Costa Prata Portugals Silver Coast is developing a designer niche
Apr - 21 | 
7 comments. | 
New Developments, Portugal Property
Channel Four’s popular program, A Place in the Sun series featured Portugal’s Silver Coast, tipped by Amanda Lamb to be an up and coming property hot spot so I thought it would be good to feature some of the major new development property happening in the area.
Stretching from Porto (a low cost airline base) to Figueira da Foz (125 miles north of Lisbon), plans for a new second airport in Ota near Abrantes have opened up this untouched area of the Portuguese Atlantic Coast and is easily accessible thanks to the new A8 motorway compliments of the Euro 2004 football tournament. The Obidos area is building on a reputation for quality build golf resort projects with prices significantly lower than its Algarve counterparts. Top that with great beaches and more than just a taste of the real Portugal and the appeal is clear.
Ten minutes drive from the cultural centre Obidos is the Bentley award winning Praia D’El Rey Golf and Beach Resort, voted Best Portugal development 2005. Now onto its 4th Phase, Praia D’El Ray has been built with less than half the density of many complexes on the Algarve attracting individuals looking for an environmentally conscious, low-rise development, something Obidos’ local Mayor Telmo Faria is eager to promote.
Praia de Rey is being marketed by Rey Estates
To maintain the area the town hall is looking for projects with vision that will secure the long term appeal of the area. Bom Sucesso has recently received approval, with 14 of Portugal’s celebrated architects the resort is being marketed as a minimalist design haven it will be a permanent showcase for contemporary architecture making the 600 villas and townhouses limited edition works of art. Homes will enjoy natural seclusion overlooking Portugal’s largest natural lagoon and each will have a grass roof to converse energy and blend in with the 18 hole Donald Steele Golf Course. The ₤170m resort is set to complete in 2007 and properties start at 245,000€ for a one bedroom townhouse with hotel managed vacation investment options for yearly rental.
Bom Sucesso is being marketed by Hamptons International
Interest in the area is picking up as The Times Online reports that the greater Lisbon area is a possible host for the Portugal Open in 3 years time. Donald Steele is certainly making his golfing mark in the area with a third golf resort Camporeal scheduled for completion in 2007, which has just released a final selection of 31 fully furnished apartments and townhouses. These ‘Select’ properties will be managed by the Westin Hotels & Resorts under a guaranteed rental scheme. Located 15 minutes inland from the Atlantic Coast and 30 minutes from Lisbon the resort has been short listed for a Homes Overseas Award 2006. Prices start at ₤165,000 for a ground floor apartment rising to ₤305,000 for a 3 bed townhouse.
Camporeal is being marketed by Premier Resorts
Wonder how this development will impact on other popular Portugal spots like Vale do Lobo??
The central Portugal area is getting more and more popular, its a great unspoilt place that still has property bargains around.
The new airport at Ota that will be finished in few years will make it easier to get to this region, Tomar 35 mins, Abrantes 40 mins.
The whole silver coast area is ripe for development with a number of Golf couses and riverside developments in the planning stages, especialy in the Tomar area the investment property opportunities are their for all to see.
Portugal is an astonishingly beautiful country and it has a diverse mix of scenery. From the contorted southern coastline of beaches, cliffs and coves to the rolling hills and forests of the Ribatejo region; the plains of the Alentejo to the rugged mountains of the Beiras.
Whether you are visiting Portugal for a holiday, weekend break or looking to purchase a property as a retreat or to relocate, the country has a lot to offer. With approximately 92,000 kilometres in area, Portugal is the westernmost country in Europe and it’s entire coastline borders onto the Atlantic Ocean. Portugal has only one land frontier, that being with Spain.
Historically mainland Portugal was split into 10 different provinces – Tras-o-Montes, Douro, Minho, Beira Alto, Beira Litoral, Beira Baixa, Estramadura, Ribatejo, Alentejo and the Algarve. However in 1976 these regions changed and Portugal is now divided into districts (concelhos), of which there are 18.
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Chavetejo Mediação Imobiliária Lda is an INCI registered real estate agency – AMI license number 7856, run by British and Portuguese partners, based in Tomar in Central Portugal, who together have over 18 years’ experience within the Portuguese property market.
At Chavetejo, we believe there is a perfect property for everyone in Portugal and we work hard to help you find the right property in Portugal.
There is a vast variety of property for sale in Portugal to suit all tastes and budgets. Whether the property of your dreams in Portugal is a new build villa with pool, a rustic country house, an apartment with a sea view, a new build house, a restored cottage, a farm with land, a ruin in need of restoration work or land to construct a property of your own dream design, we will help you find your perfect place in the sun.
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This area is still great value – even with the current financial climate.
Great people, great weather, super beaches, cheap cost of living!