Portugal, decidedly the “it” destination for the past couple of years, continues its ascendancy.
(...) American inquiries into Portuguese property are up 67 per cent this year, and global consultants PWC recently named Lisbon the best European city for investment and development. Lisbon’s current hot commodity is Marvila, the historic meatpacking and market district. (...)
One hundred ninety miles to the north, Porto offers a heady combination of ancient beauty and great wine, a legacy that will be celebrated in a big way when the €100 million World of Wine visitor attraction opens in July. (...)
South of Lisbon, the newly popular Alentejo coast will be basking in the limelight come summer when Christian Louboutin opens his boutique hotel in Melides. “Nearby Comporta is becoming too crowded,” says Margarida Freitas of real estate firm Tamea International. “Melides, which has better sea views, is attracting high-profile buyers.” Also coming soon: the area’s first major development, Umay, with a hotel, treehouses, and a handful of villas designed by Portuguese architect Vasco Vieira and set amid a 50-acre pine grove. Prices range from just under $500,000 to $1.52 million.