiday resort, investors can make
the most of the long summer season and the positive tourist market. New
build apartments are available from as little as 100,000 Euros and very
few sell for more than 250,000 Euros.
Modern
tourists were not the first to discover the beauty of Portugal’s Silver
Coast; the Portuguese royal family regularly visits the ancient city of
Leiria which is very close to Lisbon. This beautiful city makes a perfect
retreat for the family, as it acts as a good base in order to visit the
impressive abbeys of Batalha and Alcobaca.
For
those in search of a bit more action, there is the famous resort of Figueira
de Foz, which is still one of the most important towns. It was the ancient
capital of Portugal, although these days it is better known for its enormous
casino!
These
well developed areas are an excellent investment for those looking for
instant rental and good long-term prospects. It is also a reasonably safe
prospect as these regions have had considerable government investment,
in order to ensure their success. However, those investors who are looking
for a bargain may be better off considering under-developed areas and small
villages where the really cheap properties can still be found. Of course,
this approach is higher risk, but there is the possibility of huge capital
gains.
Whatever
you are looking for as a property investment, Portugal’s Silver Coast is
bound to be able to come up with something to suit you. So get in there,
before you get priced out of this booming region!
Article
Source: http://www.articlecube.com
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