Bicesse has a highly convenient location for its residents. Border line parish between Alcabideche and Estoril councils, the benefit is 5 minute access to A5 highway, 10 minute access to Estoril centre and coastline and only 25 minutes to Lisbon.
PROJECT CONCEPT Each Unit has private plunge pool, private garden, private garage and ground parking and all units have access to common garden and entrance parking spaces. Project executed by renowned Portuguese Architectural Atelier, FRAGMENTOS, specialized in premium housing projects and with vast track record of national and international projects. The Concept for Bicesse project is to elevate the comfort of life for its residents with privacy, safety and sustainability solutions for its residents.
The Architecture of the Condominium and of each unit maximizes privacy from the exterior and between each unit, with focus to the south facing side, offering views of Estoril area and ocean views for some units. The Interior Design of each unit, with large windows and exterior private patios with glass roof between the bedrooms enhance the light exposure and simultanously privacy for each division. Fireplace in the social area and different forms of kitchen layout are available for individual preference. Ample underground level features large private garage for 3 cars, laundry, storage, bathroom and multi-use division with access to external patio and plenty of light, inviting owners to create an entertainment room, additional bedroom, play room, cinema or gymnasium.
MARKET ANALYSIS Portuguese Residential RE prices gain average 10% p.a. for last 5 years with a strong potential for further growth. Growth factors are still valid:
•great climate and world top safe location •loyal migration legislation and low taxes •positive growth of economy and tourism •outstanding quality of life
Approx. 1,600 millionaires have moved to Portugal in 2022, mainly to Algarve and Lisbon Metropolitan Area. High demand from foreigners and lack of supply of the new construction permits & dwellings drive the prices up. In Q1-Q3 2022 the number of transactions of new dwellings increased strongly 16%, while transactions value rose by 28.7%. Despite the significant price rise of past 8 years, Portugal prices are still lower, compared to Western EU countries, hence atractive for foreign buyers.
CASCAIS, ESTORIL & ALCABIDECHE Cascais & Estoril are historically considered most attractive regions for residential investment, due to beach front location & proximity to Lisbon, premium Municipal infrastructure, culture & historic heritage, top international schools & private healthcare facilities and premium segment sports facilities (golfing, yachting, tenis). In January 2023, Cascais & Estoril average price /sqm was 5.656€ (+20% from Jan22) Alcabideche is a larger area council, with mix of neighbourhoods, proximity to Sintra Natural Park, to international schools, golfing and fast access to Lisbon. Alcabideche offers cheaper housing options, with more space for new construction, but is lacking premium quality residential offers. In January 2023 in Alcabideche average price per sqm was 4.000€ (+ 22,5% from Jan 22) Cascais Municipality has proven one of the most crisis resilient residential markets in Portugal in the past, due to strong international community and first choice for relocation from foreigners and wealthy Portuguese families.
AREA SALES ANALYSIS Only New independent house properties are considered (Cascais and Estoril central areas are excluded)
3 bedroom house average sale price 4.677€/m2
4 bedroom house average sale price 5.435€/m2
PROJECT FINANCIALS Sale conservative market scenario 6.200€ per sqm above ground
Total sales €16 097 664,50
Gross Profit €4 053 525,50
Sale optimistic market scenario 6.700€ per sqm above ground