Last updated on April 19, 2024 | Est. Reading Time: 2 minutes
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Discover the enchanting beauty and vibrant culture of São Miguel Island, the largest and most populous of the Azores islands. Known as the “Green Island” for its lush landscapes and stunning natural beauty, São Miguel offers a truly unique and unforgettable experience for those seeking their dream property in a paradise that perfectly blends tradition and modernity.
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.
São Miguel offers the perfect blend of modern amenities and natural beauty, making it an attractive destination for those seeking to relocate without cutting themselves off from the world completely. With the most flights connecting to mainland Portugal, European destinations like the UK, and international hubs in the US and Canada, São Miguel is easily accessible. The island also boasts excellent infrastructure, including modern hospitals, large supermarkets, and well-maintained roads, ensuring a comfortable living experience.
Ponta Delgada, the main city on São Miguel, is a charming small city with a population of around 20,000. Living here means you’re just a short 5-10 minute taxi ride from the hospital or airport, and there are plenty of apartments and houses available for sale.
Other towns to consider include Lagoa, known for its stunning beach and coastal walks; Vila Franca do Campo, famous for its unique islet; Agua d’Alto, a picturesque village with a laid-back atmosphere; and Ribeira Grande, the second-largest town on the island, renowned for its historic centre and beautiful beaches.
São Miguel offers a diverse range of properties for sale, from apartments to houses, with many options for those willing to take on a renovation project. With its perfect mix of modern amenities and unspoiled natural beauty, São Miguel is an ideal location for those looking to escape the hustle and bustle of modern life while still enjoying those comforts when they need to.