Picture yourself walking down the charming cobblestone streets of Cascais, feeling the salty breeze from the Atlantic Ocean, and admiring the colorful buildings that make up this vibrant coastal town. Now imagine owning a piece of this paradise, a property that not only provides you with a stunning vacation home but also generates a steady income through real estate investment.
As a seasoned expat and real estate investor in Cascais, I can attest that this picturesque town offers some of the most unique and lucrative opportunities for those seeking a profitable investment in Portugal. From historic villas that date back centuries to modern apartments with breathtaking sea views, Cascais has it all.
Investing in this region is not only financially rewarding, but it also provides an opportunity for cultural immersion and a chance to experience the laid-back Portuguese lifestyle. Cascais is the perfect place to diversify your investment portfolio while enjoying the perks of owning a luxurious property in one of Portugal’s most sought-after locations.
In the upcoming articles, I will provide you with practical tips and insights on real estate investment in Cascais, including the legal aspects of investing, the best neighborhoods to invest in, and the potential returns of your investment. Join me on this journey to discover the hidden gems of Cascais and kickstart your real estate investment journey in one of Portugal’s most desirable locations.
Is Portugal a good real estate investment?
Are you considering investing in real estate in Portugal? Well, you’re not alone! Over the past few years, Portugal has emerged as one of the most popular European countries for real estate investment, attracting buyers from all over the world. And one of its most sought after locations is Cascais – a beautiful coastal town located near Lisbon.
The Portuguese Real Estate Market
Portugal’s real estate market has been growing steadily over the past decade, and has largely been unaffected by the global economic downturn. According to the Portuguese Real Estate Association, the market is expected to continue to grow at a steady pace in the coming years. This is largely due to a combination of factors, including a growing economy, a stable political environment, and an attractive tax regime for foreign investors.
Thanks to Portugal’s Golden Visa program, which grants residency to non-EU citizens who invest in the country, there has been a surge in foreign investment in Portuguese real estate. In fact, around 90% of real estate purchases in Cascais are made by foreign buyers.
Why Invest in Cascais?
Cascais is a picturesque coastal town located just 30 minutes from Lisbon. It boasts stunning beaches, world-class golf courses, and a charming historic center filled with cobbled streets, quaint cafes, and boutique shops. It’s no wonder that Cascais is considered one of the most desirable places to live in Portugal.
Furthermore, property prices in Cascais are still relatively affordable compared to other European cities. This means that there is potential for significant capital gains in the future, as well as the opportunity to generate a steady rental income.
Practical Tips for Investing in Cascais Real Estate
If you’re considering investing in real estate in Cascais, here are a few practical tips to keep in mind:
- Work with a reputable real estate agent who has experience working with foreign buyers.
- Make sure you understand the local property market and have realistic expectations about potential returns.
- Consider hiring a lawyer to help you navigate the legal aspects of purchasing property in Portugal.
- Take the time to research the different neighborhoods in Cascais to find the one that best suits your needs and budget.
Why is Cascais so expensive?
Cascais is a beautiful coastal town located just 30 minutes from Lisbon, Portugal. It is a popular tourist destination with its stunning beaches, picturesque scenery, and historical landmarks. However, it’s not just tourists that are attracted to Cascais. Real estate investors and expats are also drawn to the area, but why is Cascais so expensive?
Cascais has a prime location, which is one of the main reasons why it is so expensive. It is situated on the Lisbon coastline, just a short drive away from the capital city. The town is also close to the Sintra-Cascais Natural Park, which offers breathtaking scenery and a range of outdoor activities.
The location of Cascais means that residents have easy access to both the city and nature, making it an ideal place to live for those who want the best of both worlds. This, of course, comes with a premium price tag.
Cascais offers a high-quality lifestyle that is a major draw for expats and investors. The town has a vibrant cultural scene, with plenty of events, festivals, and exhibitions throughout the year. The food and drink scene is also excellent, with a range of restaurants, cafes, and bars to suit all tastes and budgets.
In addition to this, Cascais has a range of outdoor activities on offer, from surfing and windsurfing to hiking and cycling. The town’s beaches are also a major attraction, with their crystal-clear waters and golden sands.
The Real Estate Market
The real estate market in Cascais is highly competitive, with demand far outstripping supply. This has led to a rise in property prices in recent years, making it a challenging market for investors and expats to navigate.
However, there are still opportunities to be had for those willing to do their research and work with a reputable local agent. Properties in Cascais range from traditional Portuguese villas to modern apartments, with prices varying depending on location, size, and condition.
While it may be a challenging market to navigate, there are still opportunities for those looking to invest in this beautiful coastal town.
If you are considering a move to Portugal or investing in the real estate market in Cascais, be sure to do your research and work with a reputable local agent to make the most of this exciting opportunity.
Does Cascais qualify for golden visa?
If you’re considering a move to Portugal and are interested in investing in real estate, you may have heard about the Golden Visa program. This initiative offers residency permits to non-EU citizens who invest in certain types of real estate. Cascais, a coastal town located just a short drive from Lisbon, is a popular destination for expats and investors alike. So, does Cascais qualify for a Golden Visa?
Yes, Cascais qualifies for the Golden Visa program
If you’re interested in investing in real estate in Cascais, you’ll be pleased to know that the town qualifies for the Golden Visa program. This means that by investing in a property in Cascais, you may be eligible for a residency permit in Portugal.
It’s worth noting that there are specific requirements that must be met in order for your investment to qualify for the Golden Visa program. These include:
- The investment must be made in a property that is at least 30 years old or located in an urban regeneration area
- The property must be purchased for at least €500,000
- You must hold the investment for a minimum of 5 years
Additionally, there are other requirements that must be met in order to qualify for the Golden Visa program, such as having a clean criminal record and being able to provide proof of health insurance.
Why invest in real estate in Cascais?
Now that you know Cascais qualifies for the Golden Visa program, you may be wondering why you should consider investing in real estate in this town. Here are just a few reasons:
- Cascais is a beautiful coastal town with plenty of amenities and attractions
- The town has a mild climate, making it a pleasant place to live year-round
- Real estate prices in Cascais are generally lower than in Lisbon, making it an attractive option for those looking to invest in Portugal
- Cascais is located just a short drive from Lisbon, making it a convenient base for exploring the rest of Portugal and Europe
If you’re considering a move to Portugal and are interested in investing in real estate, Cascais is definitely worth considering. With its sunny climate, beautiful coastline, and Golden Visa eligibility, it’s no wonder that this town is becoming increasingly popular with expats and investors.
Just be sure to do your research and work with a reputable real estate agent to ensure that your investment meets all of the requirements for the Golden Visa program.
Is Cascais expensive to live?
If you are considering a move to Cascais, Portugal, you may be wondering about the cost of living in this beautiful coastal town. As an expat who has lived in Cascais for several years, I can say that it is not the cheapest place to live in Portugal, but it is also not the most expensive.
The biggest expense when it comes to living in Cascais is usually housing. The cost of renting or buying a property in Cascais can vary depending on the location, size, and condition of the property. However, in general, you can expect to pay more for housing in Cascais than you would in other areas of Portugal.
For example, a two-bedroom apartment in the center of town can cost around €1,500 per month. If you are looking for something larger or more luxurious, the prices can go up significantly. However, if you are willing to live farther away from the center of town or in a less desirable neighborhood, you can find more affordable housing options.
Food and Dining
The cost of food and dining in Cascais is generally reasonable. You can find a variety of restaurants and cafes that offer affordable meals, especially if you are willing to venture away from the tourist areas. Grocery shopping can also be reasonably priced, especially if you shop at local markets and smaller grocery stores.
The cost of transportation in Cascais is relatively low. The town has an extensive network of buses that can take you to neighboring towns and cities, and the trains are affordable and efficient. It is also possible to get around on foot or by bike, which can be a great way to save money while enjoying the beautiful scenery.
The cost of utilities in Cascais can vary depending on the type of property you live in and your usage. However, in general, you can expect to pay around €100-€150 per month for utilities such as water, electricity, and internet.
I’ve written extensively about Real Estate Investment. Explore more articles about it:
- Real Estate Investment Lisbon
- Real Estate Investment Porto
- Residency By Investment Programs
- Ronaldos House