Last updated on April 18, 2024 | Est. Reading Time: 2 minutes
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Lagoa offers a diverse range of real estate options, from traditional apartments to luxurious villas, all within easy reach of some of the most beautiful beaches and natural attractions in the region. Take advantage of Lagoa’s prime location, with easy access to world-class golf courses, such as the renowned Vale da Pinta and Gramacho courses, as well as the stunning hiking trails and nature reserves of the nearby Monchique mountains. Whether you’re seeking a cozy apartment close to the town centre or a spacious villa with a private pool and lush gardens, Lagoa has the perfect property to suit your needs.
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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.
Lagoa offers the perfect blend of inland tranquility and coastal allure. While not directly on the coast, Lagoa is just a short drive away from some of the most stunning beaches in the region, including Praia da Marinha and Praia da Benagil. These breathtaking stretches of sand and sea are renowned for their crystal-clear waters, dramatic rock formations, and picturesque coves, making them a must-visit for beach lovers and nature enthusiasts alike.
As an inland town, Lagoa provides a slightly more authentic Portuguese experience compared to the coastal areas. The town itself is home to a larger proportion of Portuguese residents than the coast, allowing for a deeper immersion into the local culture and way of life. However, the area also boasts a significant expat community, ensuring a diverse and welcoming environment for those relocating from abroad.
For those seeking a more lively atmosphere, the popular resort town of Carvoeiro is just a ten-minute drive from Lagoa. Here, the bustling cove beach is surrounded by an array of seafood restaurants and bars, offering a vibrant and entertaining setting for residents and visitors to enjoy.
The real estate market in Lagoa offers a wide range of options, with both houses and apartments available for sale within the town itself and throughout the wider Lagoa municipality. This diverse selection caters to various preferences and budgets, making Lagoa an attractive choice for those seeking a new home in the Algarve. And with the coast less than a 10-minute drive away, it’s easy to see why Lagoa is becoming such a popular destination to buy property.