Last updated on April 26, 2024 | Est. Reading Time: 2 minutes
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Discover the untouched beauty of Flores Island, a true hidden gem in the westernmost corner of the Azores. With its rugged coastline, lush valleys, and cascading waterfalls, Flores is a nature lover’s paradise. With its unspoiled beauty, peaceful lifestyle, and endless opportunities for relaxation and adventure, Flores is the perfect escape for those seeking a unique and unforgettable island experience.
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.
Flores is undoubtedly one of the most stunningly beautiful islands in the entire Azorean archipelago. If you’re seeking an unspoiled natural paradise with lush forests, fairytale lakes, cascading waterfalls, towering mountains, and serene natural pools, then Flores could be the perfect place for your future home.
Like many remote Azorean islands, Flores has experienced population decline due to emigration over the years. However, the rise of remote work opportunities and increasing tourism have sparked newfound interest in these far-flung locales.
The main town of Santa Cruz das Flores serves as the island’s central hub, though even this largest settlement remains quite small, offering just a handful of restaurants, cafes, and essential amenities like pharmacies, minimarkets, and banks. Other notable villages include Lajes das Flores and the coastal Fajã Grande, which mainly caters to tourism.
Flores does have an airport, with flights connecting to some of the other Azorean islands including the major transit hub of São Miguel. However, getting to and from mainland Europe often requires a connecting flight, contributing to the island’s splendidly secluded feeling, though potentially isolating for some.
When it comes to real estate, standalone houses make up the majority of Flores’ property offerings over apartments. Many of these homes require renovation work, but some also come with generous plots of land, ideal for those dreaming of living an off-grid lifestyle surrounded by Flores’ unmatched natural beauty.