Cerro das Mós

Faro, São Gonçalo de Lagos 11 Available units

Residential project with T2 to T3 apartments, arranged as a private condominium and shaped around coastal living.

Typologies

TypeUnitsAreaPrice
T2883 - 103 m²€430K - €470K
T33106 - 107 m²€465K - €485K

According to ERA

Project details

Amenities
Gym, Parking
Total units
11
Payment terms
CPCV: 20%; On completion of the structure: 20%; Deed signing: 60%
Completion
late 2027

Location and access

Nearest beach8 minMeia Praia
Nearest airport83 minFaro Airport
International schools7 minBarlavento International Primary School

Available units

LevelTypologiesBathsParkingInt. areaPrice
0T22183 m2€430K
0T22193 m2€440K
1T22195 m2€440K
1T22190 m2€450K
2T22195 m2€450K
1T221103 m2€460K
2T22190 m2€460K
0T321107 m2€465K
2T221103 m2€470K
1T321106 m2€475K
2T321106 m2€485K

Competitive landscape

Price forecast

1. Location price

Average asking price in Faro

3 885 €/m²

Average asking price in Faro, including new builds and resale homes.

2. Market dynamics

Growth 12 months +17,0%
Growth 24 months +26,2%
Forecast 12 months +13,6%
Forecast 24 months +28,9%

3. Price in this project

Average price in this project

4 692 €/m²

Forecast 12 months 5 328 €/m²
Forecast 24 months 6 050 €/m²

4. Asking price history and projection

Projection based on the 5-year CAGR.

€/m² 01 0002 0004 0005 000 Projection → Faro (municipality) · 10/2016 · 1 422 €/m²Faro (municipality) · 10/2017 · 1 586 €/m²Faro (municipality) · 10/2018 · 1 795 €/m²Faro (municipality) · 10/2019 · 1 874 €/m²Faro (municipality) · 10/2020 · 1 987 €/m²Faro (municipality) · 10/2021 · 2 148 €/m²Faro (municipality) · 10/2022 · 2 561 €/m²Faro (municipality) · 10/2023 · 2 861 €/m²Faro (municipality) · 10/2024 · 3 250 €/m²Faro (municipality) · 10/2025 · 3 415 €/m²Faro (municipality) · 10/2026 · 4 010 €/m² · ProjectionFaro (municipality) · 10/2027 · 4 553 €/m² · ProjectionFaro (municipality) · 10/2028 · 5 170 €/m² · ProjectionFaro (district) · 10/2016 · 1 534 €/m²Faro (district) · 10/2017 · 1 800 €/m²Faro (district) · 10/2018 · 2 031 €/m²Faro (district) · 10/2019 · 2 179 €/m²Faro (district) · 10/2020 · 2 347 €/m²Faro (district) · 10/2021 · 2 565 €/m²Faro (district) · 10/2022 · 2 960 €/m²Faro (district) · 10/2023 · 3 246 €/m²Faro (district) · 10/2024 · 3 570 €/m²Faro (district) · 10/2025 · 3 946 €/m²Faro (district) · 10/2026 · 4 275 €/m² · ProjectionFaro (district) · 10/2027 · 4 746 €/m² · ProjectionFaro (district) · 10/2028 · 5 268 €/m² · Projection 10/1610/1710/1810/1910/2010/2110/2210/2310/2410/2510/2610/2710/28
Faro (municipality)Faro (district)

Sources: Sava New Build Index, Idealista

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