As perhaps the most well-known town along the Silver Coast of Portugal, Nazaré is a real gem. While the big waves lure in surfers, Nazaré Portugal real estate is also bringing in home buyers and investors, who are choosing to settle in this picturesque town steeped in tradition and Portuguese culture.
What makes Nazaré so special?
The swanky seaside town has already proved itself as a top holiday destination – beloved by tourists and locals alike. The breaking waves, the historic landmarks, and the quaint grind of daily life each are qualities that keep people coming back. Living in Portugal, Nazaré is a splendid option to consider, perched next to breathtaking views of the Atlantic.
The town’s famous waves are only one aspect of the town’s rise in popularity. You have many historic attractions close at hand, from the picturesque streets of Óbidos, with its impressive castle, to the Alcobaça Monastery. Established in 1153 by the first Portuguese king, Afonso Henriques, the Monastery is one of the first and finest examples of Gothic architecture in Portugal.
The town of Nazaré is, at its heart, a historic fishing village. Fishermen still religiously dry their catch in the sun, and their wives can be seen wearing the traditional 7 skirts during festivities. Expats in Portugal are often in awe of the beauty of the Silver Coast, and Nazaré is a prime example as to why this is the case.
Nazaré Portugal real estate – investment opportunities
The asking price for a villa in Nazaré stood at €1,277/m2 in 2020. For investors, real estate in Nazaré Portugal is an attractive buy. As the seaside town is a hotspot for tourists in the summer, you should have no qualms renting out your property. Even in the winter months, the surf and quiet of the area still bring in a promising footfall.
The Portugal Golden Visa
What’s more, some of the surrounding areas of Nazaré will also be a viable Portugal Golden Visa option following the changes that will unfold from 1 January 2022. Portugal is amongst the countries that offer residency-by-investment through the Golden Visa scheme. This is particularly attractive as it provides investors with an entryway into the EU.
However, there are changes that will come into play on 1 January 2022. This will mean that investing in real estate in high-density areas will not qualify. This includes Lisbon, Porto, the Algarve, and many coastal areas.
The thought process behind this was to spur greater development in the interior of the country. While some coastal towns, including Nazaré, will no longer be eligible, you should be able to find real estate in the surrounding area that is a good option for you.
For the Portugal Golden Visa real estate option you need to make an investment in new or used properties from €500,000 across Portugal. This price decreases to €280,000 in low-density areas. These are defined as having 100 inhabitants or less per square kilometer or a GDP that is 70% or lower than the national average.
While some areas in the Silver Coast will also no longer be eligible, many beautiful areas will still qualify. In the next few years, the Silver Coast will likely increase in popularity and instigate more development into the area, due to increased interest.
Nazaré Portugal real estate – luxury properties
While Nazaré is well known as a top surf spot, on the global stage, real estate in Nazaré is also making waves – including luxury properties. There are many different types of properties in Nazaré, many with breathtaking views of the Atlantic Ocean. Prices are inevitably more expensive the more facilities you are after. For example, a villa with a swimming pool, private gym, and security will increase the price.
However, property in Portugal – especially outside Lisbon- is relatively cheaper when compared with other European countries. You may be able to find a very good deal. Our new book, Your Expert Guide to Buying Property in Portugal runs over the art of negotiation and also provides an overview of the key regions for properties, including Nazaré and the Silver Coast. If you are looking to live in Portugal, the book provides insider knowledge of the moving process and points of consideration.
A history of Nazaré
As with much of Portugal, Nazaré has a rich history and traditions that can still be seen today. The name “Nazaré” is the Portuguese name for Nazareth. The name is believed to have come from a small wooden statue of the Virgin Mary. This was brought by a monk in the fourth century from Nazareth in the Holy Land to Mérida, in western Spain. After this, it was brought to the seaside town, that is now called Nazaré, in 711 by another monk, Romano. He became a hermit and, after his death, was buried in the grotto where he had lived.
The first church was built over the grotto, to commemorate the miraculous intervention by the Virgin Mary, which saved the life of the 12-century knight, Dom Fuas Roupinho, while he was out hunting, famously referred to as the “Legend of Nazaré”. The Church of Nazareth, perched on the rocky outcrop, was noted in sailors’ manuals as an important landmark.
In 1377, a new, larger church was founded by King Fernando I of Portugal. This was later transformed completely between the 16th and 19th centuries. The Sanctuary of Our Lady of Nazaré is a fine example of the baroque, with magnificent tiles on its interior. The history of Nazaré can still be felt in the town, where there is a special, timeless feel to some of the streets. The waves lapping the shore have been doing so for time immemorial, adding to Nazaré’s unchanging nature.
Lifestyle in Nazaré
The surf, the cuisine, the culture, the laid-back daily grind, there are many reasons why expats in Portugal and locals flock to Nazaré. Nazaré is a quaint fishing town – one of the main secrets to its incredible and healthy cuisine. What could be more enticing than enjoying fresh fish, straight from the ocean, accompanied with a glass of vinho verde (green wine) and views of the sparkling sea?
The seaside town is rich in traditions, catching the eye of photographer Cartier Bresson and film director Stanley Kubrick in the 1950s and 1960s. Kubrick documented the lives of locals, noting the traditional seven-layered skirts of the women and the men’s flannel shirts. Traditionally, the skirts were meant to keep the women warm as they awaited their husband’s return to shore after a long day fishing. Given the steady influx of tourists, the locals are very welcoming of visitors and will go out of their way to help you.
The cost of living is generally very good, even by Portuguese standards. Those looking for fine dining experiences will be able to find a Michelin-starred restaurant and many other enthralling eateries. Many pride themselves on local ingredients and Portuguese fare.
It is very easy to live an active life in most of Portugal, and Nazaré is no exception. With many watersports, hiking opportunities, and yoga retreats, you are well catered for. There are also many exceptional golf courses in the vicinity, for golf fanatics.
Beaches in Nazaré
It would be a crime to not mention the surfing scene in Nazaré. Big wave surfers come from the world over to chase the perfect wave, and surfers can be seen hopping in and out of the water across the coast here. Surfing brings the crowds these days, particularly with the competitions that take place on an annual basis. These include the Nazaré Challenge (World Surf League’s Big Wave World Tour) and the Nazaré Pro (bodyboarding world circuit). Settle down with a nice hot coffee and watch the nerves of steel of the surf community.
Although Praia do Norte, Praia da Vila, Praia do Salgado and Praia do Sul are frequented by surfers, beachgoers also enjoy the beaches and the waves. Indeed, these beaches are the perfect relaxation therapy.
Climate in Nazaré
In the summer months in Nazaré, it is warm, dry, and clear. The winters, however, can be cold, windy and the region is prone to rainfall. Over the year, the temperature typically falls between 45°F (7°C) and 77°F (25°C).
Goldcrest – your helping hand to secure your dream property
Buying a property is a considerable lifetime investment and is tricky even in your own country. From sourcing through to property acquisition it is a godsend to have a real estate professional in your corner that knows the ropes and the tricks of the market.
Goldcrest has many years of experience working with clients. What sets us apart is that we focus completely on the needs of our client, whether you are looking to retire in Portugal, get a foothold in investing in the property market here, or moving to Portugal as a family.
We would be happy to discuss your needs and how we can work together to attain your dream home or perfect property investment. Book a call here with one of our Goldcrest advisors.
For an overview of everything that you will need to know before you buy, you can see our article here.