Grândola - Carvalhal - Comporta

Nestled in the scenic region of Alentejo, Melides boasts a rich history dating back to Roman times, leaving behind charming historical sights such as the quaint São Pedro Church and a network of ancient roads. This picturesque village, known for its whitewashed houses and cobbled streets, is strategically positioned near the Atlantic coastline, providing stunning views and access to pristine beaches. Surrounded by lush forests and rolling hills, Melides offers a serene environment conducive to a luxurious lifestyle. With its proximity to Lisbon, approximately 130 kilometers to the north, Melides enjoys the tranquility of rural Portugal while remaining accessible to urban amenities.

Luxury Real Estate Market in Melides

The exclusive property market in Melides is currently experiencing a strong phase, characterized by high demand and limited supply of luxury homes and apartments. This high demand is driven by the area's increasing popularity among affluent buyers seeking tranquility and luxury. As a result, potential buyers should be prepared for competitive conditions when investing in this desirable region.

Political and Economic Stability

The political and economic situation in Melides, and Portugal as a whole, is stable, contributing to a secure investment environment. The country has been praised for its transparency and business-friendly policies, making it an attractive destination for international real estate investors.

Cost Considerations for Buying Property

When purchasing a luxury home in Melides, buyers should consider various additional costs. The property transfer tax in Portugal varies between 1% and 8%, depending on the purchase price. Buyers typically pay a real estate commission averaging 5% of the purchase price, while sellers may also pay similar rates. Other costs include notary fees, legal costs, and potential construction inspection fees.

Taxation Information

Real estate owners in Melides are subject to a wealth tax on properties valued above €600,000, with rates approximately ranging from 0.3% to 0.45%. Capital gains tax is applicable on the profit made from selling a second home, but exemptions apply to the main residence under certain conditions. The corporate tax rate for registered companies is 21%, while income tax rates for residents can range from 14.5% to 48%.

Mortgages and Financing

In Melides, the maximum mortgage one can obtain typically covers up to 80% of the property's purchase price, subject to the buyer's financial profile. Portuguese banks usually require a good ratio between own and foreign capital, alongside stable income levels, to approve mortgage applications.

Premium Residential Areas

Melides features several premium residential areas, particularly those overlooking the Atlantic Ocean and the tranquil Melides Lagoon. These areas are highly sought after for their luxurious villas and proximity to nature.

Connectivity and Accessibility

Melides is well-connected by road and enjoys relatively easy access to Lisbon via the A2 motorway. While the village itself does not have a train station, nearby hubs and the proximity to Lisbon's infrastructure facilitate convenient travel. The nearest big city is Setúbal, approximately 60 kilometers to the north, and Lisbon's international airport is about a 90-minute drive away.

Educational Institutions

While Melides is primarily known for its scenic beauty, parents can find reputable schools in nearby cities such as Grândola and Setúbal, ensuring quality education for their children.

Natural Beauty and Climate

Melides is renowned for its striking landscapes, featuring sandy beaches, pine forests, and rolling vineyards. The climate is typically Mediterranean, with hot, dry summers and mild, wet winters, making it ideal for year-round outdoor enjoyment.

Leisure and Lifestyle

The village offers a range of outdoor activities, from hiking in the Serra de Grândola to water sports at Melides Beach. For luxury shopping and dining, nearby towns offer boutiques, high-quality restaurants, and exclusive nightlife. Noteworthy establishments include the high-end Sublime Comporta Hotel and the renowned O Dinis restaurant in Carvalhal.

Cultural and Health Amenities

Melides hosts various cultural events throughout the year, such as local festivals celebrating its rich heritage. Although it lacks major cultural institutions of its own, nearby cities and towns offer museums and galleries, enriching the cultural landscape. Health services can be accessed at nearby healthcare providers in Grândola and Alcácer do Sal.

Infrastructure and Amenities

Melides boasts a well-maintained public infrastructure, offering essential amenities such as water supply, waste management, and road networks, ensuring a comfortable living experience.