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Madeira Makes You Want to Stay There

April 22, 2010Article by Ray Withers

More and more people are noticing Madeira in their hunt for an undiscovered but developed paradise, according to experts. It is the ultimate dream, to find a paradise beach that no one else has found, and in past years many property buyers have bought properties in the four corners of the globe in search of this dream. However, now that the credit crunch has shown the fickleness of things like accessibility to these far flung shores, today’s property buyer is settling for less discovered in order to buy in the security of an established destination.

Madeira is benefiting massively from this change in the adventurers mindset, and probably will for the next several years, according to international property investment consultancy Property Frontiers, at least until risk appetite among property buyers reaches similar levels as we saw in 2006. Director of the firm David Cox said:

“It is unbelievable just how many people have never heard of Madeira. For any of those people reading this, Madeira is a small cluster of islands, belonging to Portugal, but off the coast of Africa. This gives Madeira the climate and the lower living costs found in lesser developed parts of the world, with the developed infrastructure and legal system of a developed nation.

“The people who find Madeira quickly understand the paradise they have found. As a result property values have grown rapidly, especially since the growth of low cost air travel. Because of the restricted supply on the islands, Madeira property has also held its value throughout the recession, which only adds to its pull.”

Rightly so, Madeira has everything that people look for in a perfect destination to buy property. The climate is warm all year round, and there are plenty of activities from fishing and surfing to horse-riding, and Funchal, the main island has plenty of dining options, with many places to enjoy fresh fish and seafood.

Property Frontiers are currently marketing one is arguably one of the finest developments the Madeira property market has ever seen. The Azulara development is a 5 star luxury resort on Madeira’s main island of Funchal. The development offers 1, 2 and 3 bedroom apartments priced from £211,000 to £362,000. 85% finance is available, with only a 5% deposit required to reserve and nothing to pay until completion.

Most importantly the development is right by the beach, in fact it is atop a cliff, which affords owners the most incredible views out over the ocean. Owners of 2 and 3 bedroom units benefit from a private veranda from which to enjoy those views. The resort as a whole has 180 degree ocean views out over Funchal Bay to Camara Do Lobos.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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