New builds in Alges
Locating and climate
Alges is a Portuguese resort area in the district of Lisbon, part of the municipality of Oeiras.
Alges is located in a zone of comfortable climate with mild winters and long hot summers. The beach season is from March to October. The sea beaches of the Atlantic have been awarded the honorary Blue Flag for their cleanliness. Locals believe that the area is under the patronage of the Holy Virgin Mary.
Why is it profitable to buy an apartment in a new build for sale in Alges?
The toponym of the name Alges most likely has roots in Arabic (al-GEIS - "chalk"), the origin of the word is associated with the time of the Arab occupation of the Iberian Peninsula and the presence of chalk deposits here, which may have been mined in this region.
Previously, Alges was crowded, a more eventful life was in full swing, but later other resort places and beaches were competed. Today, there are not so many vacationers even at the height of the season, but a comfortable atmosphere of solitude and slowness is created. Tourists come here to relax on the sandy shore, dine in Mexican restaurants, see the original sloping building of the Sea Transportation Center, the creator of which was awarded a national prize. Alges is for those who love festivals, live music, sports activities.
Due to the growing demand for residential complexes in Alges and their limited supply which does not fully satisfy buyers, prices for real estate in Alges are growing. In general, the cost of buying an apartment in Alges from a developer is still slightly lower than in large cities, and the rental yield in a resort location is consistently high.
Many tourists - potential tenants of apartments in the residential complexes like the area for the wonderful climate, acceptable infrastructure, the presence of local attractions, the clear sea, the proximity of Lisbon (about 12 km). The sale of apartments from developers is aimed at investors from all over the world. Customer reviews confirm the good quality of the facilities being built.
The lowest price per square meter for a new home in Alges handed over in black frame (according to information from the real estate search engine GEOLN.COM) is 4,350 USD.
Conditions for purchasing apartments in the new homes for sale by foreigners
Foreign buyers have the right to buy apartments from the developers in Alges without any restrictions.
Interesting places to visit
- The former monastery of São José de Ribamar (18th century);
- The chapel of Nossa Senhora do Cabo;
- The palace of Anios;
- Manuel de Brito Center for the Arts - CAMB;
- Municipal garden;
- Ribamar Palace and City Park;
The area has a place for festivals, a garden with terraces and a playground, as well as an interesting shopping center with many shops and a developed service sector.
Purchasing an apartment in a new development in Alges is a profitable investment in a popular resort area with a high and stable rental income.
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