Properties for Sale in Velas, Azores, Portugal

Real estate in Velas

Located on the delightful São Jorge Island in Azores, Portugal, Velas, with its lush countryside, rugged coastline, and calm blue shores, is an underappreciated gem that's gaining popularity among international property buyers and investors. If you're seeking a tranquil island retreat or a seaside house for sale in an awe-inspiring natural setting, you should set your sights on Velas. This charming town, nestled between the magnificent Pico Mountain, the highest point in Portugal, and the Atlantic Ocean, is often referred to as the "Green Island" for its verdant landscapes and picturesque seaside vistas. Before reaching out to a local property broker, familiarising yourself with the real estate landscape in Velas would be beneficial. Investigate what kinds of real estate are currently available, the average price range of properties in Velas, and the cost of owning a vacation home in such an idyllic location. With its welcoming local community, rich cultural heritage, and abundance of outdoor activities, Velas offers far more than just a potential property investment; it provides an opportunity for a unique, relaxed lifestyle away from the hustle and bustle of urban life.

Velas properties: Market trends overview

The real estate market of Velas, part of the distinct Azores in Portugal, has seen a steady increase in property values, making it particularly appealing to overseas investors hailing from various nations, notably Canada, the UK, Germany, and the United States. Velas' superb seaside location allows local inhabitants and visitors alike to immerse themselves in a relaxed way of life, while still offering an engaging vacation experience owing to its many leisure centers and golf courses, along with an easy connection to the lively city of Angra do Heroísmo. Velas offers a colorful coastal backdrop, a rich historical legacy, and a superior standard of living. Over recent years, authorities in Velas have significantly increased their investment in the town's development, providing an array of property choices for both local and overseas house purchasers. These include contemporary townhouses, spacious apartments, modern villas, classic farmhouses, and luxury penthouses. Obtaining properties and apartments for sale in Velas, Portugal, that cater to diverse budgets and lifestyle choices is straightforward, making this quaint seaside town increasingly attractive to foreign purchasers.

Average price of a property for sale in Velas

What are you likely to pay for properties in Velas, Azores? Just like in any other location, the price of property in Velas is not fixed and depends on several aspects including the type of property, distance to popular landmarks and beaches, amenities, and individual tastes such as luxury features, size, and accessibility among others. Recent statistics indicate that the peak asking price for property on sale in Velas was €1,907 per square meter. The priciest plots are predominantly in the Velas Centre-Faial area. Alternatively, the most affordable properties, averaging at a price per square meter of €1,410, are mainly located in the Sao Roque-Pico region. Currently, the average market price for a house stands at approximately €397,523.

Types of properties can you find in Velas

In Velas, Azores region of Portugal, the real estate market is teeming with distinct types of properties, such as compact apartments, luxury rooftop suites, upscale oceanfront houses, and classic Portuguese cottages. The most sought-after properties for sale are often found in secure residential communities. There are options for spacious 3-4 bedroom apartments that come with expansive balconies, as well as two-story homes with distinct entrances for each level, equipped with large balconies and individual kitchens. If you're looking for something more luxurious, consider a newly built house situated in a prime location in Velas, Portugal, boasting breathtaking ocean views. These properties are often located within a short walking distance to the beach and are the epitome of an ideal living space.