FT dubs Comporta “Hamptons of Portugal”
The British international business daily Financial Times has dubbed miles of unspoilt land at Comporta ripe for luxury development as “Portugal’s answer to the Hamptons”.
The FT says that house prices at Comporta, on the Alentejo coast, have shot up 50% over the past two years with a typical one-bedroom apartment costing between €200,000 and €350,000.
The newspaper has nicknamed the area as “The Hamptons” after the luxury and secluded group of villages and hamlets in and around the towns of Southampton and East Hampton on Long Island off New York because of the high demand to live there from rich overseas investors.
At Comporta it is widely publicised that Madonna has enjoyed horse riding on the 30 km swathe of unspoilt beaches which stretch between it and Melides.
Some of the famous names who have rented or bought properties here include the designer Philippe Starck and the shoe designer Christian Louboutin as well as French aristocrat Louis-Albert de Broglie, known as the ‘Gardener Prince’.
The FT also mentions that the prices of recently built homes are “comparable” to homes located in luxury Algarve resorts with prices for apartments starting at €275,000 and surpassing €1 million.
Interest in Comporta has ballooned since 2014 with the collapse of the Banco Espírito Santo Group.
The French real estate tycoon Claude Berda of Vanguard Properties currently co-owns tracts of land at Comporta for development with co-investors José Cardoso Botelho and Amorim Luxury.
Fast becoming an “emerging jet-set destination”, Comporta is situated in an area of fishing villages which are now exclusive and stunning and offer an al