Updated: February 6, 2023
As the perfect place for expats in Portugal to settle, the Silver Coast really does have it all. While the Algarve regularly steals the limelight when it comes to the sun and the beaches, the Silver Coast is somewhat overlooked. Portugal Silver Coast real estate is more affordable than properties in the south and the region is no less beautiful, with some of the most spectacular landscapes in Portugal.
The Silver Coast or Costa de Prata is known for its historic towns, local lifestyle, breathtaking beaches, and long, rugged coastline. In this article, we’ll delve into this region of Portugal – why this is the perfect place for expats in Portugal, the state of Silver Coast real estate, and the practicalities of buying here.
Our article Real Estate in Portugal provides you with everything that you will need to know before you buy property in Portugal.
The Silver Coast – an overview
The exact definition of the Silver Coast (Costa de Prata) is often contested. However, most agree that it begins north of Lisbon and extends 150 kilometers north up the coast beyond Nazaré. The Silver Coast offers a rocky coastline, sandy beaches, and a stretch of picturesque coastal towns. Each town or village provides its own unique quirkiness and local traditions.
Still relatively undeveloped, in comparison to the Algarve, it’s most notable for the huge waves at Nazaré, which big wave surfers flock to all year. Alongside the dramatic coastline and picturesque beaches, the Silver Coast also belongs to rural Portugal. If you love the outdoors, you will easily be able to live an active life as you can be outside all year due to the mild climate.
The Silver Coast is perfectly situated to move around the country. By car, it’s just over an hour north-west of Lisbon and two and a half hours south of Porto, the beautiful, historic city in the north.
Portugal Silver Coast real estate
Portugal Silver Coast real estate: Property prices
Properties on the Silver Coast are more affordable than in other areas in Portugal, such as Lisbon or the Algarve and you will find many a new development or old townhouse to invest in. To give you some idea of the property prices in Nazaré, the average asking price to buy property in 2020 was €1,277/m2, and, in Peniche, this figure stood at €1,087/m2. The average asking price to buy property in Óbidos was also a little more expensive, standing at €1,419/m2 in 2020, while a cheaper option would be Torres Vedras, which saw average prices of €1,059/m2.
The average asking prices in 2020 for the Silver Coast region varied from €698/m2 in Pombal to €1,544/m2 in Mafra.
The following provides you with some up-to-date information from 25 August 2022 on the Silver Coast prices and market information (Source: Casafari Europe Ltd):
Portugal Silver Coast real estate: Investment opportunities
While the above details the property prices on the Silver Coast, the region presents very attractive investment opportunities. The Silver Coast started to become popular in the late 1990s, with overseas buyers first becoming aware of the beauty of the region. This coincided with the construction of the A8 motorway that was built between Lisbon and Óbidos, making raveling around the area much easier.
The cost of living offers exceptional value, and this is why the expat community has grown over the years. You should be able to find solid investments and properties at very reasonable prices. With the increase in working from home, the Silver Coast also provides key advantages in the modern day and age.
Portugal Silver Coast real estate: Luxury properties
The Silver Coast has it all when it comes to luxury properties, from modern houses with Atlantic Ocean views to spacious villas. As the Silver Coast also includes some of rural Portugal, you will even have the opportunity to find renovated farms which could be good investments with tourism potential.
If you are looking for the crème de la crème, you will be able to find modern penthouses with views of the Atlantic Ocean. If a penthouse is what you are after, our article on Top Areas to Find a City Penthouse in Portugal provides a rundown of other prospective locations.
Luxury properties are obviously going to cost much more, depending on the property size and additional facilities. A private gym, swimming pool or private security will up the price. Bear in mind, however, that, although prices are continuing to increase in Portugal, prices remain more affordable than in other European countries. With beautiful properties, outrageous views, and a relaxed way of life, the country has much to offer homebuyers and investors.
Portugal Silver Coast real estate: Where to buy
The Silver Coast has so much variety for those choosing this stunning region to live in Portugal. From coastal gems, such as Nazaré, Peniche, and Ericeira, to the historic city of Coimbra, the region boasts a diverse range of prospective locations. Not as popular as the Algarve, you will also be able to enjoy a typical Portuguese lifestyle.
Choosing the perfect Portugal Silver Coast real estate will depend on what you are looking for. Here, we provide you with a rundown of some of the most stunning locations – think beautiful scenery or cityscapes, a top cuisine, and your own corner of tranquility in the Iberian Peninsula.