Property By The Beach In Portugal
Article By Portugal Residency Advisors - Official Legal and Residency Partner to KipperTree.
18 09 2023
Read the full article here.
Portugal’s coastal allure beckons property seekers with its picturesque beaches and charming seaside towns, and for those in search of affordable beachfront investments, Porto de Mós, Leiria stands out as the cheapest location to buy a property by the sea, starting from just €854 per square meter.
Why invest in a property by the beach in Portugal
High Demand
Portugal’s stunning coastline and beautiful beaches attract millions of tourists each year. Investing in a beachfront property can provide you with a steady stream of rental income from vacationers seeking a coastal retreat, especially during peak tourist seasons.
Potential for Capital Appreciation
Over time, beachfront properties in popular locations tend to appreciate in value, offering the potential for a profitable resale in the future. The continued demand for coastal real estate can drive property prices upward.
Attractive Lifestyle
Owning a beachfront property allows you to enjoy a relaxed and pleasant lifestyle by the sea. You can enjoy stunning ocean views, the sound of waves, and easy access to various water-based activities.
Diverse Rental Market
Portugal’s coastal regions appeal to a wide range of travellers, including families, couples, surfers, and retirees. This diversity in the rental market can increase your property’s rental potential and reduce the risk of vacancy.
Tourism Growth
Portugal’s tourism industry has been growing steadily in recent years. The government’s efforts to promote the country as a tourist destination, combined with its affordable and attractive coastal areas, contribute to the continuous growth of the rental market.
Cheapest locations to buy a property by the beach in Portugal
According to Idealista’s selling price advertisement from June 2023, Porto de Mós in the district of Leria is recognized as the most affordable location in Portugal to purchase a property by the beach, with a price per square meter of €854. This implies that a house with an area of 120m2 would cost €102,480.
The remaining two positions of the top three cheapest locations are as follows: Marinha Grande, with an average price of €995 per square meter, and Ovar, situated in the centre of Portugal, with a rate of €1,459 per square meter.
Here are the cheapest places sorted by the lowest price per square meter:
To find out more about the cheapest locations to buy a beachfront property in Portugal and information about the most expensive locations,
click here