Buying property in the "Silver Coast" and / or in "Central Portugal" was currently popular with Dutch German etc., but until beginnig of 2006 not so much with the British and Irish property buyers.
The increasing demand is because properties are relatively inexpensive comparing to the Algarve and Lisbon and transport links to/from the UK and Ireland are getting better and cheaper to the Silvercoast.
Buying property in Silver Coast (Central Portugal & Lisbon Coast North side) offers superb beach holiday facilities with a great summer climate, great culture, architecture and history. Also, the "Silver Coast" is tipped to see significant capital property value rises in the coming years.
Buying property in Central Portugal offers good prospects for rental from both the local market and from holidaymakers, and with the potential of significant property price rises on the Lisbon Coast Portugal, this could be the ideal place to invest in a holiday home.
Buying property in Portugal still has great appeal as it has a benign tax system which allows avoidance of the worst effects of capital gains and inheritance tax and can put you in a lower tax band.
Portugal is an evergreen in the overseas property market. Build quality is high, property prices have grown a steady 10-15% per annum since the Millennium, and there’s a broad choice of property across the price range and country – within the Silver Coast the price grow within the following years will possibly reach the 25 – 35 %.
Why buy in the the "Silver Coast"
Property experts have been advising clients to look beyond the Algarve, with its pockets of overgrowing, and invest instead in homes 45 minutes' drive from Lisbon on Portugal's Silver Coast. Maddison says, "The Algarve used to be the most popular area. However, it is now rather overrun with Brits and over commercialized. In other words it is too popular now, with many of those looking to purchase in Portugal now looking elsewhere."
According to international property specialists the Silver Coast is now the up-and-coming area in Portugal. "Many Brits are selling up in the Algarve and moving up to the Oeste Region, which is located just north of Lisbon. This area is still very Portuguese, with farming the main source of income for the locals. It does not die in the winter because most of the locals are Portuguese. The cost of properties is so much cheaper than on the Algarve – so there is still room to make money in this area".
But what of the place itself? The Silver Coast ("Lisbon Coast" north) stretches from Porto down to Portugal's capital Lisbon and hugs the North Atlantic coastline; it is home to beautiful beaches, amazing cliffs, quaint fishing villages, lush rolling countryside and some of the most fascinating historic sites in Portugal. Here you can discover pretty villages and a real Portuguese way of life. Central Portugal is a particularly good bet for those with holiday lets in mind, thanks to the new A8 motorway which has cut journey times from Lisbon to the Silver Coast (Costa de Prata) considerably, opening the atmospheric towns of Caldas da Rainha and Obidos, and pretty villages, such as Peniche and Lourinhã, up to tourists and investors.
There is a wide range of property available on the SilverCoast. You can find traditional farmhouses in need of renovation, but there has also been a fair amount of developments popping up and luxury villas with pools and apartments in complexes are easy to find.
Access to the area is becoming even easier as more and more airlines now offer frequent flights to Lisbon.
All of this is now less than an hour drive from Lisbon International airport along the new A8 motorway, linking the vibrant capital of Portugal with historic Oporto in the North. As there is also a proposed new international airport to be located at OTA, this little known region is opening its doors to the outside world. For decades the Algarve has been the only realistic location for overseas buyers to enjoy the unique hospitality of the Portuguese, but prices there have put it out of reach for most. Now we are pleased to invite you to experience the heart of Portugal - the SILVER COAST - a secret we can all share.
Have a look on our Silver Coast & Central Portugal property portfolio