Portugal Business News - Prince Harry and Meghan bought a new house in Portugal on the idyllic Alentejo coast.
It is in luxury resort CostaTerra Golf & Ocean Club that Prince Harry and Meghan bought a new house in Portugal. Since CostaTerra resort is the place where Princess Eugenie’s husband is living and working, Harry and Meghan spent a few days there on holiday during the summer of 2023, to spend time with their family in the house that Princess Eugenie’s husband, Jack Brooksbank, bought in 2022.
The royal family loves Portugal’s beautiful Alentejo coast so much that the youngest son of British King Charles III bought a new house in CostaTerra resort in the municipality of Melides. While Prince Harry and Meghan now have their dream holiday house in Europe, they will be close to their family and their children, Archie who is 5, and Lilibet who is 3, will be able to develop stronger ties to the royal family through Princess Eugenie's sons, August who is 3, and Ernest who is 1.
Media reports suggest that Harry and Meghan have paid £3.6 million for their new beach house in Portugal, that is located just an hour's drive south of Lisbon on Portugal's west coast, between Comporta and Melides.
Prince Harry and Meghan’s new real estate investment in Portugal may help them obtain a Golden visa that will give them EU citizenship. Since Harry and Meghan no longer have a place to call their own in the United Kingdom after their move to the US three years ago, they have chosen to buy a property on Portugal’s Alentejo cost that is now the place to buy a house if you are rich and famous.
Paris Hilton also bought a house on Portugal’s Alentejo coast in luxury resort CostaTerra, where she will be next door to George Clooney, Sharon Stone, Princess Eugenie, and now Prince Harry.
Princess Eugenie’s eldest sister, Princess Beatrice is now good friends with Nicky Hilton and she and her cousins Lady Eliza Spencer and Lady Amelia Spencer attended the launch of the new clothing line of Paris Hilton's sister in London in October 2024.
By acquiring a house in CostaTerra resort, celebrities are placing Portugal’s prime property market in the limelight. The 200-hectare luxury development is owned by US company Discovery Land Company and the minimum price of a lot is over 3 million euros. The creation of common areas of the CostaTerra resort is signed by Portuguese interior designer Alexandra Champalimaud, who also decorated Hotel Bel Air in Los Angeles.
House prices on Portugal’s prime real estate market are rising rapidly as the country is becoming a celebrity hotspot where the rich and famous such as Nicole Kidman and Keith Urban, Scarlett Johansson, Michael Fassbender and Alicia Vikander, and Monica Bellucci have chosen to buy a property. Melides on Portugal’s Alentejo coast is also where fashion designer Christian Louboutin is developing designer hotels, including Vermelho hotel (translated red hotel) and La Salvada.
Portugal’s secluded Alentejo coast, with its privacy, security, sunny weather and stunning beaches, as well as international and private airports, make it the new destination for millionaires and High Net Worth Individuals (HNWIs) looking for a country in the EU to relocate.
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