Yesterday, I sat down with RETA’s Senior Researcher, Margaret Summerfield, to talk through everything I’ve uncovered during my whistle stop visit to Caminha in northern Portugal earlier this week…
- How my wife and I are managing the renovation of our historic mansion in Caminha…(the fact that she speaks fluent Spanish helps…)
- Why a broker won’t find you a home in this part of the world…and how you can take responsibility for discovering that dream home yourself…
- How the property market in Caminha has changed in the nine months since we bought…and why you can no longer expect to pay 10% below listing price…
- What’s the X factor that makes Caminha so special?
- And much more.
You can watch our conversation here:
In the video, Margaret and I dive into what’s happening on the ground and walk through four standout listings in Caminha.
Margaret and I discuss a number of listings currently on the Caminha real estate market in the video. Here are the links so you can check them out for yourself:
- A 2,000-square-foot condo facing Caminha’s lagoon—on the market for €510,000
- This 3,600-square-foot house for sale in the village of Seixas…on sale for €186,000
- A possible conversion project…turn this €195,000 house into two apartments…or an apartment plus a ground-floor commercial unit
- A preconstruction housing development that’s walking distance from the town, where you can buy a home for €325,000.
Watch the video for our full discussion of the properties:
Portugal isn’t over—as some influencers claim. But to find the real gems, you need to dig a little deeper. In this video, Margaret and I discuss how to do just that.
In a market where value is getting harder to find, Caminha still has room to run…for now.
Wishing you good real estate investing,
P.S. I’ll be back in Caminha in five weeks. I hope to share a full walkthrough of my home then. I’m so excited. I expect this home to be worth €1 million within five years, because we are buying best-in-class real estate, at a great price, before the crowds arrive.
