Dan Dalton took a risk when he purchased an unbuilt three-bedroom house in Comporta, a remote village on Portugal’s Atlantic coast, in 2019. At the time, there were no hotels, the area was deserted, and the couple had doubts about the hype surrounding the village. However, four years later, they have made friends and feel part of a growing cosmopolitan community in Comporta. The infrastructure is still developing, but new restaurants are opening, and the area is becoming more gentrified. The couple has also seen a significant increase in property prices, with villas selling for three times what they paid for their own.
Comporta has been an emerging destination, known for its affordability compared to Lisbon and its bohemian charm. However, recent asking prices seem to be disconnected from its status as an emerging hotspot, and potential buyers may find that there isn’t much available in the area. The number of sold homes in Comporta has increased, and the average asking price for new properties has risen significantly. Even for those with a higher budget, there are very few finished homes for sale in the area.
Developers and individuals often face lengthy waiting times for building permissions due to strict planning rules, resulting in some projects being stalled or shelved. Despite the rising prices, US buyers are still showing interest in the area, but they are looking for move-in ready properties and not fixer-uppers. Affordability may no longer be the main attraction for buyers, but the promise of an artistic community surrounded by raw nature continues to draw people to Comporta.
Although the area is gaining more buzz, mostly during the summer season, there are still challenges. Luxury resales are often off-market and exclusive, making it difficult for buyers to find available properties. Some residents also voice concern about the pursuit of high-end tourism, as it has led to higher prices and visible disparities between affluent villas and neighboring homes of people living in poverty. The area is also highly seasonal, which can pose challenges for small local businesses.
Despite these challenges, Comporta remains an attractive destination for those seeking peace and a connection with nature. The area is seeing developments such as new restaurants, a private member’s club selling villas, and a golf course. While property prices near the coast are high, prices start to decrease if you move inland. Some buyers are also looking to take advantage of the golden visa scheme before it ends, purchasing properties further inland.
Comporta may still be a work in progress, but it offers long-term potential as an idyllic coastal destination in the Alentejo region.
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