A new report by International Living ranked the small, under-the-radar- town of Caminha the best place to invest in real estate in Europe for its value and growth potential.
The community is located in the northwest along the mouth of the Minho River, which separates Portugal from Spain, and is home to about 16,000 residents. International Living gave Caminha a perfect score of 10 in the relative value category and nine for quality of life and stability.
The ancient town has plenty of character, with fountains, churches, and other buildings dating back to the 16th and 17th centuries. And it’s easily accessible from Porto, which is just an hour and 15 minutes south, providing access to an international airport.
Potential buyers can find apartments downtown for as low as $150,000 and stand-alone houses for $280,000.
And while Caminha is the best place to invest in Europe, another destination took the top prize for global real estate value: Mexico’s Los Cabos.
