Pre-sales postponed due to “council delays”, says developer
The Vale da Pipa project, an initiative by Carvoeiro Branco to deliver 304 affordable homes in Lagoa, has received “overwhelming public interest”, says the local real estate developer.
With “over 150 residents already registering their intent to secure homes”, the developer says the project has highlighted the “urgent need” for affordable housing in the region.
The project will feature a variety of housing options, including apartments ranging from one to three bedrooms, as well as 20 villas, ensuring diverse and flexible solutions for families of different sizes.
While pre-sales, initially scheduled for December 15, have been temporarily postponed, Carvoeiro Branco emphasises that it has “fully met all technical and regulatory requirements”. Despite the company’s “readiness”, additional adjustments to infrastructure plans, requested as part of the approval process, have led to “delays”.
Erik de Vlieger, CEO of Carvoeiro Branco, called attention to the importance of moving forward “without further delay”: “The strong interest from the community makes it clear: residents need these homes now, not later. We have done everything required to make this project a reality. It is time to prioritize what truly matters to the people of Lagoa.”
Carvoeiro Branco “remains hopeful that the Urban Planning Department of the City Council of Lagoa will recognise the urgency of this initiative and take swift action to grant final approval”.
“The project’s timeline is now in the council’s hands,” says the developer, inviting all interested parties to continue submitting their “expressions of interest so they can be added to the priority list for pre-sales”.
Once approved, the Vale da Pipa project hopes to “address the critical housing shortage” as well as “foster economic growth” by incorporating commercial spaces to support local businesses and entrepreneurs.
“Carvoeiro Branco extends its gratitude to the Lagoa community for their patience and ongoing support during this process. The company remains fully prepared to deliver on its commitment,” concludes a press statement from the developer.
About Carvoeiro Branco
“Carvoeiro Branco is a leading real estate developer in the Algarve, renowned for its commitment to quality and community-driven projects. With nearly two decades of experience, the company has completed a wide range of successful developments across the region. While Carvoeiro Branco continues to balance both affordable housing and luxury tourism projects, the current focus is on addressing the housing needs of local residents through affordable initiatives.”
