Located in the heart of the Algarve, sitting on 127-hectares, is the extraordinary Boca do Rio property which encompasses the best of both worlds with its natural beauty and historical significance. Defined as a “true treasure trove”, Boca do Rio’s “archaeological importance adds another layer to its value, as the site holds traces of history that connect the present with the region’s storied past.”

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Carvoeiro Branco, through its subsidiary BDR, has transferred the ownership of this outstanding property to the Municipality of Vila do Bispo. According to the real estate developer, “this achievement marks a significant milestone in fostering collaboration between public and private entities, demonstrating how collaboration can open up new opportunities for regional growth and development in the Algarve”.

In a statement, they proudly share “We express our heartfelt gratitude to the Municipality of Vila do Bispo and her excellency the Mayor for stepping in as the ideal custodians of this extraordinary land. Additionally, we acknowledge and thank the municipality’s archaeology department for their expertise and unwavering dedication throughout this process.”

Asserting their confidence in the Municipality’s ability to develop Boca do Rio, Carvoeiro Branco added, “We look forward to witnessing the exciting plans the Municipality has for the site... and we remain optimistic about future opportunities to collaborate with the Municipality as their vision for Boca do Rio comes to life.”

“This landmark sale reflects the importance of working together to create a brighter and more sustainable future for the Algarve”, the real estate developer concludes.