Last updated on June 18, 2024 | Est. Reading Time: 2 minutes
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Discover the hidden gem of Vila Real, a charming city nestled in the heart of northern Portugal’s stunning Douro Valley. Surrounded by lush green hills and terraced vineyards, Vila Real offers a unique blend of natural beauty, rich history, and vibrant local culture. From the stunning Mateus Palace, a Baroque masterpiece with exquisite gardens, to the lively Feira de São Pedro, a traditional fair held every June showcasing the best of local crafts and gastronomy, this enchanting city has something for everyone.
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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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Yield for this property is 3-5%
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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.
With its rich history, breathtaking landscapes, and vibrant culture, Vila Real offers a captivating lifestyle for those seeking an authentic Portuguese experience.
Vila Real is conveniently located just under 90 minutes from the vibrant city of Porto and its international airport. The city is also well-connected by road and rail, with easy access to major highways and train routes. This means Vila Real offers the best of both worlds — the charm of a small city while still being close to a major city and international airport.
The city’s most iconic landmark is the magnificent Mateus Palace, a stunning 18th-century Baroque masterpiece surrounded by beautifully manicured gardens. This architectural gem, featured on the label of the world-famous Mateus Rosé wine, is just one of the many historical treasures that Vila Real has to offer.
Nature enthusiasts will fall in love with Vila Real’s stunning surroundings, from the rolling vineyards of the Douro Valley to the rugged landscapes of the Alvão Natural Park. Explore the countless hiking and cycling trails, take a scenic drive along the winding roads, or simply relax in the tranquil gardens scattered throughout the city.
Vila Real is also renowned for its delicious regional cuisine. Indulge in hearty dishes like the famous posta à Mirandesa, a succulent veal steak, or the flavourful alheira sausage, all paired with the region’s exceptional Douro wines.
The property market in Vila Real offers a range of options to suit various tastes and budgets. From elegant apartments in the city centre to spacious villas with sweeping views of the surrounding mountains, you’ll find your ideal home in this charming city.