Going for gold on the silver coast

Property prices on Portugal's Silver Coast are set to increase significantly over the next three years as the area evolves as an upmarket tourist destination...

Miguel Abreu, Managing Director of Quintas de Óbidos, a resort in the Obidos region of the Silver Coast, explains: "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.

"The beauty of 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."

Golden triangle

The Obidos region in particular 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.

And Knight Frank recently tipped the Silver Coast as an up and coming prime residential market to watch in its recent Wealth Report.

A championship golf course designed by Donald Steel is situated just 300 metres from the entrance of the resort where residents will receive special conditions for membership, green fees and buggy rental.

Source: www.qdo.pr

Picture: EveryStockPhoto