An Introduction to Cascais – ‘The Charm of the Atlantic Coast’
30km west of Portugal’s capital city lies the traditional coastal town of Cascais. A popular destination for tourists and holiday homebuyers, Cascais provides a much-needed escape from the hustle and bustle of Portugal’s larger cities; with three golden bays, miles of picturesque beaches and seemingly endless sunshine.
Referred to by many as “The Charm of the Atlantic Coast”, Cascais became famous in the 19th century for its popularity with the Portuguese royal family and today, is one of the country’s most privileged municipalities. Owning a second home in Cascais has become popular amongst those living and working in Lisbon, which has driven up property prices significantly. There are still bargains to be had though, if you’re willing to walk a little further to get to the beach.
Cascais has been growing in popularity for many years. This once quaint fishing village has long attracted those drawn to the region by its stunning natural beauty, including the Sintra mountains in the north, Guincho Beach in the west and the unique Boca do Inferno (Portuguese for Hell’s Mouth) chasm in the seaside cliffs just outside of Cascais. Today, the town’s natural scenery is complemented by a lively, social atmosphere which, unlike tourist destinations like Lisbon and The Algarve, has maintained much of its traditional Portuguese culture.
Cascais provides a chilled, sophisticated alternative to the hustle and bustle of Lisbon city centre but is easily accessible, just 40 minutes from the capital down the A5 highway. The region is also within 3 hours of most major capital cities in Europe, which contributes to its popularity amongst international property buyers.
A well-known watersports destination; surfing, sailing, kitesurfing and windsurfing are all well-catered-for. The region plays host to the ISAF World Championship in sailing for dinghies and racing yachts, as well as multiple international tennis and motorcycling events including the FIA F1 Portugal Grand Prix.
Alongside the sporting activities, the nearby Estoril Casino is one of the largest casinos in Europe and a popular attraction, drawing tourists from all over the continent. Movie buffs may recognise the luxurious Hotel Palácio, where Ian Fleming’s James Bond was served his famous martini – shaken, not stirred - in the movie ‘On Her Majesty's Secret Service’.
With so much to experience it’s obvious why buyers are so keen to own property in this remarkable location. Cascais’ local authority recently put an end to the building of new property, which means that prices in the region look set to continue climbing. With this in mind, buyers who purchase property in Cascais not only get to benefit from living in this fantastic location, but could stand to make a significant profit when they come to sell.