Last week, The Portugal News interviewed Erik de Vlieger, the founder and CEO of Carvoeiro Branco , where he highlighted the issue of the Algarve becoming oversaturated with tourism properties, a consequence of foreign developers focusing exclusively on building tourist units. Carvoeiro Branco acknowledges the importance of residential development and is placing greater emphasis on this area while continuing to maintain a strong presence in the tourism sector. Erik stated, "We realised the need to develop for the community we are part of, as there is a shortage of housing for both Portuguese residents and international workers, and that needs to change.
Of course, we remain committed to creating beautiful resorts, such as Primelife and the upcoming The Court project, both in Carvoeiro”. However, affordable housing remains one of our top priorities. Carvoeiro Branco is currently managing around 25 projects, with 7 under construction, maintaining a balanced mix of luxury buildings and affordable residential apartments throughout central Algarve.
In Lagoa, where the Carvoeiro Branco office is located, Erik and his team are focusing on the Vale da Pipa Residence project - 304 affordable apartments and 20 plots on the outskirts of the municipality. Erik explained, “We are working diligently to bring these types of projects to life, as Lagoa needs housing for its citizens, but we are waiting to start until we receive the necessary building license”. This modern development is.