Madeira property scheme to yield high investment returns
Country: Madeira
9 October 2009
Plans for a new Nick Faldo designed golf course and luxury property development in the Ponta do Pargo region of Madeira, which offers an “excellent property investment opportunity” from as little as £5,750, are close to being finalised.
Following on from the success of the recently constructed Palheiro Golf resort on the island, planning consent has been award for the construction of a new 18-hole golf resort in the Ponta do Pargo.
Commenting on his website, 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.
“With many of the holes hugging the cliff-tops and views across the ocean from much of the course, this will certainly be an aesthetically appealing round of golf; but, most of all, this design will appeal to any golfer with a thoughtful approach to their game and an appreciation for the strategic elements that will characterise this exciting design.”
Property values in the Ponta do Pargo region are expected to boom 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.
Morgan Forbes, a low risk commissionable broker ship that specialises in asset backed investments, has already been given permission to build a high-end apart-hotel scheme, with off-plan units, available on a share certificate basis, offered for a deposit of as little as £5,750, with a low total investment of just £15,620.
A number of the rooms have already been reserved by international investors attracted to the high property investment returns potentially on offer.
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 €40m (£37m). That’s a whopping £37,000 per investor. Not a bad return on a total investment of just £15,620!
Editor’s comment:
“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.
“With a number of budget airlines flying to Madeira from all over Europe, I fully expect property values to appreciate on this popular year-round destination in the coming years.”
Description: Excellent apartment Ref. MA-APT-SC-0003 Region: Silver Coast/ Costa de Prata Localization: Santa Cruz surroundings 5 minutes driving to the beach
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A luxury three-bedroom villa located in the award-winning Palheiro Village on the Palheiro Estate, with panoramic views over the Bay of Funchal and the Atlantic.
A luxury three-bedroom villa located in the award-winning Palheiro Village on the Palheiro Estate, with panoramic views over the Bay of Funchal and the Atlantic.
A luxury three-bedroom villa located in the award-winning Palheiro Village on the Palheiro Estate, with panoramic views over the Bay of Funchal and the Atlantic.
