Why This Portuguese Town Is Europe’s Hidden Gem For Real Estate Investment
In the northern reaches of Portugal, along the mouth of the Minho River that delineates the border with Spain, lies Caminha. This small town is quickly becoming Europe’s premier destination for savvy real estate investors and appeals to those seeking a calm, natural existence. Furthermore, Caminha’s proximity to some of the most envied beaches on the Atlantic adds to its attractiveness. It also provides residents and visitors with unending access to water views.
An Ideal Location for an Investment in Real Estate
The value and growth possibilities that Caminha provides distinguish it as a top investment location. According to a recent report by International Living, Caminha ranks as the best place to invest in European real estate. It has a perfect score in the relative value category. Additionally, it has high marks for quality of life and stability. Yet, despite these draws, Caminha’s real estate market remains affordable. Compared to the soaring prices in Portugal’s more renowned regions, such as Lisbon and Algarve, Caminha fares extremely well.
The town’s strategic location, just an hour and 15 minutes south of Porto and its international airport, is a positive for investors and homebuyers. In Caminha, potential buyers can find downtown apartments starting at a low $150,000 and standalone houses for $280,000, which are increasingly rare in today’s market.
What to do in Caminha
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Caminha’s streets, adorned with characteristic Portuguese houses and colorful azulejos (or ceramic tiles), showcase its history. One of its most striking landmarks is its medieval clock tower. This proud symbol of the town’s past stands tall in the town square. And, despite its small size, Caminha has a cultural scene that rivals larger cities. Art galleries showcase the works of local artists, while theaters host performances ranging from traditional folk music to contemporary plays.
The town’s calendar has festivals and events celebrating everything from gastronomy to religious traditions. Such festivities provide visitors ample opportunities to experience the local culture. Caminha also has beaches that run down the coastline. Visitors can relax in the sun or have a refreshing swim in the Atlantic’s crystal-clear waters. As a plus, the Ecopista do Rio Minho, a cycling and walking track that follows the path of the Minho River, provides views of the countryside.
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