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Real estate in Setubal
The Setubal region in southeastern Portugal is a magnet for foreign property buyers and investors. Setubal should be on your radar if you're searching for the perfect property or a seaside apartment for sale in a postcard-perfect location with sun-dappled beaches. This enchanting city in the Setubal district, with its hillside coastlines and traditional colourful villas, is often referred to as "Cidade Colorida" or "Colourful City" because of its captivating architecture and landscapes. Before you connect with a local property dealer, delve into the property market in the area, browse through the available properties in Setubal, and understand the costs of owning a holiday home in such a desirable setting. It's crucial to remember that Setubal, like Mijas in Andalucia, Spain, offers a unique blend of traditional charm and modern amenities, making it a desirable location for property investment. Whether you're looking for a compact apartment or a sprawling villa, Setubal's real estate market has a variety of options to cater to different preferences and budget constraints.
Setubal properties: Market trends overview
The property market in Setubal, Portugal has seen a consistent rise in prices, attracting a lot of interest from international investors and buyers, particularly from the Scandinavian region, the United Kingdom, Germany, and the United States. Setubal's prime coastal location offers an alluring mix of a relaxed lifestyle with various recreational activities due to its many leisure centres and golf clubs, as well as easy access to the lively city of Lisbon. Setubal presents a dynamic seaside atmosphere, a rich historical background, and a high standard of living. Over the past few years, the local government of Setubal has been emphasizing more on city development, offering a wide range of property options for both domestic and international homeowners. These include contemporary and practical townhouses, apartments, modern villas, traditional farmhouses, and luxurious penthouses. Finding a property for sale in Setubal, Portugal, that fits any budget and lifestyle taste is quite straightforward, making this picturesque city very inviting to international buyers.
Average price of a property for sale in Setubal
What is the typical price for properties in Setubal, Setubal, Portugal? The answer is not easily defined due to a multitude of factors that can influence the final price, such as the type of property, its location relative to the city center and beaches, the amenities it offers, and individual preferences (such as luxurious add-ons, size, accessibility, etc.). In-depth analysis of recent statistics reveals that the highest asking price for properties in Setubal peaked at €2,600 per square meter. The most sought-after properties can be found in the prestigious Bairro do Liceu region of Setubal. On the other hand, the most affordable prices, with an average rate of €1,950 per square meter, are mostly encountered in the Varzea neighborhood. The medium listing price for a property in Setubal presently stands at roughly €550,000. Certain factors, including market trends, the state of the local economy, and the overall demand for properties, play a significant role in determining these prices. Therefore, potential buyers are encouraged to carry out thorough market research to make an informed choice.
Types of properties can you find in Setubal
Setubal, Portugal, boasts a wide variety of real estate, ranging from modern apartments to luxurious penthouses, exclusive coastal villas, and charming traditional Portuguese quintas. The most desirable properties are often found within secure residential compounds. Options include 3-4 bedroom flats with expansive terraces, as well as two-storey homes, each with its own entrance, spacious terraces, and individual kitchens. There is also the option of a newly built villa, situated in an enviable location in Setubal, Portugal. These properties often offer breathtaking views of the Atlantic Ocean, are within strolling distance of the beach, and provide an ideal living environment. This variety makes Setubal an excellent choice for potential homeowners seeking a taste of Portuguese life.