Cascais, a charming coastal town located just 30 kilometers west of Lisbon, is one of Portugal’s most popular destinations for both tourists and expats looking for a relaxed, high-quality lifestyle. With its stunning beaches, historic sites, excellent cuisine, and wide range of entertainment options, Cascais offers something for everyone.
One of the biggest draws of Cascais is its cascais property market, which has experienced steady growth in recent years. From historic villas to modern apartments, there are plenty of options for those looking to invest in the area. In this blog post, we will explore why Cascais is a great place to buy property and what makes it such an attractive investment opportunity.
Location, Location, Location
First and foremost, Cascais’ location is unbeatable. Situated on the coast, it offers easy access to some of Portugal’s most beautiful beaches, including Praia do Guincho and Praia da Cresmina. It is also just a short drive away from the scenic Sintra-Cascais Natural Park, a UNESCO World Heritage Site known for its lush forests and stunning views.
But Cascais’ appeal goes beyond its natural beauty. The town is just a 30-minute drive from Lisbon, which means residents can easily access the capital’s world-class amenities, including its international airport, museums, and cultural attractions. For those who want to escape the city, Cascais offers a peaceful retreat that is still close enough to everything Lisbon has to offer.
Diverse Property Options
Another reason why Cascais is such an attractive investment opportunity is the wide range of property options available. Whether you’re looking for a historic villa or a modern apartment, you’ll find it in Cascais. There are also plenty of options for those looking to invest in commercial property, such as shops and restaurants.
One of the most sought-after types of property in Cascais is its historic villas. These properties are often located in the town’s older neighborhoods, such as the charming Old Town or the upmarket Monte Estoril. Many of these villas have been lovingly restored to their former glory, featuring period details such as tile work, stucco, and wrought-iron balconies. These properties are highly coveted by both locals and expats, and they offer a unique opportunity to own a piece of Cascais’ history.
For those looking for something more modern, there are plenty of new developments in the area as well. Many of these properties offer all the amenities you would expect from a modern apartment, such as swimming pools, gyms, and underground parking. Some developments even offer stunning sea views, making them an ideal choice for those who want to enjoy the best of both worlds.
High Rental Demand
Another reason why investing in property in Cascais is such a good idea is the high demand for rental properties in the area. With its stunning beaches, excellent cuisine, and wide range of entertainment options, Cascais is a popular destination for tourists from all over the world. This means that rental properties in the area are always in demand, and investors can expect a steady stream of rental income.
There is also a growing demand for long-term rental properties in Cascais, particularly among expats who are looking for a high-quality lifestyle. With its excellent schools, low crime rate, and welcoming community, Cascais is an ideal place for families looking to relocate. This means that there is a strong market for long-term rental properties, which can provide investors with a reliable source of income over the long term.
Stable Property Market
Finally, one of the biggest advantages of investing in property in Cascais is the stable property market. Despite the global economic downturn caused by the COVID-19 pandemic, property prices in Cascais have remained relatively stable, with only a slight decrease in some areas. This is partly due to the fact that the Portuguese government has implemented several measures to support the property market, including tax incentives for investors and reduced stamp duty rates.
Furthermore, Cascais’ property market is less volatile than many other European markets, such as London or Paris. This means that investors can be confident that their investment will hold its value over time, making it a smart long-term investment.
In conclusion, Cascais is a fantastic place to invest in property. Its unbeatable location, diverse range of property options, high rental demand, and stable property market make it an attractive investment opportunity for both locals and expats alike. With its relaxed coastal lifestyle, excellent amenities, and stunning natural beauty, Cascais offers a high-quality of life that is hard to beat.