Bondstone invests €700 million in the Algarve in prime sustainable homes

Arcaya, a premium residential development that promises to lead the sustainable transformation in the Algarve, emphasizes wood as the main material. The Arcaya project represents an investment of around 700 million euros, part of which is already underway.
 
Frederico Pedro Nunes, Bondstone’s Chief Operating Officer, explains that “We’re taking a slightly different approach here than traditional real estate development (…) we decided to have some show houses already on the ground, as we’re moving forward with a solution of timber-framed homes (…)”. Frederico reinforced that: “Our potential buyers will already be able to visit the first fully completed and furnished houses during next summer 2024.”
 
The launch price for the houses starts at 1.9 million euros.
 
Read the full article here.