Investing in Alcantara

Investing in Portugal makes good financial sense because there is more demand for properties than what is currently available. Also, the price of properties in any Portuguese city is much lower than the European average. According to recent information from the National Statistics Institute in Portugal, the average price of a house in Portugal is EUR 1,187 /m2. When you compare it with the UK where the price is EUR 2,649 and France where it is EUR 2,300, Portugal is definitely cheaper.

If cost is one side of the coin, return from the investment is the other, especially if you’re planning to buy a property just for investment. According to the Idealista price index, the Portuguese real estate market has been growing steadily over the last few years. Even during the 2020 Pandemic, this housing market grew by 0.5% when compared to the previous quarter. These numbers show the robustness of the real estate market in Portugal and the steady returns it can offer.

This discussion brings up some important questions. Do all areas in Portugal grow at the same rate? If not, which are the better places to invest?

Just like any other country, growth is not identical across Portugal. Undoubtedly places like Lisbon and port cities like Porto see more growth than rural hinterlands. One such place that can give you good returns for your investment is Alcantara.

Where is Alcantara?

In the western part of Lisbon, Alcantra is located as a civil parish. The communities of Ajuda and Belem are to the west while the communities of Estrela and Campo de Ourique are to the east of Lisbon.

There is evidence to show that this region has been inhabited since primitive times. Probably, it is best known for the Battle of Alcantara that took place in 1580 between Antonio, the Prior of Crato, and Philip I of Portugal.

By the turn of the 20th century, this neighborhood became the entertainment center with the emergence of pubs and other leisure activities. Its proximity to the riverfront has also led to the development of residential areas and the last couple of decades have seen the emergence of many apartments and homes in this region.

Why Invest in Alcantara?

Alcantara is a hot investment zone for real estate investors because it offers excellent returns on your investment due to its strategic location and growing importance as the entertainment and residential hub of Lisbon. Let’s look at some reasons for investing in Alcantara.

Strategic Location

One of the biggest reasons for this huge growth and popularity of Alcantara is its strategic location. Proximity to downtown Lisbon and the riverfront makes it a popular choice for those who want to have ample entertainment options, but at the same time, want to stay a little away from the hustle and bustle of city life.

In many ways, Alcantara acts as the bridge between the city and the countryside as it provides an excellent quality of life without the noises and traffic that come with living in big cities.

Excellent Growth

Its closeness to Lisbon has meant that Alcantara has grown steadily over the years, especially since Lisbon has seen exponential growth during the same period. In fact, this district has seen significant changes since the beginning of the Industrial Revolution and more importantly, has kept up this growth momentum even today.

A key aspect of its growth has been the openness of its residents to adapt to changing situations and this robustness can be seen in the urban developments that have taken place over the last few decades. A case in point is a large godown of the Industrial Revolution days that has been converted into a shopping mall to preserve its historical touch and at the same time, to blend with the modern needs.

Culture and Entertainment

The rich history of Alcantara is reflected even today in its many monuments and structures such as the Quinta do Monte do Carmo, Palacia dos Patriarcas, Capela de Santo Amaro, and more. Many people love to own a property in such a historical neighborhood with a rich history and this way of connecting with past events has led to a big surge in the Alcantara real estate market.

Besides these historic buildings, many green and leisure areas in Alcantara provide a ton of options for fun and relaxation. Likewise, the riverfront access has encouraged the growth and development of water sporting activities as well.

Alcantara is well-known for its exquisite cuisine and top-quality wines. Its nightlife is also vibrant and safe, thereby attracting many visitors all through the year.

A combination of all these factors makes Alcantara a great investment destination in Portugal. To know more about how you can invest and to find suitable properties, reach out to us to learn how the Smart Choice investment algorithm can find the most suitable place as the executives here have the right experience and expertise to spot the best Alcantara properties that can fetch excellent returns.