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2443 sqft
Real estate in Buraca
The Algarve region in southern Portugal is a popular destination for both home buyers and investors from across the globe. If you're dreaming of owning a home or are looking to purchase a condo in an idyllic location blessed with golden beaches, then Buraca in Faro should definitely be on your radar. This attractive town in the Faro district, with a coastal location and traditional pastel-coloured buildings, has earned itself the nickname "Cidade Colorida" or "Coloured City" due to its charming architecture and scenic surroundings. Before you connect with a regional real estate agent, it's crucial to familiarize yourself with the market trends in this locality, explore what kinds of properties are available for sale in Buraca, and get an idea of the investment required to acquire a vacation home in such a one-of-a-kind location. The diversity of the real estate landscape in Buraca, coupled with its wonderful scenery and pleasant climatic conditions, makes it a top choice for individuals seeking to own a piece of property in the beautiful Algarve region.
Buraca properties: Market trends overview
The Buraca real estate market in Faro, Portugal, has been witnessing a consistent increase in property prices, making it a desirable location for foreign investors and buyers. These buyers predominantly come from Scandinavian countries, the UK, Germany, and the United States. The superior location of Buraca, on the coast of Faro, allows for a leisurely lifestyle, yet offers an energetic and active vacation experience due to the numerous entertainment centers, golf clubs, and its close proximity to the lively city of Faro. Buraca boasts a lively coastal atmosphere, a rich cultural past, and a high standard of living. In recent years, the local authorities in Buraca have been investing significantly in the town's progress, offering various property alternatives for domestic and international homeowners. These include contemporary townhouses, apartments, modern-style villas, traditional farmhouses, and penthouses. It is easy to find property and apartments for sale in Buraca, Faro, that cater to any budget and lifestyle preferences, making the charming town extraordinarily welcoming to foreign property buyers.
Average price of a property for sale in Buraca
What could be the average price for properties in Buraca, Faro? As with any real estate market, there are various aspects to consider, such as the type of property, distance to the city center or beaches, available amenities, and personal preferences (such as luxury features, size, and accessibility). Recent statistics indicate that the peak asking price for a property for sale in Buraca, Faro hovered around €2,114 per square meter. The steepest real estate prices are typically found in the quintessential Buraca town center. Conversely, the most affordable properties, with an average price per square meter at around €1,552, are generally located in the outskirts of Buraca. Currently, the median asking price for a house is approximately €450,783.
Types of properties can you find in Buraca
In Buraca, Faro, Portugal, the real estate market is diverse and dynamic, encompassing various types of properties from contemporary apartments to upscale penthouses, sea-view villas, and traditional Portuguese farmhouses. Many top properties are situated in secure residential complexes. Properties like 3-4 bedroom apartments, complete with expansive terraces, and two-storey homes, each boasting private entrances, spacious terraces, and well-equipped kitchens, are common. Alternatively, you may choose to invest in a newly built villa located in a sought-after location in Buraca, Portugal, with stunning sea views. These properties are within walking distance of the beach, making them an ideal residence for those desiring a seaside lifestyle. Whether you are seeking an apartment or a high-end villa, Buraca, Faro, Portugal offers an array of property options to suit a range of lifestyles and budgets.