Last updated on May 2, 2024 | Est. Reading Time: 2 minutes
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Step into the heart of Portuguese history and culture in Guimarães, the birthplace of Portugal. This charming city, with its well-preserved medieval centre and vibrant atmosphere, offers a unique opportunity for seeking to buy a home in a part of Northern Portugal that seamlessly blends tradition and modernity.
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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.
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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.
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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.
Guimarães, the birthplace of Afonso Henriques, the first king of Portugal, is a city steeped in history and cultural significance. Its proximity to Porto, just a short drive away, and easy access to Porto Airport make it an attractive option for property buyers seeking a more traditional and affordable alternative to larger, more touristic cities—but without being too far away.
The real estate market in Guimarães offers a diverse range of properties for sale, from cozy apartments in the historic city centre to spacious villas in the surrounding countryside. The city’s well-preserved medieval architecture and charming cobblestone streets create a unique and enchanting atmosphere, perfect for those who appreciate the beauty of the past while enjoying the comforts of modern living in their home.
While the city itself is not located directly on the coast, it is just a 45-minute drive from the nearest beaches. Additionally, the area boasts several stunning river beaches (praias fluviais), which provide a refreshing alternative for swimming and relaxation during the warmer months. Nature lovers will also appreciate Guimarães’ proximity to the breathtaking Parque Nacional Peneda-Gerês, an expansive national park known for its rugged landscapes, pristine waterfalls, and diverse wildlife.
With its rich history, vibrant culture, and stunning surrounding landscapes, buying property in Guimarães offers a chance to immerse yourself in the true essence of Portugal while enjoying a high quality of life and excellent value for money.