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Apartments and houses for sale in Amora

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Amora insights

AspectSummary
Population32,000
Average Property Price€1,800/m²
Rental Yield5.5%
Average Rent€800/month
Occupancy Rate90%
Capital Growth Rate3% annually
Property Tax0.5% of property value
Transaction Costs7% to 10%
Expected ROI8% including rental income and capital growth
Economic Growth ImpactModerate, influenced by tourism and local development

Amora FAQ

  • How have real estate prices in Amora changed over the past year?

    Over the past year, real estate prices in Amora have shown a notable upward trend, reflecting broader economic conditions and increased demand in the region. For instance, the average price per square meter for residential properties rose from approximately €1,700 to around €2,000, marking an increase of nearly 18%. This surge can be attributed to the influx of buyers from neighboring Lisbon seeking more affordable housing options. In addition, specific neighborhoods, such as the central area near the train station, have seen even sharper increases, with some listings exceeding €2,300 per square meter. The rental market has also experienced similar dynamics, with average monthly rents for two-bedroom apartments climbing from €800 to €950, highlighting a 19% rise. Factors like improved local amenities and ongoing infrastructure projects have contributed to this escalation in prices, making Amora an increasingly attractive location for both investors and families.

  • What factors influence property prices in Amora?

    Property prices in Amora are influenced by a combination of location, economic conditions, and amenities. The proximity to Lisbon, for instance, significantly boosts demand, as many commuters prefer residential areas with easier access to the capital. The local infrastructure also plays a role; areas with well-developed public transportation systems, schools, and healthcare facilities tend to attract higher prices. Economic factors, such as employment rates and average income levels, can affect affordability and demand, with higher employment driving up competition for homes. The condition of the housing market is critical as well; a shortage of available properties leads to increased prices. Specific neighborhoods, like those near the Tagus River, often command premium prices due to their scenic views and recreational opportunities. Additionally, recent renovations or developments in the area can elevate interest and subsequently, prices.

  • Are property prices in Amora higher compared to nearby areas?

    In recent years, property prices in Amora have shown an upward trend, often reflecting higher averages compared to nearby areas like Seixal and Almada. For instance, as of early 2023, the average price per square meter in Amora was reported to be around €1,800, while in Seixal, it hovered closer to €1,600. The appeal of Amora, with its proximity to Lisbon and better access to public transportation, including the Fertagus train service, has contributed to this increase. Furthermore, recent developments in infrastructure and local amenities, such as new shopping centers and parks, have also made Amora a more attractive option for homebuyers. In contrast, areas like Montijo and Barreiro, while still growing, have not experienced the same level of demand or price escalation, with averages sitting around €1,500 per square meter.

  • What types of properties are most expensive in Amora?

    In Amora, the most expensive properties typically include waterfront views along the Tagus River and modern luxury apartments in newly developed complexes. These waterfront properties are highly sought after due to their scenic views and proximity to recreational areas, making them particularly attractive to affluent buyers. Additionally, renovated historical homes in the city center command high prices, especially those with original architectural features like azulejos and wrought-iron balconies. Properties with spacious outdoor areas or gardens also tend to be more expensive, catering to families and those seeking a blend of urban and suburban living. Villas in gated communities offering added security and amenities like pools and gyms are another category of high-end real estate that draws significant attention and investment.

  • Is it a good time to buy property in Amora?

    Amora, a suburb located close to Lisbon in Portugal, has recently become an appealing option for property buyers due to its proximity to the capital and attractive pricing compared to central Lisbon. The area has seen moderate price growth, with average property prices hovering around €1,500 per square meter, which is significantly lower than Lisbon’s averages. Additionally, the ongoing infrastructure improvements, like the expansion of public transport links and the development of local amenities, could enhance the suburb's appeal further. For instance, the recent addition of new shopping centers and recreational facilities has made it more attractive for families and young professionals. Furthermore, the anticipated influx of residents due to recent workplace shifts could lead to increased demand for housing in Amora, potentially benefiting investors in the long term.

  • How do property prices in Amora compare to Lisbon?

    Property prices in Amora are generally significantly lower than those in Lisbon. For instance, as of recent data, the average price per square meter in Amora hovers around €1,400, while in Lisbon, it can exceed €3,500. This considerable price gap makes Amora an attractive option for buyers seeking more affordable housing. In Amora, a two-bedroom apartment might be listed around €150,000 to €200,000, whereas a similar property in Lisbon could easily be priced between €350,000 and €500,000, depending on the neighborhood. Additionally, areas within Lisbon such as Alfama or Chiado are particularly high in demand, pushing prices even higher, while Amora offers a more suburban feel with access to local amenities. Factors contributing to the price differences include Lisbon's status as a cultural and economic hub, which drives demand, while Amora is more residential, appealing to families looking for quieter surroundings.

  • What is the average price per square meter in Amora?

    The average price per square meter in Amora, a suburb of the greater Lisbon area in Portugal, typically ranges from €1,200 to €1,600 as of late 2023. This fluctuation largely depends on the property's location, condition, and proximity to public transport and amenities. For instance, newer developments near the train station might command higher prices, sometimes exceeding €1,800 per square meter, while older buildings situated further from the main transit lines could be around €1,000 to €1,200. Additionally, specific areas within Amora, like those bordering the waterfront, often see premiums due to their appealing views and recreational opportunities. Real estate data also indicates that certain neighborhoods have been experiencing a trend of price appreciation, reflecting the ongoing urban development and increased demand for housing in the Lisbon metropolitan region.