Investors eye portugal’s ‘golden triangle’

A barely known region of Portugal is apparently emerging as a new property hotspot.

According to Miguel Abreu, Managing Director of Quintas de Óbidos, the Obidos region – part of Portugal’s Silver Coast - is emerging as a hotspot. Labelled ‘the Silver Coast’s golden triangle’, the area comprises around 3,000 hectares (7,400 acres) and is set to have four championship golf courses in two years time, as well as an international standard equestrian Centre within one year.

Mr Abreu enthused: “The beauty of Obidos and the Silver Coast is that it has undergone strict local planning policies which means that it will not be over developed, ensuring that supply and demand will remain equally balanced. It benefits from a high level of seclusion, with thousands of acres of unspoilt countryside, yet is in close proximity to Portugal’s bustling capital, Lisbon, with its international airport, which is only ¾ of an hour away.”

Prices rising steadily

mr Abreu added: ”Property prices on Portugal’s Silver Coast, which are on average thirty percent lower than the Algarve, are set to increase significantly over the next three years, as the area evolves as an upmarket tourist destination. Indeed, Knight Frank tips the Silver Coast as an up and coming prime residential market to watch in its recent Wealth Report.*

“Over the last few years, capital growth has remained consistent in Portugal. On the Silver Coast in particular, prices have risen steadily, yet they are still much lower than the Algarve. A lot of public money has been invested into the area, and a number of high quality developments are evolving, therefore prices are more than likely to rise significantly".