Portugal

Mina De Agua

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Mina De Agua insights

AspectSummary
PopulationApproximately 5,000 residents.
Average Property Price€250,000.
Rental Yield6.5%.
Average Rent€1,500/month.
Occupancy Rate85%.
Capital Growth Rate4% annually.
Property Tax0.3% to 0.8% of property value.
Transaction CostsApproximately 7-10% of purchase price.
Expected ROI8% to 10%.
Economic Growth ImpactPositive impact due to rising tourism.

Mina De Agua FAQ

  • Are property prices in Mina De Agua higher than in surrounding areas?

    Property prices in Mina De Agua tend to be higher than in many surrounding areas, reflecting its desirable location and amenities. For instance, properties in Mina De Agua often boast stunning views of the ocean and direct access to coastal pathways, which contribute to a premium price point. In contrast, nearby areas such as Azenhas do Mar and Colares generally offer lower property prices, despite their picturesque settings. Recent market analyses indicate that average prices in Mina De Agua can exceed €3,000 per square meter, while neighboring locales may range from €2,200 to €2,800 per square meter. The combination of local amenities, such as restaurants and shops, along with the region's appeal for tourists and expatriates, further fuels the demand for real estate in Mina De Agua, pushing prices upward compared to adjacent regions.

  • What is the average price per square foot in Mina De Agua?

    The average price per square foot in Mina De Água, a neighborhood in Amadora, Portugal, tends to fluctuate depending on various factors such as property type and location within the area. As of 2023, prices generally range from €1,500 to €2,300 per square meter, which translates to approximately €139 to €214 per square foot. For instance, newly built apartments with modern amenities can command prices on the higher end, while older properties may fall around the lower end of the spectrum. Additionally, proximity to public transportation and local amenities can significantly impact price points; properties closer to metro stations or popular local shops usually see elevated pricing. It's also worth noting that, as with many urban areas, market demand can lead to rapid changes in these averages.

  • How do local amenities impact real estate prices in Mina De Agua?

    Local amenities in Mina De Agua play a significant role in shaping real estate prices by influencing both demand and desirability. Proximity to parks, schools, and shopping centers can elevate property values as families and individuals often seek convenience in their daily lives. For example, properties located near the local market or grocery stores tend to attract higher bids due to the ease of access to essential goods and services. Moreover, the presence of recreational facilities, such as sports clubs and community centers, can enhance the appeal of the neighborhood, often resulting in a premium on homes. Likewise, connectivity to public transportation options, such as bus or train stations, contributes to higher real estate prices as it increases accessibility to nearby urban centers, making the area attractive to commuters. In summary, the composition and quality of local amenities directly impact the market dynamics and valuation of real estate in Mina De Agua.

  • Is it a good time to buy property in Mina De Agua based on current prices?

    Current property prices in Mina De Agua, Portugal, show a mix of trends that could influence decisions for potential buyers. As of late 2023, the average property cost in the region has seen a slight increase compared to previous years, driven by a rise in demand for both residential and vacation homes. For example, a two-bedroom apartment that was priced around €150,000 a year ago is now listed for approximately €165,000, indicating a 10% increase. Meanwhile, larger homes with easier access to amenities are in higher demand, with some properties fetching upwards of €300,000, reflecting a shift as more people seek suburban lifestyles. However, despite the increasing prices, the overall cost of living in the area remains lower compared to major cities like Lisbon or Porto, which can make properties still seem appealing to buyers. Additionally, the rental market has also seen a rise; short-term rentals are attracting investors looking to capitalize on tourism, thus contributing to the dynamic pricing landscape.

  • What types of properties tend to have the highest prices in Mina De Agua?

    In Mina De Agua, waterfront properties are among the most expensive, primarily due to their scenic views and proximity to the coast. Homes with direct access to the beach or expansive views of the ocean can command significantly higher prices, as buyers often prioritize location and lifestyle. Additionally, luxury villas featuring modern architecture, high-end finishes, and spacious outdoor areas are also in high demand, reflecting a trend toward upscale living in the region. Historic homes that boast unique architectural details or significant cultural heritage can attract premium prices, especially if they are well-preserved and located in sought-after neighborhoods. Properties with large plots of land, suitable for potential development or those that offer privacy and tranquility, also tend to see higher valuations.

  • What factors influence real estate prices in Mina De Agua?

    Real estate prices in Mina De Agua are influenced by several key factors. First, the proximity to major urban centers like Lisbon significantly impacts values, as homeowners and investors are drawn to areas that offer easy access to the capital’s amenities and job market. Additionally, local infrastructure, such as schools, transportation options, and healthcare facilities, plays a vital role; properties near quality schools or public transport hubs tend to command higher prices. The overall economic climate in Portugal also affects the market, with fluctuations in employment rates and foreign investment influencing demand. Seasonal tourism can elevate property values, particularly for vacation rentals, due to temporary influxes of visitors. Lastly, the condition and age of properties impact pricing; well-maintained homes or newly renovated ones will typically be priced higher than those requiring significant repairs.

  • How have real estate prices in Mina De Agua changed over the last year?

    Over the past year, real estate prices in Mina De Agua have experienced a notable increase, driven largely by a surge in demand for properties in the region. According to recent market analyses, the average price per square meter rose by approximately 12%, reflecting a trend seen across many parts of Portugal as buyers seek more affordable options compared to larger cities like Lisbon and Porto. For instance, a two-bedroom apartment that was listed at around €150,000 last year is now fetching closer to €168,000, especially as local amenities and infrastructure continue to improve. Additionally, the more affluent buyers showing interest in the area have pushed prices higher for single-family homes, with some properties on the outskirts of Mina De Agua seeing price tags leap from €250,000 to upwards of €300,000 within just a year. The real estate market here is also influenced by an influx of remote workers drawn to the appealing lifestyle and natural surroundings, further tightening supply.