According to ‘The Independent’ newspaper, “Portugal’s Silver Coast offers value and beaches that are quieter and more Portuguese. New-build resorts promise to bring new interest and cachet to a region, and prices are predicted to double over the next five years.”
The Silver Coast is the northern region of Lisbon and represents the next big opportunity in a real estate market that has seen unparalleled investment in Portugal. This area has some of the most beautiful beaches, international award-winning golf courses, vineyards and surfing in the world. Just 35 minutes from Lisbon airport and under an hour to downtown, the Silver Coast is seeing rising values with new investments in high quality housing as well as attractions such as the largest Jurassic Theme Park in Europe (Lourinha Town). Prices have risen at a sustainable 6% to 8% pa and the quality of construction and amenities is becoming increasingly chic and world class. As well the new theme park, the area can boast 3 world renown golf courses (Praia del Rey – top 100 courses; West Cliffs – the best new golf course in the world; Royal Obidos – the last signature course of Ballesteros). Additionally there is best in class medical facilities (CUF in Torres Vedras), an international school and one of the 3 brandy regions in the world (Lourinha Aguardente). And yet, it maintains the traditional charm of old Portugal with farmers market, fertile fruit and vegetable farms and authentic sea food restaurants.
Many clients are now looking outside of Lisbon to areas where they can get more bang for their buck and potentially spend time there. The Silver Coast, is without a doubt, a lifestyle destination, not dissimilar to what Cape Town offers by way of seaside living, relaxed atmosphere and an abundance of outdoor activities. Whilst only being an hour from Lisbon City, the area offers that sense of peace and seclusion, whilst still having the amenities, such as schools, hospitals, shops and eateries that one would expect from a town. The price point makes this market interesting, especially for Golden Visa clients where by, they can purchase 2 properties for the price of one in Lisbon, allowing the opportunity to rent one out and keep the other for personal or family use.
From an investment point of view, the Silver Coast stacks up. Knight Frank mentioned in in their recent Wealth Report , where they stated “For growth potential, look to locations with international interest and good transport and supporting infrastructure for example.. Silver Coast, Portugal.
For more information on what is available on the Silver Coast, speak to a consultant at Hurst & Wills by calling +27 (0) 87 012 5281, or email email@example.com