12 new residential projects in Faro
133 apartments in new builds - compare typologies, prices, areas, units, distances, developers and completion years.
Individual project
Project cluster
New-build prices in Faro
In Faro, according to our data as of 11.09.2026, 12 residential projects are under construction, with 133 apartments available. The average price per square metre in new builds in Faro is €5 833. The most affordable project is Apart-Hotel Paraíso de Albufeira, with T0 apartments from €99 000. The widest choice of apartments is in Portim'Us City Centrum, with 31 units available, with areas from 61 to 134 m².
Housing price trends in Faro
According to Idealista, the average asking price for housing in Faro in July 2026 is 3 885 €/m². The figure covers the whole housing market, including resale homes.
Over the past 12 months, the price per square metre has increased by 17%; over five years, it has increased by 88,8%. The average annual rate over this period is 13,6%.
Housing in Faro is currently 6,7% lower on average than in the district of Faro, where the price is 4 165 €/m².
Compared with the region of Algarve, the difference is 6,7%: housing here is lower.
If the average rate of the past five years continues, the estimated price per square metre in Faro will be about 4 411 €/m² in one year and 5 009 €/m² in two years. That corresponds to changes of 13,6% and 28,9% from the current level.
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