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Building your own Algarve villa

Building your own Algarve villa

Villa construction plots around Carvoeiro these days are scarce but there are still opportunities for those wishing to create their dream home.

The fact is that most of the best construction plots, especially ocean front locations, were built upon years ago. It’s probably the case that in the next few years, as the property market recovers, that Carvoeiro will start to experience a similar phenomenon that occurred along  the coast in Quinta do Lago, the Algarve’s most exclusive destination for luxury villas.

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Here, many of the old properties in the best locations, originally built in the 1970’s and 1980’s, have been demolished over recent years and replaced by new villas built to the highest of modern standards. Around Carvoeiro there are quite a few properties that are ripe for demolition but in many cases they are not priced low enough to justify the cost and are more likely to be refurbished. But there are some great villa plots still available. With the Algarve still being a buyer’s market, it is often the case that buying a plot and building from scratch will end up costing more than buying a resale property. But that said, there has been a similar adjustment to land prices over the last few years which has affected resale properties and likewise, building companies are generally more competitive in the current market conditions.

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As an example, we have a few plots within walking distance of the centre on the books with full planning permission and approved designs ready to start building straight away. The plots average 2,000 square metres and are passed for 4-bedroom villas with a build area of over 300 square metres. The build leaves plenty of space for a good sized garden and pool area and plenty of privacy. These plots of land for sale in Carvoeiro were originally on the market for over €200,000 each but have now been reduced to just €125,000. With a budget of around €300,000 for construction and finishing including the pool and garden, the figures start to look very attractive when compared to resale properties on the market.

One of  the major advantages of building your own property is that the buyer gets to personalise the property to their own taste. Even in the case of pre-designed projects such as these mentioned here, the design can easily be adapted and you have the option to choose everything from floor tiles and bathroom designs to your own perfect kitchen.

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Here at Fine & Country Carvoeiro we work closely with some of the leading architects and builders in the area in order to offer our clients a full package. Please contact our team who will be happy to provide any more information you may need carvoeiro@fineandcountry.com

You can find our full listings from in and around the Carvoeiro area here