Last updated on May 29, 2024 | Est. Reading Time: 2 minutes
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Discover the hidden gem of Portalegre, a charming city nestled in the heart of the Alto Alentejo region. Invest in a traditional house or a modern apartment and enjoy the city’s rich cultural heritage, vibrant community, and stunning natural surroundings. With its historic castle, beautiful tapestries, and nearby natural parks, Portalegre offers a truly authentic and fulfilling Portuguese lifestyle.
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Color Wheel Information
Color Meaning for Price and Price m²
The BuyProperty Color wheel compares prices from other properties in the same location with the same characteristics and represents prices using our color coding mechanism.
Property is 20% less than average price
Property is 20% above or below average
Property is 20% more than average price
Color Meaning for Rental Rate Yields
We compare properties in the same area with the same characteristics with properties on popular rental websites then combine average rate for the entire year. We multiply the average rental rate by the occupancy to find the estimated yield for each property.
Yield for this property is over 5%
Yield for this property is 3-5%
Yield for this property is below 3%
Holiday rental rates shows average throughout the year. Rate will be more during the summer and less during winter in general. Estimates are based on properties being refurbished as some properties in disrepair will not be able to get rates listed.
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This opportunity is ideal for those seeking to save or generate income while purchasing property in Portugal, whether it's for personal use or on behalf of others.
How do we calculate the distress level of each property?
A distressed property typically belongs to a bank or is set for a government auction. Buyproperty extends this definition by providing a distress and stress percentage for each property across Portugal. Properties in bank ownership or scheduled for government auction receive a distress rating of 100%. Moreover, Buyproperty evaluates the stress level of all other properties using 27 unique data points. These points consider factors such as the length of time the property has been on the market, the frequency of price reductions, the property type, and whether the local area is facing price declines, among others.
Portalegre, a charming city located in the heart of Portugal’s Alentejo region, is a hidden gem that offers a unique blend of history, culture, and natural beauty. With its rich Baroque architecture, fascinating industrial heritage, and picturesque surroundings, Portalegre is an attractive destination for those seeking an authentic experience of Portugal.
Living in Portalegre not only offers the chance to own a piece of this charming city’s history but also provides an opportunity to experience a more authentic version of Portugal. Far from the bustling tourist hotspots, Portalegre allows residents to immerse themselves in the laid-back lifestyle and warm hospitality that characterize the Alentejo region.
For those looking to invest in property, Portalegre offers a range of options, with houses being the most common type of property available. Some of these properties may require renovation or a little tender loving care, presenting an excellent opportunity for buyers to create their dream home while benefiting from the region’s affordability. The inland Alentejo is known for providing excellent value for money, making it an attractive option for those seeking to stretch their budget further.
With its stunning natural surroundings, including the nearby São Mamede Natural Park, Portalegre is a perfect base for experiencing the untouched beauty of rural Portugal.