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Internationally renowned for its stunning coastline, beautiful beaches and warm climate, Portugal’s southern Algarve region is among Europe’s most popular holiday destinations, with around 5m annual visitors supporting the country’s long-established tourism sector. The Algarve’s way of life, natural environment and leisure facilities, including world-class golf courses, make property in the area an appealing investment for both Portuguese nationals and foreign buyers. In 2022, and with an annual price growth of around 16%, central Algarve was the second-highest performing property market in Europe, supported by the development of highly sought-after, quality villas and townhouses in areas such as Faro and Albufeira.
The Algarve is a popular holiday destination year after year, and the demand internationally for quality accommodation is ever-present. Omnium’s experienced Cost and Project Management services brought this new development to the residential and investor market on schedule, continuing to create economic opportunities for the region.
Omnium was appointed by our premium real estate developer client to deliver Pre and Post Contract Cost Consultancy, Quantity Surveying and Project Management services to its new development of villas and townhouses in the Algarve. Offering excellent access to leading golf courses, stunning coastline and local commercial centres, this premium residential development meets consistent demand for quality holiday accommodation, incorporating contemporary designs, luxurious finishes and a layout that encourages a sense of peace and community. Benefiting from exceptional understanding of the Portuguese property market, and with experience of villa and townhouse developments on a global scale, Omnium’s local expertise delivered this new holiday village in line with our client’s budget and timeframe expectations.
Led by Omnium’s Lisbon Associate Director Pedro Esteves, Omnium’s local team of Cost Managers and Project Managers brought substantial residential development experience to this appointment. From small, boutique-style projects in Europe and across the Middle East to complex master plan developments comprising thousands of units supported by essential infrastructure and amenities, low-rise villas and townhouses make for welcoming homes and valuable holiday investments worldwide. With excellent communication, a partnership-led approach and complete Cost and Project Management skills in-house, Omnium is proud to work with leading residential developers and investors in Portugal to deliver much-needed properties that meet continual demand.
New development of villas and townhouses in the Algarve by Omnium International
Omnium is appointed by a premium Portuguese real estate developer on this popular residential project. With project expertise gained globally in low-rise residential and luxury hospitality sectors, our team applies unique experience, knowledge and skills to deliver immaculately designed properties with efficient budget management.
Pedro enjoys hands-on Project Management and site management experience gained over 30 years in the industry in Portugal, wider Europe and West Africa, establishing himself as a reliable and knowledgeable Cost Consultant on high-value developments including complex master plans, residential schemes, 5* hospitality projects and refurbishments of government buildings.