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The building boom goes on
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cubsur View Drop Down
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Joined: 26/January/2006
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Points: 28136 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 19/October/2021 at 07:59
The Crowne Plaza main building may be salvageable but the town houses are quite likely beyond hope, the concrete skeletons havng been exposed to the elements for more than ten years. If they were to be demolished, the taxpayer would pay. I can't see anyone paying tens of millions, then having to pay to demolish them and then spend a few tens of millions more on new properties.

But there seems to be an endless supply of rich foreigners who want luxury living, so you never know.
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Points: 165 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Bunnyrunner Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 15:34
Originally posted by Richardk Richardk wrote:

It would be great if they finished the Crowne Plaza development by the Marina.  Somebody did say it may be too dilapidated so may have to be demolished - either way please clear this mess

Cerro Novo still trying to sell it although they have taken down the €99m price tag, now it says P.O.A.

http://https://www.cerronovo.com/en/property-for-sale/CNC5999 - http://https://www.cerronovo.com/en/property-for-sale/CNC5999
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Points: 2010 		Post Options Post Options   Thanks (0) Thanks(0)   Quote tiganut Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 14:16
Not sure that is the ideal location for luxury dwellings.
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Points: 251 		Post Options Post Options   Thanks (0) Thanks(0)   Quote JuliejH Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 12:01
That’s very interesting , not far from us and we always thought the plans were for a golf course there ?
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Points: 763 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Richardk Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 11:17
It would be great if they finished the Crowne Plaza development by the Marina.  Somebody did say it may be too dilapidated so may have to be demolished - either way please clear this mess
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Points: 28136 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 10:46
Quinta Dourada, Vale Santa Maria.

This huge site has lain abandoned for at least 15 years and is now coming back to life. The site, at the bottom of the hill coming out of Albufeira heading for Guia. It's about 18 acres, or 7.3 hectares. Their website has no details of how much luxury living there will cost.


Work so far has removed all the undergrowth. Old cables and pipes are being ripped out. I would imagine the site to be a productive dust making plant!












The views won't be bad.
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Points: 28136 		Post Options Post Options   Thanks (1) Thanks(1)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 10/October/2021 at 09:10
The completed Finisterre building next to the old cemetery. One could have been yours if a had a million or so to spare.
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Points: 165 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Bunnyrunner Quote  Post ReplyReply Direct Link To This Post Posted: 05/July/2021 at 14:27
In your wildest dreams Tom! The 2 on the extreme left of your photo are for sale at €2.6m and €4.7m. One million euros will get you the villa on the 2nd last photo of your penultimate post.
The cheapest of the new builds on the plots above the steps that you show in todays marina post is €1.3m but you can get a resale offer of an old style semi detached villa right at the back of the plots backing on to the Ave dos Descobrimentos for a mere €675K but it's sea view has now been obliterated by the new build in front of it.

Anyone wishing to purchase any of these, just DM me I could do with the commissionWink
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Points: 28136 		Post Options Post Options   Thanks (1) Thanks(1)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 05/July/2021 at 14:05
'ere's what the best end of a million quid will get you
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Points: 28136 		Post Options Post Options   Thanks (1) Thanks(1)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 02/February/2021 at 16:26
On the way down the main road towards the marina, one can see five or six building sites with vast mansions being erected thereon. One site does though seem to have been abandoned and another hasn't yet got beyond basic ground clearance.
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Points: 28136 		Post Options Post Options   Thanks (1) Thanks(1)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 28/January/2021 at 18:18
Albufeira Prime - builders now off site, internal fit out under way.
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Points: 3 		Post Options Post Options   Thanks (0) Thanks(0)   Quote jethro Quote  Post ReplyReply Direct Link To This Post Posted: 21/January/2021 at 15:06
As mentioned by other’s the prevalence of commercial units on ground floors of apartment complexes regardless of commercial need is something I often wondered about while strolling around during one of my many visits. 

It may indeed be a planning requirement, if is and there is no commercial justification then the developer simply adds the additional cost to the price of the apartments.  
And as long as they can be sold then it is good result for everyone except perhaps the purchasers of the apartments! 
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Points: 28136 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 21/January/2021 at 08:39
Originally posted by cameroncleggout cameroncleggout wrote:

And if other recent builds are anything to go by, most of the Shops on ground floor won`t be occupied 


Quite likely. Putting shop space on the ground floor is a sop to the local council to make planning permission easier. Plenty of examples I can think of.
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Points: 346 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cameroncleggout Quote  Post ReplyReply Direct Link To This Post Posted: 20/January/2021 at 19:00
And if other recent builds are anything to go by, most of the Shops on ground floor won`t be occupied 
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Points: 28136 		Post Options Post Options   Thanks (1) Thanks(1)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 19/January/2021 at 09:34
A snip at €435,000 but I bet they won't tell you that it's opposite the fire station and next to a busy road junction.

Handy for McDonald's and the shops though.
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