Golden Visa Investment opportunities in the Azores Islands Real Estate Market
DRP Advisers would like to invite you to explore these magical islands together.
The 9 islands of volcanic origin, which make up the Azores Archipelago, are of an undeniable breath-taking landscape. According to the European Best Destination the Azores have the most beautiful landscapes in Europe.
The islands of the Azores Archipelago: Santa Maria, São Miguel (east), Terceira, Graciosa, São Jorge, Pico, Faial (centre), Corvo and Flores (west), together with the Madeira Archipelago, the Canary Islands and Cape Verde define the biogeographic region designated as the “Lucky Islands”; due to their natural and landscape wealth.
The natural attractiveness of the Azores has been a driving force for tourism and investment, and consequently of socio-economic development.
The Azores Island as the best destination in the Atlantic
In the middle of the North Atlantic, the 9 islands that make up the Azores Archipelago are scattered along a range of 600 km and at a distance of 1600 km from the European Continent. They are characterized by a blue paradisiacal of the sea – which earned him the award of the prize of one of the most beautiful destinations for whale watching in Europe, as well as the one that presents the best practices of protection of underwater heritage – and , a majestic green of nature surrounded by red landscapes, – due to which they were awarded the recognition of best destination for adventure and cycling activities and one of the most sustainable – proving the attractiveness of the Azores Island, which made it the best destination in the Atlantic.
Azores are already the symbol of the alliance between Portugal and the USA represented by Base das Lajes as a support for the military presence of this country.
The island of Santa Maria, in Azores, will, very soon affirm the dynamism that characterizes it, becoming an important Ecosystem of Space Innovation in Europe, aiming at the integration of data and space technology in society and the economy in a sustainable way. The Portugal Space intends to promote the Azores as an outermost region through the introduction of socioeconomically beneficial activities. Among the activities foreseen in the Space Innovation Program, to take place on the island of Santa Maria in Azores, are:
– International Launch Program of Satellites of Azores;
– Facilities for the operation of Space Rider, the future vehicle that intends to explore the microgravity environment for the development of new products, for example, for the pharmaceutical industry;
– A Teleport to support the operations of ESA (European Spatial Agency) and EUMETSAT (European Organization for the Exploitation of Meteorological Satellites);
– Engine testing facilities for micro launchers;
– Expansion of existing airport infrastructure.
The attractiveness of the Azorean Real Estate Market
With a strong commitment to the socio-economic boosting of this island, the Azores offer an investment-friendly environment that, combined with the developing programmes, will allow an essential enhancement of existing infrastructures, the creation of new facilities that boost local employment and the creation of new business clusters.
Tourism has a strong influence on the economic development of the Azores, also representing an opportunity for investment in the Real Estate Sector, whose accommodation options are a significant part of the attractive material that excels in rural tourism, local accommodation and hotel diversity.
The statistics show a marked recovery of the real estate market, after the pandemic crisis, where there is a rate of 6% in the evolution of prices per m2 of real estate, both for sale and for rent, in just one semester.
Given all these factors, it will not be difficult to conclude that there is high potential in the real estate market, were it not for the notorious and constant development of the Island, and the appreciation for the guarantee of sustainability, as a source of various types of life.
If you are interested in Azores Real Estate, please contact our expert consultant:
E-Mail: renata@drpadvisers.com
Phone: +351 912 585 085
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