Setúbal: Real Estate Opportunities for Foreign Buyers
Setúbal, a picturesque coastal town located just south of Lisbon, Portugal, is fast becoming one of the most sought-after destinations for foreign buyers in the real estate market. With its stunning landscapes, rich cultural heritage, and favorable climate, it’s no wonder that Setúbal is attracting attention from international investors.
The real estate landscape in Setúbal offers a variety of opportunities ranging from historic apartments in the city center to modern villas overlooking the crystal-clear waters of the Atlantic Ocean. The diversity of properties ensures that there’s something for everyone, whether you're looking for a vacation home, a rental investment, or a permanent residence.
One of the key attractions of Setúbal is its affordability compared to other popular cities in Portugal, such as Lisbon and Porto. Prices per square meter in Setúbal are significantly lower, making it an attractive option for buyers seeking value without compromising on quality of life.
In recent years, Setúbal has experienced a surge in interest from foreign buyers, largely fueled by Portugal's Golden Visa program. This initiative allows non-EU citizens to obtain residency by investing in real estate, and Setúbal’s appealing properties present an ideal option for those looking to secure their position in Europe.
The local real estate market has been buoyed by new developments and renovations of existing properties, contributing to a robust economic environment. Areas such as Troia, located just across the river from Setúbal, have seen significant investment, transforming them into desirable residential locales with modern amenities.
Furthermore, Setúbal boasts a high quality of life, characterized by beautiful beaches, delicious cuisine, and a vibrant cultural scene. The town is known for its famous seafood dishes, stunning natural parks like Arrábida, and a range of outdoor activities such as hiking, sailing, and wine tasting in the nearby vineyards. This appealing lifestyle not only makes it an attractive destination for residents but also for tourists, resulting in strong rental potential for investors.
Foreign buyers should also take note of the favorable tax regulations in Portugal, including the Non-Habitual Residency (NHR) scheme, which offers tax benefits for new residents. This scheme is particularly appealing for retirees and high-net-worth individuals looking to make the most of their investment in Setúbal.
In conclusion, Setúbal represents a promising investment opportunity for foreign buyers looking to enter the Portuguese real estate market. With competitive property prices, a rising rental market, and a welcoming community, it is a destination that combines attractive investments with a desirable lifestyle. Whether you’re seeking a holiday retreat or a long-term residential property, Setúbal has it all.
