PRESS RELEASE
304 AFFORDABLE HOMES IN LAGOA: CARVOEIRO BRANCO'S PROPOSAL AWAITS APPROVAL
Carvoeiro Branco, one of the Algarve’s foremost real estate developers, is on the brink of a significant milestone. The company is now awaiting approval from the Municipality of Lagoa to proceed with its ambitious project to deliver 304 affordable apartments and 20 individual plots. After more than three years of meticulous planning, rigorous assessments, and navigating a maze of bureaucratic requirements, the developer has satisfied every condition set by the authorities. Now, the decision rests with the municipality.
“We have done everything that was asked of us,” stated Erik de Vlieger, CEO of Carvoeiro Branco. “For years, we have jumped through every hoop, resolved every issue, and fulfilled every demand from the authorities. Now, it’s time for Lagoa to step up and deliver on its commitment to affordable housing for its residents.”
AFFORDABLE HOUSING
FOR THE COMMUNITY
Carvoeiro Branco’s proposal goes beyond just another real estate project; it’s a dedicated mission to provide quality, affordable homes for the people of Lagoa. Unlike the high-end developments that often dominate the Algarve’s property market, this project focuses on creating accessible housing for local families who are increasingly priced out of their own communities. The initiative aims to directly address the urgent need for affordable living spaces, contributing to the social and economic well-being of the region.
“We understand the pressures on local families trying to find housing amidst a market driven by tourism and luxury,” Erik de Vlieger emphasized. “This project is about supporting our community and ensuring that residents of Lagoa have a place to call home.”
SALES LAUNCH ON DECEMBER 15
Carvoeiro Branco is setting a clear and ambitious timeline. On December 15, the developer will begin accepting reservations exclusively for residents born in Lagoa or those currently living in the area. The company is confident in its proposal, assuming that the Municipality of Lagoa will grant final approval for the “Lotemento” before this date. Erik de Vlieger emphasized: “On December 15, we will put the people of Lagoa first. This project is for them, it’s a promise we are making to the community.”
A POSITIVE ECONOMIC IMPACT
Carvoeiro Branco’s project will also include commercial spaces, designed to attract local businesses and entrepreneurs. These spaces will provide new opportunities for shops, services, and small enterprises to thrive within the community.
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.
Rua Jacinto Correia
Edifício Atrium Lagoa
Bloco A, Loja JLM
8400-398 Lagoa – Algarve
(+351) 917 498 714
info@carvoeirobranco.com www.carvoeirobranco.com
Vale da Pipa, Lagoa
Architect: Ricardo Pina