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Property Consultancy Mad For Madeira In 2010
January 18, 2010Article by Ray Withers
Madeira property is a world beating investment for 2010, with returns potentially as high as the much publicised Brazil in the coming year, according to research by UK based property investment consultancy Property Frontiers.
Listing Madeira in third behind America and the UK respectively and above Brazil, the firm wrote on the company blog:
“With its temperate climate, limited land and strict planning rules, Madeira offers an excellent opportunity to invest in top luxury property. A popular holiday destination with the Portuguese, South African’s and Spanish amongst others the island bucked the trend by registering 91% occupancy for 5 star accommodation in 2008.”
Figures for 2009 have not been released, but based by the fact that flights to Madeira were actually increased last year, and the fact that the number of people circumventing the traditional package-holiday in favour of choosing their own private accommodation and flights also increased, it is a safe bet that occupancy of Madeira property will have either grown, held or fallen marginally.
Madeira is a sheltered tropical Archipelago in the mid Atlantic off the coast of Africa. The temperatures are fantastic and the tourism infrastructure is mature, in fact it is probably one of the most family-friendly tourism destinations in the world.
It is a growing golf destination and received the emerging market seal of approval in 2007 with celebrity designed golf courses amidst prestigious off plan resort developments.
Now, the cameras have gone (figuratively speaking), but the potential for a rewarding property investment, and/or an especially rewarding holiday home investment remain. And you needn’t look any further than the Madeira property section of the Property Frontiers website.
A five star development, which are achieving the 90% occupancies mentioned above, the Azulara development offers buyers the chance to own a piece of Madeira paradise with just a 5% deposit, just over 12,000 Euros to reserve. For those of you that are not human calculators a 1 bedroom apartment in the Azulara development costs from £211,000 with 2 and 3 bedroom apartments also available at £238,000 and £362,000 respectively.
Azulara is located beachfront, with impressive cliff-top views in the capital of Madeira Funchal. Funchal is known because it has a natural amphitheatre surrounding the city, which begins at the harbour (Porto de Funchal) and rises almost 1200 metres high on gentle slopes. This provides a natural shelter and was what attracted the first settlers.