Updated: September 18, 2024
Recent data released in the latest Market Report Portugal shows that foreign buyers made up 40 percent of luxury property transactions in the Portuguese parishes of Comporta and Melides, further showcasing Portugal’s booming real estate market.
Why properties in Comporta and Melides?
Both Comporta and Melides, located on the southwest side of Portugal, along the Alentejo Coast, are becoming highly sought after for their luxury properties – and it is no mystery why.
The properties stand out for their iconic blend of traditional Alentejan architecture and contemporary design. At the same time, this region boasts idyllic, peaceful surroundings and a slow-paced lifestyle with plenty of activities on offer.
Comporta
Comporta is known for its surreal beaches, natural beauty, and charming village lifestyle. It is a peaceful sanctuary away from the Portugal’s busier cities, but still offering activities to suit any lifestyle.
From local artisanal markets and quaint cafés, to watersports, fine dining and golfing, there are ample activities that make the lifestyle attractive to property buyers. Many affluent people also decide to relocate or invest in Comporta real estate because of this high-quality, yet relaxed lifestyle.
Properties in Comporta tend to favor rebuilds and remodeling over new builds, preserving the history of the architecture while still providing modern comforts and aesthetics. This, along with the elegant charm of the area proves why properties in the area continue to grow in demand.
Melides
Similar to Comporto, Melides offers stunning natural surroundings and the same peaceful escape from bustling city life.
The town has become increasingly sought after for its developing tourism, natural landscapes and its luxury properties.
Besides the fine dining and excellent wines from local vineyards, affluent individuals are drawn to Melides real estate for the luxury villas and stunning waterfront houses on offer. These high-end properties often come with private pools, gyms and other luxury amenities.
Property Prices
According to the Market Report, housing prices in the Comporta and Melides region recorded an annual variation in the average price of 28.57 percent compared to 2023, reaching a value of €9,000 per square meter.
While these properties are pricier than the average you’ll pay in Portugal, considering the high-end nature of these luxury properties, situated in these sought-after areas, the prices generally are still more affordable than equivalent properties in Western Europe.
Investing in Property as a Foreigner
If you’re considering buying property in Portugal, enlisting the help of a buyer’s agent will ensure you get the best price and the most value while accommodating your unique needs. Get in touch with our team to access exclusive information and local expertise on how to buy property as a foreigner.
Considering buying property in Portugal? Find out how in our expert guide
