Real Estate in Coimbra, Portugal
Last updated on May 09, 2024
Summary: People living in Coimbra, Portugal offer advice about real estate. How do you find a home in Coimbra? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Coimbra?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Coimbra involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should research the different neighborhoods in Coimbra to find one that suits your lifestyle and preferences. Some popular areas include the city center, Celas, and Santa Clara. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Coimbra. Websites like Idealista, OLX, and Uniplaces are popular options. You can also use a real estate agent to help you find a place. They can provide you with listings that match your criteria and arrange viewings. However, keep in mind that you'll likely have to pay a fee for their services. When you find a place you're interested in, make sure to visit it in person before making any commitments. Check the condition of the property, ask about any additional costs such as utilities or community fees, and try to meet the landlord or property manager if possible. Finally, once you've found a place you're happy with, you'll need to sign a rental agreement. Make sure to read it carefully and understand all the terms before signing. You'll also typically need to provide a deposit, which is usually equivalent to one or two months' rent. Remember, finding a place to live can take time, so start your search well in advance of when you plan to move," said one person in Coimbra.
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What is a typical expat home or apartment like in Coimbra?
"A typical expat home or apartment in Coimbra, is often located in the city center or in the quieter residential areas. These homes usually have a traditional Portuguese architectural style, with white-washed walls, terracotta roofs, and often feature balconies or terraces. The interiors are typically modern and well-maintained, with fully equipped kitchens, spacious living areas, and one to three bedrooms. Some apartments may offer stunning views of the city or the Mondego River. Many expats choose to live in apartments within walking distance to local amenities such as markets, restaurants, and cultural sites. Some homes may also have access to a communal swimming pool or garden area. Despite the old-world charm of the buildings, most homes are equipped with modern conveniences such as internet, air conditioning, and heating systems," said one person in Coimbra.
What is the average cost of housing in Coimbra?
If you are thinking about moving to Coimbra, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Coimbra can vary greatly depending on the location and size of the property. For instance, the cost of renting a one-bedroom apartment in the city center may be around €500 per month, while the same kind of apartment outside the city center may cost around €350 per month. If you're looking to buy property, the average price per square meter in the city center can be around €2,000, while outside the city center it may be around €1,500. However, these prices can fluctuate based on market conditions and other factors," explained one expat living in Coimbra, Portugal.
Should I buy or rent a home in Coimbra?
If you have not spent a lot of time in Coimbra, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Coimbra, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Coimbra for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, property taxes, and insurance. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not financially ready for these expenses, renting might be a better option. Renting a home in Coimbra offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money and the landlord is responsible for maintenance and repairs. In addition, the real estate market conditions in Coimbra should also be considered. If the market is favorable for buyers and you have the financial means, it might be a good time to buy. On the other hand, if the market is more favorable for renters, or if home prices are high compared to your budget, renting might be the better choice. Lastly, consider your lifestyle preferences. Some people prefer the freedom and flexibility that comes with renting, while others prefer the stability and potential financial benefits of owning a home. In conclusion, the decision to buy or rent a home in Coimbra, Portugal, should be based on your financial situation, long-term plans, and personal preferences. It's recommended to consult with a real estate professional or financial advisor to help make the best decision for your circumstances," said one person in Coimbra.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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