What should the average cost per square meter be for a new build in the Algarve. The propoerty would be about 350m2 on a sloping plot in a traditional style. We are seeking a high quality finish.

Thx in advance

not sure about the Algarve but in central Portugal its around 500€ per square metre. for a high quality build so possibly a bit more in the Algarve

in the algarve for 750euros you get high quality finish.

Hi, depends on the location i think.

Rob L

Quinta do Lago and Vale do Lobo

Am being quoted EUR3000 per sq m

I thought I was going nuts but the forum responses here confirmed that build cost, even at the inflated expectations in these areas, should not be that stratospheric

sounds a bit expensive, just think about the huge house you could build in central portugal for a 6th of the cost of the Algarve. Unless someone really wants to live in the Algarve they would be far better off building thier dream home in an other area as it will mean for the budget they have they could have a bigger better quality build with much more land around them. still close to major airports in a much nicer landscape, where the scenery is mountains, rivers, lakes and forests. not too mention the far cheaper cost of living where you can still have a 3 course lunch in a top resturant for 15€ and a normal resturant costing around 6€

take a look at some examples on
GekkoPortugal: A guide to Living, working and buying property in Central Portugal

Hello Michel

As an architect, our experience tell us that you should expect an average price of around 1000-1500 €/sqm and you should use a building company from outise Algarve.

We just had a small constructing built in July in Lagos (around 200 sqm) and the price we were ask in algarve was 3 times more expensive that using a company from Lisbon.

If you have the architecture project finished, include some companies outise Algarve in the tender process.

f_ribeiro

The huge difference in build costs are one of the reasons more and more people are buying and building in central portugal, if you commission a build on the Algarve at say 1500euros m2 you can have the same house built in central portugal for 500 euros per m2, so with the huge difference that you can save it will pay for your flights for 20 years or you could build a house 3 times as big for the same money or the same size for a third of the price..makes sence eh. the quality of the workmanship in the central portugal region is very high, and stricktly controlled so no worries about fly by night builders. they take a lot of pride in what they build here. where we live the builder regularly brings visiting relatives to see the house that he built and this is a year after it was finished. hes very proud of his reputation as a quality builder. I just couldnt bring myself to pay over inflated prices for the same job elsewhere.

build at time of post should be between 450 euros to 850 euros dependant on the spec. see the builders work first 3 -5 completed builds.

graham

Hi

Let´s not talk of high quality, for the following reasons:
_ if you want your house with 3m headroom instead of 2.6
_ if you want to cover the walls with massive wood
_ if want doors larger, higher and with larger thickness than normal
_ if you want very expensive materials in the w.c. and kitchen
then the costs will be very diferent.

Let`s consider a good quality house, unifamiliar(not geminate), with ground floor and first floor, with:
_central heating
_central aspiration
_double window glass
_electrical rolling shutter
_garage electric gate
_telecomunications board(4 tel operators+internet+tv cable+sat+normal tv)

Assuming you already have the ground plot ,the project and licences, you go to your bank and for this kind of a house they normally will finance you between 500 and 600 Euros/m2, but they do not finance tax(iva-21%), wich means your cost will be 605/726 E/m2 and this is without garden,fences and frames.

As you can see the prices of the plots are responsible for the diferent prices you have in the markrt

Best regards

Luis