On the banks of the Miño River, a hidden gem awaits discovery. Caminha, a charming Portuguese village, has been rapidly gaining recognition as the most promising destination for real estate investment in the continent.
With a population of around 2,500 inhabitants, this Portuguese municipality captivates with its historical charm, natural beauty, and welcoming atmosphere, making it an irresistible option for those seeking solid and profitable investment opportunities.
A recent report from International Living, cited by Infobae, referred to Caminha as a «vestige of Portugal before tourism and modernity invaded Lisbon, the Algarve, and Porto.» The publication highlights that it’s still possible to find apartments in the town center for around €140,000. The prices of houses, on the other hand, are around €260,000.
This village is strategically located in the northern region of the country, just a few kilometers from the Spanish border. This privileged location not only offers stunning views of the Miño River and the nearby Arga Mountains but also provides easy access to other renowned cities and tourist destinations in Portugal and Spain.
As noted by the Huffington Post, «beyond all those virtues from a tourist point of view, what makes Caminha the best village in the entire European continent for real estate investment is the low price of its properties.» The local real estate market offers a wide range of options, from picturesque townhouses to luxurious seaside villas, all at attractive prices compared to other areas in Europe.
Furthermore, the village is experiencing a period of development and growth, with infrastructure and tourism projects underway that will further enhance its appeal and value. These projects include revitalizing the historic center, expanding modern services and amenities, and improving connectivity with nearby Spanish towns.
As an investment destination, Portugal stands out not only for its attractive prices but also for its stability. According to the 2023 Fragile States Index by The Fund For Peace, Portugal has a score of 27.5, standing out internationally (compared to Finland’s 16.0 and the United States’ 45.3).
Additionally, over the past decade, the country has been reducing its public debt, positioning itself as one of the least indebted countries in the European Union. Alongside this, the International Monetary Fund projects a growth of 1.7% for 2024, slightly higher than in 2023. Furthermore, GDP per capita has grown by 5.0% over the last five years, indicating a population with more resources to invest or rent properties.
If you are interested in investing in this market, whether in Caminha, Arrábida, Lisbon, or Porto, AIM Global can help you (and we would be delighted to do so!). We offer real estate brokerage services in Portugal; we have offices in Lisbon and a team of highly qualified professionals to meet your needs.
Whether you are an entrepreneur looking to expand your business to Europe, planning to retire in one of the continent’s most peaceful and best-climate countries, or daring to start a business in Portugal, AIM Global has the kind of advice you need. Schedule a meeting with us now!
