Beach Houses Comporta

Beach Houses Comporta, Portugal

Although Comporta is a beachside retreat, the majority of the Comporta beach houses are located at a short distance from, rather than on the beach itself.

This is because Comporta beach is a protected zone and it is illegal to build a home there. Recent regulations enforce the rule that one’s beach house, must be two kilometres away from the shore.

Beach Houses Comporta Portugal

Some properties have been grandfathered-in due to their date of construction, but height restrictions now forbid two-storey homes. This of course, protects the skyline around one’s property.

The not so distant beach houses are ideal as a primary residence and superb for that summer vacation property, allowing one to relax and enjoy the stunning environment that this beautiful area provides.

Many newly built beach homes are used by their owners throughout the year but leased during peak holiday season. Rental prices for luxury 4-bedroom Comporta beach houses usually range between €8.000 and €30.000 per week.

If you are looking to build your new home, then one should account for around €4,000 per sq. m. This price will vary subject to materials and finishing’s.

For additional information, simply send us an email or get in touch by phone.

 

Comporta Villas

It has always been difficult to find villas for sale in Comporta, as those which were built, were for the homeowner and not for sale. Previous to this, the only properties for sale in Comporta were the traditional fisherman’s cabanas.

These were normally on land owned by the estate, Herdade da Comporta. You could also buy homes and plots within the villages and hamlets which make up this vast area.

Nowadays, although not in great supply, you will find a number of exceptional Comporta villas for sale. These homes may be found within the countryside area known as Muda or nearer to some of our stunning beaches. Many villas for sale may now be located within the newer developments.

Areas to consider should include Brejos da Carregueira, Pego Beach in Lagoa Formosa and at the reserve in Carvalhal.

The majority of these homes are used by their owners throughout the year or put up for lease.

Architect, Pedro Ferreira Pinto, has designed multiple homes in Comporta and has now handed the reigns to his daughter. She will continue the tradition of designing stunning and modern properties in Comporta, Portugal.

 

Traditional Comporta Cabanas

The original Comporta cabanas where homes for the local fishermen. They were arranged in such a way that each cabana had its own use. There would be a cabana for sleeping, (Generally, all of the family together), and individual cabanas for the living and kitchen areas.

These aesthetically beautiful homes were built in a truly environmentally friendly manner, sitting directly on top of the sand. They were constructed with local reeds which were harvested on the shores of the Estuary and pinewood which was cut from the local forests.

Nowadays, one has a choice of materials, however one of the best cabana styled properties is Casas na Areia,  (House on the sand) which was designed by Aires Mateus the much acclaimed Portuguese architect and built by a truly traditional and meticulous tradesmans family, Antonio and Vitor Pinela.

When meandering throughout Comporta, check out the traditional cabanas in Carrasqueira as well as some of the newer ones near Pego Beach and within Brejos da Carregueira de Baixo gated community. Due to the labour intensive construction methods of these traditional Comporta cabanas, expect to pay around €4,000 per sq. m. for construction and finishing’s, however, the final product is worth the price.

First published on livingportugalproperty.com

Comporta, Portugal, Real Estate

Buying a Holiday Home in Comporta

Buying a Holiday Home in Comporta, Portugal.

With interest rates low, many holidaymakers and investors are starting to think about buying a holiday home in Comporta. Holiday rental costs versus mortgage cost comparisons can be very attractive.

Purchasing a holiday home in Comporta can be a serious commitment, with multiple factors to consider:

Holiday Home in Comporta

How long will you live in the house?

Buying a holiday home in Comporta costs money. If you only keep the property for a short while, the value of your home may not have appreciated enough to cover the cost of selling on. The length of time it will take to cover the costs of buying a holiday home in Comporta depends on various factors.

Average appreciation tends to sit at around 10% per year. In this case, you should plan to stay in your home at least 2 – 3 years to cover costs. However, the real estate market can be particularly volatile, and dramatic swings up and down are not uncommon.

How long will the house meet your needs?

What features do you require in a house to satisfy your lifestyle now and five years from now? People tend to keep their houses in Comporta longer than they initially intend. This is primarily due to the sunny weather, and expense associated with selling.

Therefore, it is worth considering buying a vacation home in Comporta that will also suit your needs in the future. Could the basement be turned into a den or extra bedrooms or the attic into a master suite? Having an idea of what you’ll need will help you find a home that will satisfy your needs for years.

House affordability.

Is now the right time financially for you to consider buying a holiday home in Comporta?
Would you rate your financial picture as healthy?
Is your credit good?

While you can always find a lender, people with poor credit tend to pay far more to borrow. Some say that you should refrain from borrowing as much as you qualify for because it is wiser not to stretch your financial boundaries.

The other school of thought says you should stretch to buy as much house as you can afford, because with regular pay rises and increased earning potential, the big payment today will be less of a payment tomorrow. It is, however, important to stay within your budget.

“28/36” Rule.

Purchasing a holiday home in Comporta involves many up-front and ongoing costs, and the stress of worrying about those costs often outweighs the satisfaction that may come from owning a holiday home abroad. To determine how much of a house you can afford, talk to a lender or use a house affordability calculator. Good calculators will give you a range of what you may qualify for. Then call a lender.

While the “28/36” rule applies, lenders are making customised loans fit a particular person’s situation. The rule means that your monthly housing costs shouldn’t exceed 28 percent of your income and your total debt load shouldn’t exceed 36 percent of your total monthly income.

Depending on your assets, credit history, job potential, and other factors, lenders can push the ratios up to 40-60% or higher. While we’re not advocating you purchase a house in Portugal utilising the higher ratios, it’s important for you to know your options.

Where will the money come from?

Typically, house buyers in Comporta will need money for a deposit and closing costs. Having a lot of money saved for a deposit is not always necessary if you can prove that you are a good financial risk for a lender. If your credit isn’t stellar but you have managed to save 10-20% for a down payment, you will still appear to be a very good financial risk to a lender.

High-ratio mortgages can be a good option for those who haven’t managed to save a large chunk of money, but naturally, these have additional costs associated with them.

Cost of buying a holiday home in Comporta.

Maintenance, improvements, taxes, and insurance are all costs that are added to a monthly house payment. If you buy a condominium or townhouse, a monthly homeowner’s association fee may be required. If these additional costs are a concern, you can make choices to lower or avoid fees.

Be sure to make your real estate agent and lender aware of your desire to limit these costs. If you are unsure about buying a holiday home in Comporta after making these considerations, you may want to consult your financial planner. They will help you assess how buying a holiday home in Comporta fits into your overall financial goals.

Now that you have decided that buying a holiday home in Comporta is a great idea, contact real estate Comporta. We will assist you throughout the process, professionally and stress-free.

Comporta Portugal Real Estate

First published on livingportugalproperty.com