Quite possibly Portugal’s best-kept secret, the posh beach town of Comporta is attracting the interest of international investors. The pristine beaches and scarce urban development of the area have put the town on the radar of big money investors who have spotted the possibility of turning Comporta into the new Ibiza, according to the Spanish newspaper, El Mundo.
Until now, few people have heard of this hidden gem which is just south of Lisbon. It forms part of an isolated estate that was once in the hands of the Crown, then a British holding company and more recently, the Espirito Santo family, one of the richest families in Portugal. None of them were able to recognise the true potential of this village and limited themselves to simply managing the numerous existing rice fields. The beaches which are now an up-and-coming hotspot for the rich and famous, were once nothing more than entertainment for the workers in these fields. Find out things to do in Comporta.
The situation in Comporta changed radically at the turn of the century, when the head of the Espirito Santo bank, Ricardo Salgado, created “Herdade de Comporta”, one of the largest agricultural estates in Portugal, with the aim of turning the 12,500 hectare estate into a destination of reference for luxury tourism. Salgado's plan to transform the village suffered a severe setback in 2014; his bank collapsed amid allegations of fraud and money laundering, meaning he was forced to give up several of his properties.
Since then, many international investors have shown an interest in the area. Last November a committee of Portuguese and French real estate investors managed to take over the real estate assets of Herdade. The new owners are Amorim Luxury and Vanguard Properties, who have forked out 157 million euros for about 1,400 hectares of land in which they intend to invest 1,500 million euros. Discover current real estate agents in Comporta.
The idea of these investors follows the line of the recent real estate boom in Portugal. The Portuguese coastline is at its peak and other towns close to Comporta, such as Troia, have even managed to win the hearts of important personalities like Sandra Ortega. The daughter of the famous Spanish businessman has launched a luxury hotel project that hopes to be ready in 2024.
Article seen in: La 'nueva Ibiza' de Portugal desata el interés de los inversores internacionales (El Mundo)
Vale do Lobo to launch new apartments and off-plan houses
For the first time in almost two decades, the Vale do Lobo resort is preparing to launch a “new real estate product in plan”. There will be apartments and semi-detached houses in the Vale Real area, also aimed at the “new, more demanding generation of visitors and owners”.
A dream villa in Soltroia, Portugal: 452 m2 with rooftop included
Today we're taking a closer look at this modern two-storey house in Soltroia, with 452 square metres (m2), which is being created by the Traçado Regulador studio.
Portugal's richest families live where houses are most expensive
The richest families in Portugal earn around 21,000 euros gross per month. And they live in the municipalities of Lisbon and Porto, on their outskirts, and in Loulé, concludes the most recent analysis by the Ministry of Finance.
Quinta do Lago real estate to be marketed by Forbes Global Properties
Luxury properties in Quinta do Lago, in the Algarve, will begin to be sold on the Forbes Global Properties luxury real estate platform, along with the best homes in the world. At issue is a partnership between Forbes Global Properties in Portugal and Quinta do Lago Real Estate, a real estate agency owned by the developers of the Quinta do Lago luxury resort.
Where to find luxury homes in Portugal
The search for luxury homes in Portugal unveils a fascination with opulence and comfort that intertwine with the country's rich history and geographic diversity. From the sun-drenched Algarve to the serene islands of Madeira and the Azores, explore the most exclusive and sophisticated residences available for purchase. Whether you're looking for a beachfront villa, a modern apartment, or a stately home, Portugal offers a unique blend of luxury living in settings that are rich in natural beauty a
Sonae to open two new hotels in Madeira and the Algarve
Sonae Capital intends to continue investing in the hotel business in Portugal. It will make its debut on the island of Madeira, with the opening of a new hotel in Funchal, and strengthen its presence in the Algarve with the opening of a unit in Lagos. The projects will add 300 beds to the group's tourist offer.