Essential Business

Setúbal to launch property fair

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Setúbal is to launch the first Setúbal Property Fair which runs between 13 and 15 September in the town.

Organised by the company SETSER, a startup focusing on condominium management, rental property management and cleaning services, the event will take place in the building Cais 3 on the waterfront.
The initiative has the support of the real estate activities college Escola Superior de Actividades Imobiliários; the railways companies CP – Comboios de Portugal and FERTAGUS, AMARSUL and the port authority company APSS – Administração dos Portos de Setúbal e Sessimbra, S.A.
The coastal town of Setúbal is fast becoming one of the most attractive cities for investment and in which to live according to the online property site Diario Imobiliário.
“It is no longer seen as a poor district, rather Setúbal has been attracting new national and international residents” it states.
Just 40 km from Lisbon, with a waterfront onto the River Sado and against the stunning backdrop of the Serra da Arrábida hills, the city has succeeded in lifting itself out of the economic depression it had suffered for decades to become one of the most attractive investment destinations in Portugal.
João Pedro Rasquinho, CEO of SESTER explains that the real estate market in Setúbal has “entered an interesting phase with great demand (despite supply not meeting the demand).
“We believe that Setúbal is no longer seen as the capital of the poorest district in Portugal but now a city that is very attractive in which to live, invest and visit.”
He also admitted that Setúbal had experienced the consequences of rising property prices in Lisbon as demand for property had soared to other nearby towns.
“There is still a lot to do in this city but little by little we are improving things and making it even better,” he said.
The riverfront has been modernised and improved to cater to the growing number of tourists who are attracted to the town’s historic centre, the bustling river and estuary boat trip trade, trips to the nearby luxury hotel and second home resort of Tróia and the picturesque sandy beaches of Serra da Arrábida.
In recent years the area has attracted a strong community of French and Belgian citizens as well as day trippers from Lisbon eager to sample to the fish and seafood dishes of one of Portugal’s most beautiful estuaries famous for its dolphins and migratory river birds.


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