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!
