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(fr) FrançaisProperties for Sale in Silves, Faro, Portugal
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1561 sqft
2863 sqft
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Real estate in Silves
The Faro region of southern Portugal is a hotspot for overseas property buyers and investors. In particular, the charming town of Silves should be on your radar if you're seeking a dream home or an apartment for sale in a location that is both stunning and steeped in history. Located in a valley bedecked with citrus orchards and dominated by an impressive medieval castle, Silves boasts a rich and colourful past. Its traditional red-roofed, white-washed houses give the town an ambience of old-world charm, regularly drawing comparisons with the 'Pueblo Blanco' or 'White Village' concept of Andalusia. Before you get in touch with a local real estate agent in Silves, take the time to explore the local market and get a sense of the properties on offer. Understand the unique allure of this rustic Portuguese town and the value it can offer as an investment. Whether you're considering a vacation residence or a more permanent move, Silves provides a range of choices: from cosy apartments near the town's vibrant centre to spacious villas with panoramic views of the countryside. A property in Silves not only means a place under the sun but also an opportunity to enjoy the slow-paced, tranquil lifestyle of a traditional Algarvian town.
Silves properties: Market trends overview
The Silves real estate landscape in the Faro district of Portugal has seen a consistent price escalation, making it an alluring investment destination for overseas buyers and investors, predominantly from Northern Europe, the United Kingdom, Germany, and the United States. Hosting a harmonious blend of tranquility and a dynamic vacation lifestyle, Silves’ ideal location near the coast facilitates various recreational activities and golfing experiences, along with easy access to the lively city of Faro. Silves boasts a lively coastal ambiance, rich historical legacy, and superior living standards. In the recent past, the local administration of Silves has proactively invested in the town's development, offering a broad range of real estate options to domestic and global property seekers. The offerings range from contemporary townhouses and apartments to modern villas, traditional farmhouses, and luxury penthouses. It's relatively easy to find houses and apartments for sale in Silves, Portugal, catering to various budget constraints and individual lifestyle preferences, making this charming town one of the most hospitable for foreign buyers.
Average price of a property for sale in Silves
What might you anticipate paying for properties in Silves, Faro, Portugal? It's challenging to provide a definite answer due to many variables that can affect the price, such as the type of property, its distance from the city's historic center and beaches, availability of amenities, and individual preferences (for instance, lavish features, size, ease of access, and so on). Recent data revealed that the peak asking price for a property for sale in Silves was € 2,489 per square meter. This will get you a luxurious property in the area of Armação de Pêra, which is considered the most expensive. Contrarily, the most affordable prices are found in the Algoz-Tunes area, where the average cost per square meter is around €1,825. Presently, the typical listing price for a house in Silves hovers around €526,854.
Types of properties can you find in Silves
In Silves, Faro, Portugal, the real estate market is rich with a wide array of property types, ranging from modern apartments to luxurious lofts, and from upscale seafront villas to traditional Portuguese farmhouses. The prime property for sale is often found in secure residential communities. Typically, these include 3-4 bedroom apartments complete with expansive terraces and duplex homes with separate entrances for each level. Each level features spacious terraces and its own kitchen facilities. If you prefer a newly-built home, consider a villa situated in a privileged location in Silves, Portugal, which offers stunning views of the sea. Many of these properties are conveniently located within walking distance of the beach, making Silves an ideal place for both living and vacationing.