Housing
Affordable housing planned for Faro in the Algarve
Faro City Council plans to launch a tender by the end of 2026 for the design and construction of 480 homes at controlled prices in Braciais, representing an estimated investment of 60 million to 70 million euros financed by a bank loan. The project follows an approved amendment to the Municipal Master Plan and will feature mainly two- and three-bedroom homes, alongside a green space, school facilities, and a proposed GNR territorial command site. A further development in Estoi is also being prepared for 488 homes, expected to be decided in the first quarter of 2027.
Why it matters
If you are looking for housing in Faro, the council plans to tender 480 controlled-price homes by the end of 2026, with another development in Estoi under study for early 2027.The Portugal NewsRead original ↗
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