The municipality of Caminha leads the 2024 edition of the Real Estate Trend Alert (RETA) International Real Estate Index, being considered the best for investing in the real estate market at a European level and the second best worldwide, only surpassed by Los Cabos, in Mexico.
According to the authors of the ranking, who gave the location a score of 10, Caminha is “practically unknown”, but obtained the best rating on the entire national coast.
According to the Vale do Minh Radioo, “the detailed examination goes beyond conventional market analyzes that are based solely on macroeconomic data. The index is the product of extensive on-the-ground research, with each destination being personally evaluated by RETA members.”
The same radio says that “the member who visited Caminha, about an hour from Porto and separated from Spain by a river, says he saw empty shells of buildings and waiting for someone to bring them back to life”.
The author of the ranking considers that “Caminha is on the verge of a boom”, and should attract richer visitors and owners with residences usually located in Northern Europe or the USA. But this will also drive up prices.
“When I visited recently, I found a four-bedroom apartment in the city center for just €140,000. For 395 thousand euros, there was a large house of 3,200 square meters with views of the river and Spain”, reads the report cited by Radio Vale do Minho.
