Last updated on June 17, 2024 | Est. Reading Time: 2 minutes
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Search results for Castelo Branco
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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.
Nestled in the heart of Portugal’s Centro Region, Castelo Branco is a charming city that offers a unique blend of affordability, authenticity, and opportunity. For those seeking a more traditional Portuguese lifestyle away from the bustling expat hotspots like Lisbon and the Algarve, Castelo Branco is an ideal choice.
One of the most appealing aspects of living in Castelo Branco is the relatively low cost of living and affordable property prices. This small city presents a wealth of opportunities for those looking to purchase a home, whether you’re in the market for a move-in-ready apartment or a rustic ruin waiting to be transformed into your dream house. The abundance of properties in need of renovation allows you to put your personal stamp on your new home, creating a space that truly reflects your style and taste.
While Castelo Branco may have a smaller expat community compared to other areas of Portugal, you’ll still find a welcoming and friendly atmosphere. The city’s authentic Portuguese character shines through in its daily life, from the lively local markets to the traditional festivals and events. Living here allows you to immerse yourself in the rich culture and experience the true essence of rural Portuguese life.
Despite its traditional roots, Castelo Branco offers the perfect balance of small-city buzz and rural tranquility. The local student population, thanks to the presence of the Instituto Politécnico de Castelo Branco, brings a youthful energy to the city, while the surrounding countryside and nearby villages provide a peaceful escape from the hustle and bustle. The city’s proximity to the Spanish border also opens up a world of possibilities for exploring the whole of the Iberian Peninsula.