Last updated on May 30, 2024 | Est. Reading Time: 2 minutes
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Discover the timeless beauty of Santarém, a historic city perched on a hilltop overlooking the stunning Tagus River plains in central Portugal. Known as the “Gothic Capital” of Portugal, Santarém boasts a rich architectural heritage, with the impressive Portas do Sol gateway and the majestic Church of Santa Maria da Graça serving as iconic testaments to the city’s medieval past. Lose yourself in the charming streets of the old town, where ancient monasteries, such as the Convent of Saint Francis and the Convent of Saint Clare, seamlessly blend with colorful houses and quaint shops.
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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.
Once renowned as the strongest fortress in the kingdom and second only to Lisbon in importance, Santarém now stands as a testament to Portugal’s rich past, with a population of just under 60,000.
Despite its relatively small size, Santarém is well-connected to Lisbon, making it an ideal choice for those who wish to enjoy the tranquility of a smaller town while still having the option to visit the bustling metropolis regularly. This proximity to Lisbon, and by extension, Lisbon Airport, has attracted an increasing number of prospective expats looking to make Santarém their new home.
If you’re considering a move to this charming town, you’ll be pleased to find a diverse range of properties available, from cozy apartments to spacious houses. One of the most appealing aspects of Santarém’s real estate market is its affordability compared to Lisbon’s city centre. Here, your money can go a little further, allowing you to secure a comfortable home without breaking the bank.
When you feel the need for a change of pace, Lisbon is just a short train or bus ride away. Immerse yourself in the capital’s vibrant culture, indulge in its world-class dining scene, or explore its countless attractions. With Santarém as your base, you can enjoy the best of both worlds – the charm and tranquility of a small town and the excitement and opportunities of a major city.