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Uncover the hidden gem of Silves, a historic city nestled in the heart of the Algarve, where you’ll find an array of charming properties waiting to be called home. From affordable apartments to spacious houses, Silves offers a range of real estate options to suit every budget and preference. Immerse yourself in the rich history of this ancient city, with its stunning castle and picturesque streets. While not directly on the coast, Silves is just a short drive from the Algarve’s beautiful beaches and vibrant resort towns. Discover your perfect property in this tranquil and authentic Portuguese city, where you can enjoy a peaceful lifestyle while still being close to the action. Explore our selection of houses and apartments in Silves today and start your Algarve adventure.
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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.
Silves offers an excellent balance of history and culture while still being in the heart of the Algarve, but is it right for you?
The town of Silves is known for its rich history, with the iconic Silves Castle standing as a testament to its Moorish heritage. The surrounding countryside is dotted with orange trees and olive groves, creating a picturesque and tranquil setting for those seeking a more rural lifestyle. Property buyers in Silves can find a range of options, from traditional townhouses to spacious villas and rural properties, all offering excellent value for money compared to the more touristy coastal areas.
Its central location makes it easy to explore the entire region, with stunning beaches just a 20-30 minute drive away and major cities like Faro and Portimão within easy reach. Unlike the coastal areas, Silves maintains a vibrant atmosphere throughout the year, avoiding the seasonal ghost town effect that some tourist hotspots experience during the winter months.
With its unique blend of history, natural beauty, and convenience, Silves is arguably one of the most attractive locations for those looking to buy property and experience the authentic charm of the Algarve.
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