Comporta Market Report 2023-24

“Golden sands, Crystal clear waters. A little slice of paradise between the sea and the rice fields.” Comporta, located on the Alentejo Coast and at the gates of Lisbon, stands out for its approximately 40km stretch of white sand beaches, surrounded by dunes and green spaces, known for being a highly sought after destination for its relaxing environment, uniting a set of leisure and cultural infrastructures and a broad culinary offer. In 2022, the resident population in the area that encompasses the municipalities of Alcácer do Sal and Grandola did not exceed 25,000 inhabitants.

Contrary to what happened in most of the country, the number of transactions rose more here during the pandemicthan anywhere else in the country and Comporta boomed(Figure 22). In 2022 and 2023, the decreasing trend inacquisitions stands out, as a result of the international situation, the increase in the cost of living, the inflation rate and increasing difficulties in accessing housing credit.

At the Engel & V?lkers Comporta agency, international buyers represented 40% of total sales in 2023, with German, English and American citizens standing out. Regarding price, there was a 28.6% increase in the average sales price, reaching the value of €9,000/m2 in 2023.

The rental market is not very significant in the Comporta area, with an average of 74 new rental contracts signed in 2023, within the municipalities of Alcácer do Sal and Grandola, not changing much compared to 2022.

The data regarding construction licences and new homes completed for the municipalities of Alcácer do Sal and Grandola (Figure 24) demonstrate some volatility, with rises and falls over the years. However, 2023 represents growth,both in new licences (30.8%) and in completed homes (26.4%), showcasing the existence of a need to expand the supply of new homes in the area.

Analysis of housing price growth (€/m2) within the municipalities of Alcácer do Sal and Grandola reveals a consistent upward trend since 2022 (Figure 25). In 2023, the municipality of Alcácer do Sal has seen prices rise at an accelerated pace, reaching €2,067/m2 in the last quarter of 2023, and in Grandola, despite registering an increase in the same period, this is less pronounced, registering a drop in the last quarter of 2023, standing at €1,273/m2.

With regard to the rental market (Figure 26), it is worth noting a significant growth in the values from the municipality of Grandola, which rose from €5.2/m2 in 2022, to €7.4/m2 in 2023. In Alcácer do Sal, the growth trend of previous years is confirmed.