Apart-Hotel Paraíso de Albufeira

Faro

Residential project with T0 to T2 apartments and a hospitality profile, with gardens and shared outdoor areas and with a swimming pool in the shared amenities.

Typologies

TypeUnitsAreaPrice
T0127 m²€130K
T1548 - 88 m²€195K - €220K
T2179 m²€275K

According to ERA

Project details

Amenities
Pool, Gym, Restaurant
Total units
9

Location and access

Nearest beach7 minPraia dos Pescadores
Nearest airport57 minFaro Airport
International schools18 minCIV

Competitive landscape

Price forecast

1. Location price

Average asking price in Albufeira e Olhos de Água

4 242 €/m²

Average asking price in Albufeira e Olhos de Água, including new builds and resale homes.

2. Market dynamics

Growth 12 months +7,3%
Growth 24 months +19,4%
Forecast 12 months +10,6%
Forecast 24 months +22,3%

3. Price in this project

Average price in this project

3 782 €/m²

Forecast 12 months 4 183 €/m²
Forecast 24 months 4 627 €/m²

4. Asking price history and projection

Projection based on the 5-year CAGR.

€/m² 01 0002 0004 0005 000 Projection → Albufeira e Olhos de Água · 10/2016 · 1 681 €/m²Albufeira e Olhos de Água · 10/2017 · 1 929 €/m²Albufeira e Olhos de Água · 10/2018 · 2 096 €/m²Albufeira e Olhos de Água · 10/2019 · 2 265 €/m²Albufeira e Olhos de Água · 10/2020 · 2 380 €/m²Albufeira e Olhos de Água · 10/2021 · 2 641 €/m²Albufeira e Olhos de Água · 10/2022 · 3 077 €/m²Albufeira e Olhos de Água · 10/2023 · 3 449 €/m²Albufeira e Olhos de Água · 10/2024 · 3 660 €/m²Albufeira e Olhos de Água · 10/2025 · 4 008 €/m²Albufeira e Olhos de Água · 10/2026 · 4 350 €/m² · ProjectionAlbufeira e Olhos de Água · 10/2027 · 4 811 €/m² · ProjectionAlbufeira e Olhos de Água · 10/2028 · 5 321 €/m² · ProjectionFaro · 10/2016 · 1 534 €/m²Faro · 10/2017 · 1 800 €/m²Faro · 10/2018 · 2 031 €/m²Faro · 10/2019 · 2 179 €/m²Faro · 10/2020 · 2 347 €/m²Faro · 10/2021 · 2 565 €/m²Faro · 10/2022 · 2 960 €/m²Faro · 10/2023 · 3 246 €/m²Faro · 10/2024 · 3 570 €/m²Faro · 10/2025 · 3 946 €/m²Faro · 10/2026 · 4 275 €/m² · ProjectionFaro · 10/2027 · 4 746 €/m² · ProjectionFaro · 10/2028 · 5 268 €/m² · Projection 10/1610/1710/1810/1910/2010/2110/2210/2310/2410/2510/2610/2710/28
Albufeira e Olhos de ÁguaFaro

Sources: Sava New Build Index, Idealista

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