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Investing in the Silver Coast Portugal

May 20, 2008
Buying property in Silver Coast Portugal is currently popular with Europeans, but as of yet, not so much with the British property buyers. This is because properties are relatively inexpensive and transport links to/from the UK are getting better and cheaper to the Silver Coast.

Buying property in Silver Coast Portugal 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.

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 is a broad choice of property across the price range and country. The price grow within the Silver Coast in the following years will reach possibly the 25 to 35%.

Buying property in Silver Coast 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 Silver Coast Portugal, this could be the ideal place to invest in a holiday home.

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.

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 Portugals Silver Coast.

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.

What of the place itself?
The Silver Coast stretches from Porto down to Portugals 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.

The Silver Coast 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 considerably, opening the atmospheric towns of Caldas da Rainha and Turcifal, and pretty villages, such as Peniche, up to tourists and investors.

There is a wide range of property available on the Silver Coast. 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.

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. This little known region is opening its doors to the outside world.

A region for life
Exploring the tranquil towns, villages and countryside of this beautiful region will confirm to you that here is a place that genuinely has the best of both worlds. Whilst offering a life of rural calm amidst the spectacular scenery, at the same time it is perfectly equipped with access to all the modern facilities of transport, healthcare, education and leisure that make life a pleasure for all generations.

The Western Region enjoys entertainments and events throughout the year: concerts, art exhibitions, the Torres carnival - the most Portuguese event in Portugal, the Caldas da Rainha ceramics and fruit fairs, the Bombarral wine festival, Peniches Festas da Nuestra Senhora da Boa Viagem, the Montejunto popular festival (Cadaval), Alenquers Feira da Ascensao, festivals in Sobral, Monte Agraco and Arruda dos Vinhos, Feiras da Cebola e das Tasquinhas and hundreds more fairs, festivals and popular gatherings.

The region has many hotels with superb facilities and innumerable restaurants, bars and lively venues which ensure that one's first visit to the Western region is never the last.

For golf enthusiasts the Western Region is the new destination in Portugal. Golf Courses at Praia del Rey (18 holes)and Rio Maior (18 holes) are complemented by 9-hole courses at Consolacao and Porto Novo. The Bom Sucesso and Perola da Lagoa 18-hole courses are actually already under construction and the brand new project of the 18-hole course of Foz do Arelho, which will be the hugest should begin within the year 2008.

The natural abundance of the area is enhanced by beautiful fine-sanded beaches, where the sands shimmer like silver, at Santa Cruz, Porto Novo, Areia Branca, Sao Bernardino, Consolacao, Peniche, Baleal, Foz do Arelho and Salir do Porto. Local crafts can be found in Peniche, which is notable for its lace, and in Caldas da Rainha, which is one of the most important centres for ceramics in Portugal.

The new Peniche recreation centre is a base for water sports, with a haven of fishing and scuba-diving in Berlenga. Santa Cruz and Peniche (Supertubos beach and Lagide beach) are the places for surf lovers. The Obidos lake has sailing, rowing and windsurfing. Montejunto, Serrado Socorro and Santa Rita beach are the main locations for paragliding and hang-gliding. The Santa Cruz aerodrome, with its flying school, offers flights in light aircraft and gliders.

There are equestrian centres in the Hotel Golf Mar, in Marquiteira (Lourinha), in Atouguia da Baleia - at the Quinta das Tripas and the Quintas de Bom Sucesso - Lourinha, S. Sebastido - Arruda dos Vinhos, Quinta da Ferraria and Cortisada - Rio Maior.

A region for health
Healthcare facilities are modern and efficient and offer a good range of public and private services for all your requirements. In addition the region offers several thermal baths: Vimeiro (digestive system, circulatory system, respiratory system and skin), Cucos (metabolic and endocrine systems, rheumatics, muscular and skeletal systems) and Torres Vedras and Caldas da Rainha - the oldest in Europe (respiratory system, rheumatics, muscular and skeletal systems).

A region for Gourmets
Gastronomy in the region is rich and varied: there are many delicious pork dishes, oven baked kid, stewed rabbit with rice, celebrated fish stews, baked or boiled sea bream and rock bass from Peniche, eels and cockles from the Obidos lake and shellfish from the beds at Porto de Barcas (lagosta suada - sweating lobster - is a delicacy which can only be found in the Western Region).

The gastronomical influence of history is evident in trouxas de ovos, lampreias de ovos (sweet dishes made with eggs) and cavacas (light crisp cakes) from Caldas da Rainha, bean pies from Torres Vedras and paes de lo (sponge cakes) from Landal, Painho and Rio Maior. All are complemented by the taste and aroma of apples and pears.

The Western region is also one of the largest wine growing areas in Portugal and indeed the world. The area boasts full-bodied, aromatic red wines with excellent alcoholic content: the wines of the south (castas Camarate, Periquita and Tinto Miudo) are lively when young, intense yet well balanced and with an exquisite bouquet when aged.

The white wines of the north are deliciously fruity (castas Arinto, Fernao Pires, Vital). Out of this diversity, the wine-growing areas of Obidos and Alenquer, Arruda dos Vinhos and Torres Vedras were born in 1989. The region is also known for its light wines with lower alcohol content, and for the only DOC (controlled standard of origin) classified brandy in Portugal - Aguardente Vinica from Lourinha.

Hope to meet you soon in the Silver Coast of Portugal.
About the Author
Michael Hehn is the webmaster of http://www.silver-coast-properties.net, a site that offers a wide range of useful and helpful informations about the Silver Coast with more than 300 properties for sale. Visit his site for more informations.
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