Verdelago

Castro Marim 20 Available units

Residential project with T2 to T4 apartments and a hospitality profile, offering furnished and equipped units and supported by hotel-style services.

Typologies

TypeUnitsAreaPrice
T21988 - 99 m²€880K - €1,3M
T41206 m²€2M

According to Sotheby’s, JLL

Project details

Official website
Verdelago.com
Amenities
Pool, Spa / sauna, Restaurant, Kids club, Parking
Total units
294
Payment terms
CPCV: 25%; On completion of masonry: 35%; Deed signing: 40%

Location and access

Nearest beach7 minPraia de Monte Gordo
Nearest airport64 minFaro Airport
International schools29 minColégio Santiago Internacional

Available units

FractionLevelTypologiesBathsParkingInt. areaExt. areaPriceFloor plan
46.1D1T23196 m213 m2€880KFloor plan
44.1M1T23196 m213 m2€935KFloor plan
44.1N1T23199 m213 m2€935KFloor plan
34.0B34T23196 m213 m2€940KFloor plan
44.0F44T23196 m213 m2€950KFloor plan
44.0K44T23196 m213 m2€950KFloor plan
44.0G44T23199 m213 m2€950KFloor plan
33.0S33T23188 m240 m2€990KFloor plan
33.0T33T23193 m240 m2€990KFloor plan
33.0J33T23188 m240 m2€1,1MFloor plan
33.0G33T23193 m240 m2€1,1MFloor plan
33.0F33T23188 m240 m2€1,1MFloor plan
33.0N33T23196 m213 m2€1,1MFloor plan
33.1P1T23196 m213 m2€1,1MFloor plan
44.1D1T23196 m213 m2€1,1MFloor plan
44.1C1T23199 m213 m2€1,1MFloor plan
44.0B44T23196 m213 m2€1,2MFloor plan
45.0F45T23196 m213 m2€1,3MFloor plan
45.1H1T23196 m213 m2€1,3MFloor plan
53.0J53T452206 m237 m2€2M

Competitive landscape

Price distribution

10 819 €/m² 84,9% above the neighbours’ median

Price forecast

1. Location price

Average asking price in Castro Marim

3 160 €/m²

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

2. Market dynamics

Growth 12 months +10,4%
Growth 24 months +12,0%
Forecast 12 months +8,9%
Forecast 24 months +18,5%

3. Price in this project

Average price in this project

10 819 €/m²

Forecast 12 months 11 777 €/m²
Forecast 24 months 12 821 €/m²

4. Asking price history and projection

Projection based on the 5-year CAGR.

€/m² 01 0002 0004 0005 000 Projection → Castro Marim · 10/2016 · 1 576 €/m²Castro Marim · 10/2017 · 1 656 €/m²Castro Marim · 10/2018 · 1 880 €/m²Castro Marim · 10/2019 · 1 709 €/m²Castro Marim · 10/2020 · 2 045 €/m²Castro Marim · 10/2021 · 2 249 €/m²Castro Marim · 10/2022 · 2 672 €/m²Castro Marim · 10/2023 · 2 538 €/m²Castro Marim · 10/2024 · 2 691 €/m²Castro Marim · 10/2025 · 3 099 €/m²Castro Marim · 10/2026 · 3 227 €/m² · ProjectionCastro Marim · 10/2027 · 3 513 €/m² · ProjectionCastro Marim · 10/2028 · 3 825 €/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
Castro MarimFaro

Sources: Sava New Build Index, Idealista

Nearby projects

Vila Real de Santo António, Vila Nova de Cacela

T2€700K - €900K195 - 202 m²8
T3€1,2M - €1,4M317 - 435 m²24

Vista Mar

2024

Tavira, Conceição

T3€620K - €690K106 - 125 m²2