Last updated on April 18, 2024 | Est. Reading Time: 2 minutes
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Discover the untouched beauty and rich history of Castro Marim, a charming medieval town nestled along the picturesque banks of the Guadiana River in the Eastern Algarve. This hidden gem offers a unique selection of properties, from traditional townhouses to modern villas, all set against a backdrop of rolling hills, lush countryside, and the stunning natural reserve of the Castro Marim Marshlands.
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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.
Step back in time and immerse yourself in the rich history and culture of Castro Marim, a picturesque village nestled in the eastern Algarve. With its ancient castle, cobblestone streets, and traditional whitewashed houses, Castro Marim is a haven for those seeking a new life in an authentic Portuguese town.
Explore the fascinating attractions that make this town so unique, from the medieval Castle of Castro Marim, which offers breathtaking views of the surrounding countryside, to the salt pans that have been in use since Roman times. Discover the local festivals and markets, where you can sample delicious regional specialties and mingle with friendly locals.
One of the greatest appeals of Castro Marim is its charming, laid-back atmosphere. Far from the bustling crowds of the more touristy areas, this village offers a peaceful and intimate setting where you can truly unwind and enjoy the simple pleasures of life.
But don’t let the tranquil ambiance fool you – Castro Marim is also ideally located for those who want to explore the best of the Algarve. The beach at Monte Gordo is less than a 15-minute drive. Castro Marim is also conveniently close to the Spanish border, as well as popular towns like Faro and Vila Real de Santo António, and the Faro International Airport.
When it comes to properties for sale in Castro Marim, there’s something to suit every taste and budget. From cozy townhouses nestled in the heart of the village to spacious apartments with modern amenities and houses with land offering plenty of room to grow, the options are endless.
Whether you’re looking for a permanent home, a holiday retreat, or an investment opportunity, Castro Marim has it all. With its unbeatable combination of history, culture, natural beauty, and prime location, this enchanting village is the perfect place put down roots in the Algarve.