Exceptional property investment opportunity from just £15,620 with expected 143% ROI

Country:  Madeira; Portugal

As sure sign that the Madeira property market is gaining momentum, high-end property developer, Morgan Forbes, has announced that it plans to launch the third phase of its high yielding Ponto do Pargo Resort on the island, comprising 68 apart-hotel units, available on a shared ownership basis.

Investors are being urged to act now and buy into the luxury Ponto do Pargo Resort, which currently offers a superb property investment opportunity from as little as £15,620, as prices will increase by almost 10% when phase three is launched in December 2009.

The decision to launch the next phase of Ponto do Pargo comes after outline planning consent for the new Sir Nick Faldo designed 27-hole golf course adjacent to the luxury Resort was finally approved, and reflects the fact that the project is attracting strong investor demand.

Madeira offers the perfect year round climate for avid golf enthusiasts, and the sport itself is a great catalyst for attracting high net worth individuals and boosting local infrastructure facilities.

Commenting on his website, the newly knighted Sir Nick Faldo said: “The enduring feature of our project at Ponta do Pargo is the sheer dramatic nature of the site. The routing that we are currently developing makes full use of the cliff-tops of a broad headland that juts out into the clear waters of the Atlantic Ocean below; it is absolutely stunning.”

Located in the mid Atlantic Ocean, the Portuguese island, Madeira, is starting to shake off its blue-rinse brigade reputation and attract more contemporary tourists and property investors, helped on by the introduction of a growing number of budget airlines flying to the island from all over Europe.

Property values in the Ponta do Pargo region are expected to escalate over the next few years, on the back of the decision to give the golf scheme the go-ahead, and shrewd property investors have already started to take note.

A number of the units – approximately 20% of the high-end scheme - have already been reserved by international investors attracted to the high property investment returns potentially on offer, despite the fact that construction work on the scheme has not yet got underway.

Investors can buy an equity stake in Ponta do Pargo for a deposit of as little as £5,750, with a total investment of just £15,620.

Michael Nascimento, director of Morgan Forbes, reports that based on an average occupancy rate of 64% in the local area, the Ponta do Pargo Resort project is expected to yield an annual rental return of close to 11%.

In addition to the high yearly income, the scheme offers excellent prospects for future capital growth. Furthermore, all investors will receive a 0.1% share of any future sale of the resort, which has already been valued at £37 million. That’s a whopping £37,000 per investor. Not a bad return on a total investment of just £15,620!

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