Last updated on April 26, 2024 | Est. Reading Time: 2 minutes
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Experience the magic of Terceira Island, a stunning gem in the heart of the Azores archipelago. Invest in a charming traditional house or a modern villa and immerse yourself in the island’s rich history, vibrant culture, and breathtaking natural beauty. With its mild climate, pristine beaches, and endless opportunities for outdoor adventures, Terceira is the perfect place to call home for those seeking a slice of paradise in the Atlantic.
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.
Terceira, the second most populated island in the Azores, bears a striking resemblance to Ireland with its patchwork fields, offering a wide range of properties for sale, from ruins in need of renovation to apartments in Angra do Heroísmo and higher-end properties in the countryside.
While not as touristy as São Miguel, Terceira still boasts good amenities, making it an excellent balance for those seeking a more remote lifestyle without sacrificing modern conveniences. Lajes Airport provides a good number of flights to other islands, mainland Portugal, and some international destinations, ensuring easy access to and from Terceira. However, as São Miguel is the main island, occasional visits there may be necessary.
Angra do Heroísmo, the main city on Terceira, offers plenty of amenities, including large supermarkets, hospitals, and other medical facilities. The city is rich in history and culture, with attractions such as the UNESCO World Heritage Site of Angra do Heroísmo Central Zone, the Sé Cathedral, and the beautiful Duque da Terceira Garden.
The town of Praia da Vitória, much smaller than Angra, has more of a charming town feel. It is home to the Praia da Vitória Main Church, the Facho Lighthouse, and the picturesque Paul da Praia da Vitória, a popular spot for birdwatching.
For those seeking a more rural lifestyle, there are numerous small towns and villages scattered across the island, such as Biscoitos, renowned for its wine production. The village is home to the Biscoitos Wine Museum, where visitors can learn about the island’s winemaking traditions and sample local wines.
With its perfect blend of rural charm, modern amenities (without being too touristy), and diverse real estate options, Terceira is an ideal destination for those considering a move to the Azores.