Cascais - Alcabideche - Oeiras

Cascais and Estoril are coastal towns located just 30 kilometers west of Lisbon, in the Lisbon District of Portugal. Renowned for their rich history, these regions were once small fishing villages that transformed into royal summer residences in the 19th century. Notable historical landmarks include the Palacio da Cidadela de Cascais, which was formerly a fortress and later a royal palace, and the picturesque Forte da Cruz in Estoril. The stunning coastline and luxurious amenities make these towns highly desirable locales for purchasing an exclusive property.

The Current Exclusive Property Market

The current exclusive property market in Cascais and Estoril remains strong. Demand for luxury homes and apartments often outstrips supply, leading to a highly competitive market. The political and economic situation in Cascais and Estoril is stable, which adds an additional layer of security for potential investors.

Costs and Commissions

When purchasing a luxury home or apartment in Cascais and Estoril, it is crucial to account for additional costs such as the transfer tax, realtor commissions, notary fees, and possible construction inspection or legal fees. The transfer tax on private property is generally around 6-8%. Buyers typically pay an average real estate commission of 4-5%, while sellers usually pay between 5-6%. It's worth noting that there is a wealth tax for properties valued above certain thresholds, and capital gains tax may also apply, especially if the property is not the main residence.

Mortgage and Financing

General mortgage requirements for buying a home in Cascais and Estoril consider the ratio between one's own capital and the loan amount, typically requiring at least a 20% down payment. Some banks may allow up to 80% of the property’s purchase price to be financed. Income qualifications and credit history will also be scrutinized carefully by lenders.

Luxury Residential Areas

The most expensive and sought-after residential areas in Cascais include the neighborhoods of Quinta da Marinha, Monte Estoril, and the picturesque village of Guincho. These areas offer a plethora of high-end properties with stunning ocean views and premium amenities.

Accessibility

Cascais and Estoril are highly accessible by road and rail. The towns are well connected to Lisbon, which is just a 30-minute drive away. The nearest international airport is Lisbon Airport, offering extensive national and international flights.

Educational Institutions

Esteemed educational institutions in the vicinity include St. Julian's School in Carcavelos, IPS International Preparatory School, and Nova School of Business and Economics, providing top-tier education options.

Natural Environment and Climate

The natural environment in Cascais and Estoril is breathtaking, with scenic coastlines, beautiful beaches like Praia do Guincho, and lush green parks. The climate is Mediterranean, characterized by warm summers and mild winters, ideal for outdoor activities year-round.

Sports and Outdoor Activities

Cascais and Estoril offer an array of sports and outdoor activities, including golfing at the prestigious Oitavos Dunes, sailing, surfing, and hiking in the Sintra-Cascais Natural Park. Tennis and horseback riding are also popular among residents.

Shopping and Lifestyle

For a luxurious lifestyle, Cascais and Estoril boast high-end shops at CascaiShopping and affluent boutiques in the historic center of Cascais. Exclusive hotels like The Oitavos and Hotel Palácio Estoril further enhance the appeal.

Fine Dining and Entertainment

The region is home to renowned restaurants such as Fortaleza do Guincho, which has been awarded a Michelin star. Estoril is known for its chic nightlife and the famous Casino Estoril, one of the largest in Europe.

Annual Events

Well-known annual events include the Estoril Open tennis tournament and the Cascais Sailing Week, attracting international attention and visitors.

Art and Culture

Cascais and Estoril offer cultural enrichment with museums like the Casa das Historias Paula Rego and galleries such as the Cascais Cultural Center. The Estoril Congress Center hosts various cultural and corporate events.

Healthcare Facilities

Residents have access to top-notch healthcare facilities like the CUF Cascais Hospital and the Cascais Health Center, ensuring excellent medical care.

Public Infrastructure and Amenities

The public infrastructure in Cascais and Estoril is highly developed, offering modern amenities, efficient public transport, and well-maintained public spaces, making it an attractive location for living a luxurious lifestyle.