Why has real estate in Portugal become so attractive to buyers?

Rising house prices in Portugal

Housing prices in Portugal have been rising rapidly since 2014. According to the National Institute of Statistics (INE), by the end of 2021, residential real estate values have increased by almost 50% compared to levels recorded five years ago. This makes Portugal one of the countries with the largest increase in house prices in the last decade.

Despite this, housing in this country is still relatively affordable. According to the latest information from the Ministry of Finance, about50%residential properties in Portugal can be purchased for less than50 thousand euros. Most of these offerings are located in less densely populated inland areas and islands, making up .96%Of the total number.

List of municipalities

Idealista has recently published a list of municipalities where homes can be purchased at relatively low prices, as well as the most expensive places to buyreal estate in Portugal. We will take a closer look at those regions where the average cost per square meter does not exceed200 euros.

Fornos di Algodriz

One of the unparalleled places is Fornus di Algodrish, a small town with a population of approx.5.4 thousand peopleThe city is located in the central part of the district of Guarda. Although the city is in the center of the country, major cities such as Lisbon and Porto are only a short drive away.two hours. Convenient transportation links including train and bus stops make it easily accessible.

Fornos di Algodriz is surrounded by stunning natural scenery, being located on the slopes of picturesque mountains, which greatly increases its appeal to tourists. The region is considered rich in historical and cultural antiquities:

• dolmens
• Roman bridges
• necropolises
• ancient churches and chapels

Locals and travelers enjoy hiking the scenic trails and exploring the many tourist attractions.

Infrastructure

The town has enough infrastructure to meet the daily needs of residents, so there is no need to travel outside. Fornos di Algodriz offers locals:

• polyclinic
• school
• pharmacies
• grocery stores
• markets
• department stores
• restaurants

This provides a comfortable place to live.

Serra da Estrela cheese and fairs

It is important to note that this city is famous for producing the famous cheeseSerra da Estrela. This traditional product is popular not only in the country itself but also abroad. Sheep farming, which supports cheese making, plays a significant role in the economy of the region, contributing to its sustainable development. In addition, the town hosts a fair every two weeks on Mondays where local farmers offer their goods for sale.

Cernancel

Another significant municipality is Sernancel, a small town with a population of approx.5,000 peopleLocated in the picturesque hills in the northern part of Viseu County. The main attractions are centered on the central square, where the magnificent Catholic Church stands. It is also home to the Order of Malta and many fine houses that historically belonged to local counts and barons.

Conclusion

Portugal thus offers a variety of affordable housing options, as well as a rich cultural heritage and magnificent natural beauty. This makes the country attractive to locals and travelers alike, presenting an attractive corner of Europe for a new life and vacation.

Historic castle and its surroundings

A magnificent medieval castle is located near the central area of the city, which provides visitors with a stunning view of the surrounding area. Citizens and tourists will not need to spend a lot of time traveling for their daily tasks, as the area has all the necessary establishments.

• Medical services
• Police station
• Financial institutions
• Various stores
• Supermarket
• automobile workshops
• Lots of gas stations
• Restaurants
• Hotels
• Nightclubs

Soup Festival

Notably, the city regularly hosts soup festivals, which allow locals and visitors alike to learn about the culinary traditions of the region, as well as immerse themselves in local culture and craftsmanship. More information on real estate, investment opportunities and immigration can be found on specialized channels on the messenger Telegram.

Vila Flor

Vila Flor is a municipality of about 7,700 inhabitants located in the north of Portugal, in the district of Bragança. In 1286, King Dinis, enchanted by the beauty of the surrounding landscape, gave the place the name Vila Flor, which means “village of flowers”.

The Douro River flows through the region, offering incredible opportunities for water activities and fishing. The city is famous for its rich historical heritage and many medieval architectural monuments.

The locals of Figueira are known for their kindness and tradition of large-scale celebrations, including carnivals. They enthusiastically celebrate the arrival of spring by dressing up in colorful outfits and singing songs in the streets.

The infrastructure of this city is diverse and multifunctional:

• pharmacies
• medical institutions
• educational institutions
• banks
• libraries
• pools
• numerous stores and supermarkets

Tax incentives and housing affordability

The city council provides tax incentives to newcomers for a period of ten years. Almeida is considered one of the most affordable cities to buy a home in Portugal. It is a municipality with a rich past, located in the capital of the district of Guarda, in the central part of the country.

The territory of Almeida is spread over a plain in the valley of the Cua River, where about seven thousand people live. The main attraction of this area is the fortified citadel, which has the shape of a hexagon. Inside the citadel is the city center.

Historic Preservation and Transportation

Due to its location close to the Spanish border, this small town has historically played a protective role for Portugal, successfully repelling many attacks from neighbors over the centuries.

You can get to Almeida from the ports or the capital by going to Vilar Formoso station and then changing to a bus. International trains bound for Madrid and Paris stop at the Vilar Formoso station.

Infrastructure and economy

Almeida offers everything you need for a comfortable life:

• stores
• pharmacies
• banks
• medical institutions
• parks
• cafe
• museums
• libraries

The economic structure of the region is mainly based onagricultureand developmenttravel services.

Advantages and disadvantages of living in the countryside

Undoubtedly, life in the countryside has its downsides, especially for those who are used to the fast pace of big cities. However, there are also advantages: the picturesque nature and the measured rhythm of village life create a unique atmosphere.

These villages cannot be called abandoned, as they have everything necessary for a simple and peaceful life.

Real estate in Europe

In Europe, you can find other regions with affordable real estate, both in Portugal and in countries like Italy and Finland. If huge megacities are not part of your plans, purchasing property in such places can beinterestinganda profitable investment.

Sources of information include a variety of articles and studies that provide a deeper understanding of market trends in the real estate sector.

Conclusion

In conclusion, it is worth noting that the real estate market in Portugal continues to show steady growth, which, despite its advantages, still offers affordable options for buyers. As we have seen, existing data indicates a significant increase in housing prices since 2014, but there are still municipalities in the country where the cost per square meter does not exceed €200, making these regions attractive for those seeking affordable housing without compromising on quality of life.

Familiarizing oneself with places like Fornush-di-Algodrish, Cernanselhi, Vila Flor, and Figueira de Castelo Rodrigo reveals that Portugal offers not only stunning landscapes and cultural traditions but also the possibility of comfortable living. These towns, with their developed infrastructure and rich historical heritage, can be an ideal choice for both real estate investments and for those looking to relocate here permanently.

Economic aspects

It is also important to note that the local economy, supported by products such ascheese "Serra da Estrela"andolive oil...as well as the organization of various cultural events, is no longer solely the concern of central cities, inspiring residents and migrants to create diverse communities.

Why should one consider Portugal?

All of this makes Portugal an interesting destination for living, investing, and tourism. Instead of following the crowds, it's worth paying attention to lesser-known but equally appealing places that can offer tranquility, quality of life, and a connection with nature.

In conclusion, I hope this information will be useful for those considering the possibility of purchasing real estate in Portugal.The country is opening its doors.and offers numerous opportunities for living and working, while preserving its unique culture and authenticity.