Last updated on May 30, 2024 | Est. Reading Time: 2 minutes
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Discover the hidden gem of Setúbal, a charming port city located just south of Lisbon, where stunning natural beauty, rich cultural heritage, and a laid-back lifestyle combine to create the perfect setting for your dream property. With its picturesque streets, vibrant markets, and delicious local cuisine, Setúbal offers a truly authentic Portuguese experience for those seeking a more relaxed and affordable alternative to the bustling capital.
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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.
Located just outside the vibrant city of Lisbon, Setúbal is an increasingly popular destination for those seeking an affordable alternative to the capital while still enjoying easy access to its amenities.
Setúbal is renowned for its excellent beaches, with Figueirinha, Galapos, and Portinho da Arrábida being among the most popular. The latter, a magnificent sheltered bay, is particularly breathtaking. For those seeking even more sandy adventures, the Tróia peninsula, easily accessible by ferry, boasts approximately 18 kilometres of pristine beaches and a challenging golf course.
The Parque Natural da Arrábida offers a network of hiking and biking trails along the dramatic, pine-brushed coastline, providing stunning views and a chance to immerse yourself in nature.
Investing in a property in Setúbal means having all these incredible experiences right at your doorstep. The region offers a variety of properties for sale, ranging from cozy apartments to spacious houses, catering to different preferences and budgets. While Setúbal is generally more affordable than Lisbon, its growing popularity, driven by its stunning beaches and easy access to the city centre, means that now is the perfect time to secure your dream home in this incredible location.
With Lisbon just a short distance away, you can easily enjoy the best of both worlds – the tranquility and natural beauty of Setúbal and the vibrant culture and entertainment of the capital city.