Thursday, 18 June 2009

North Portugal Properties / Real Estate

One of the steadiest property markets in Portugal is in the very north, past Porto even. With the massive expansion of Vigo, one of the largest ports in Europe, plus the huge industrialisation of nearby Porriño, the area both sides of the River Minho / Mino is enjoying prosperity not common in other areas of Portugal or Spain. The new "Vigo dry port" will be completed soon almost doubling the capacity of the original "wet" port, escalating house prices in Portugal where many Spanish prefer to live for tax and building regulation reasons.

North Portuguese properties in the Costa Verde (Viana do Castelo) municipality are projected by some to rise as much as 40% in the next two years, especially real estate around Valença which will soon have its EU funded high speed rail link connections to Porto, Lisbon, Madrid and of course Vigo. With a journey time of just 30 minutes to Porto, many affluent Portuguese who work there will be able to commute quickly and economically from Valença. Being on the border with Spain, Valença is popular anyway not least because of immediate access to Spanish supermarkets and hospitals / health care; Vigo has 4 International standard hospitals and is just a 20 minute motorway drive away, while the nearest full service Portuguese hospital is 40 minutes away (Porto and / or Viana do Castelo) and not to the same standard as Vigo. With several Spanish paramedic ambulance services covering Valença (by arrangement), this makes a 40 minute drive in a basic Portuguese ambulance very unappealing. Poor Portuguese health care and emergency services being one of the biggest issues nationwide, it pays to live near to a bridge / entry road into Spain!

For a list of villa / property agents click this link below;

North Portugal Properties / Real Estate agent list

Please let me know of any others I have missed / I should include

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