Last updated on September 23, 2024 | Est. Reading Time: 2 minutes
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Discover the breathtaking beauty and tranquility of the Azores, a stunning archipelago of nine volcanic islands nestled in the middle of the Atlantic Ocean. With its lush green landscapes, crystal-clear lakes, and picturesque villages, the Azores offer a truly unique and unforgettable experience for those seeking their dream property in a paradise that feels a world away from the stresses of modern life.
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.
Envision lazy days lounging by your private pool, gazing out over the endless Atlantic, utterly secluded from the world. The perfect dream home awaits discovery across these nine picturesque isles. From cliffside villas to sprawling countryside estates, these remote islands promise lavish privacy and rugged splendour in equal measure.
Each island offers its own prestigious appeal. São Miguel and Terceira provide ease of access with direct flights from mainland Portugal, numerous European countries including the UK, and North America. These larger islands also boast a wider range of supermarkets and proximity to essential amenities like hospitals.
For those craving ultimate seclusion, the likes of Flores, Santa Maria, and São Jorge present an unmatched sense of remoteness and exclusivity, shielded from tourist crowds. Avid yachters will be utterly seduced by Faial’s world-famous marina – the ideal home base that you can sail to and from.
Whether your vision is a lavish pied-à-terre or sprawling dream villa, whether that’s a permanent luxury residence or an investment in the local real estate market, the Azores undoubtedly has exactly what you’re looking for.