Portugal has become one of the most popular tourist destinations in Europe. In recent years, the country has attracted many real estate investors, both national and foreign, who have taken advantage of the competitive prices, tax benefits, and quality of life.
The municipality of Grândola, located in the Alentejo region, is a highly sought-after area for tourists and the real estate market.
It is home to the renowned resorts of Comporta and Melides, which offer unspoiled beaches, natural reserves, golf courses, luxury restaurants, and exclusive accommodations.
Over the last decade, these resorts have experienced significant growth in tourism and real estate, attracting VIPs such as Madonna, Christian Louboutin, and Philippe Starck, who have made it their home. The area is popular with high-end clients who seek to escape the chaos of the big cities and enjoy a pristine natural landscape with top-notch services.
In 2010, when I decided to buy land halfway between Comporta, to the north, and Melides, to the south,
there was only one 4-bedroom hotel in the area, Casas na Areia. By Aires Mateus, this small project represented Portugal at the Venice Architecture Biennale.
Otherwise, there were just a few fishermen's and farmers' bars and some typical, modest "tabernas" where you could eat excellent local fish.
Today, the area between Comporta and Melides, in the municipality of Grândola, has a long list of upscale restaurants, bars, beach clubs, and recreational activities available.
and a multitude of tourism projects, already operational or in progress, of which 27 are large and very large and represent a total investment of 4 billion euros, excluding the important number of small and medium-sized projects.
The area in question totals around 3,300 hectares, and mainly high and very high-end properties will be built and placed on the market.
Below is the complete list.
In this dynamic and upscale real estate environment, I am selling my property.
It's a land measuring 8,2 hectares,
a 124 m2 house,
a barn of 60 m2,
and the possibility of building an additional 376 m2 for residential use, totaling a maximum of 500 m2.
Asking Price €2,500,000 is non-negotiable.
The table below shows the valuation of my property.
An in-depth analysis of the real estate market in the municipality of Grândola and how my property relates to it is available at the following link:
My property will remain on the market until the end of October 2024, at which point it will be withdrawn. This decision is based on the planned conclusion of the suspension of the PDM (Municipal Master Plan) at the end of this year. Following this date, the analysis and granting of construction licenses for tourist establishments will resume, but only for the 87 projects that were submitted to the Grândola City Council before June 3, 2022.
Only these projects will be considered for licensing, in chronological order of entry, until the remaining 4203 tourist beds are taken.
Meanwhile, the Mayor of Grândola is reportedly negotiating the acquisition of tourist beds from the neighboring municipalities of Alcácer do Sal and Santiago do Cacem to fulfill all the license requests that have acquired some rights.
If I obtain the license for my Rural Hotel project, which can be built on a site up to 1.694 m2, the new sales price will be €3,250,000.
The table below shows the valuation of my property with a tourist project license.
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A thorough land-clearing operation has just been completed.
I have removed 95% of the eucalyptus and maritime pine trees. All the roots were extracted, and the soil was cleaned and leveled using a harrow. Additionally, any remaining trees will be pruned with a Manitou equipped with a telescopic arm, allowing for a thorough cleanup. The final visual result resembles that of a golf course, featuring large open spaces that increase light and create a broader, deeper perspective.
This clearing operation is being carried out according to the master plan for the rural hotel project, which is currently pending licensing. The goal is to ready the area for potential buyers interested in developing a rural tourism project (TER) by providing a clean and prepared site for proposed construction. This also gives anyone looking to build a spacious residence the chance to choose the ideal construction site from various options tailored to their preferences and needs.
At the following link, you will find the photographic documentation of the work done.
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