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Palheiro Village inaugurated by President of Madeira
Country: Madeira
9 October 2008
President Alberto João Jardim of Madeira Island has officially inaugurated the groundbreaking Palheiro Village development, located 10 kilometres east of Funchal, Madeira.
Dr Jardim praised Palheiro Village as a “magnificent development” in his opening speech, one of the best projects he has had the pleasure to inaugurate during his long term in office. The ceremony was attended by 180 guests including purchasers, clients, key members of the regional government and Funchal town hall, local opinion makers and business people.
The scheme has taken residential architecture on the island to a new level, and now stands to rival some of the best golf property developments in the more established Portuguese golfing hotspot of the Algarve.
The small, select property development comprises just 37 luxury apartments and 48 villas set in lush, landscaped gardens. Properties range from one-, two- and three-bedroom apartments to three and four-bedroom villas. Prices range from €340,000 (£270,000) to €1.7 million (£1.35 million). There are additional plots offering the opportunity to build a private villa.
Other facilities, include an 18-hole, par-72 golf course which was designed by Cabell Robinson, a five-star country house hotel called Casa Velha do Palheiro, a new Palheiro Spa and a plant nursery that supplies national and international markets.
The scheme has already inspired plans to build two further golf property projects on the island, and has increased demand for high-end property for sale in Madeira.
Roger Still of Palheiro Real Estate told Homesoverseas.co.uk: “The interest we are seeing in new investment in Madeira and [neighbouring island] Porto Santo is very encouraging and clearly indicates the underlying confidence in the future of these islands as a quality second home destination which only now is being discovered - we feel the medium and long terms prospect are excellent.”
Browse other Portugese property news stories, read articles about investing and buying property in Portugal or view our range of property in Portugal.
Some properties in Madeira
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Price: €145,000 EUR
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Type: Apartment
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Bedrooms: 2
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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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View details | Enquire further
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Price: €315,000 EUR
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Type: House
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Bedrooms: 4
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Great Villa of Santa Cruz
Ref. FC-VIV-0008
Region: Estremadura / Silver Coast
Localization: Santa Cruz beach
Total plot area: approx. 357 m2
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View details | Enquire further
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Price: €325,000
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Type: Apartment
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Bedrooms: 1
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A luxury one-bedroom apartment located in the award-winning Palheiro Village on the Palheiro Estate, with panoramic views over the Bay of Funchal and the Atlantic.
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View details | Enquire further
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Price: €430,000
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Type: Apartment
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Bedrooms: 2
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The new private condominium of Palheiro Village offers just 79 apartments and villas, all designed and built to high quality standards. Luxury, comfort and practicality shaped the specification for these properties, which includes: 220
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View details | Enquire further
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Price: €730,000
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Type: Villa
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Bedrooms: 3
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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.
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View details | Enquire further
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Price: €785,000
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Type: Villa
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Bedrooms: 3
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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.
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View details | Enquire further
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Price: €920,000
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Type: Villa
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Bedrooms: 3
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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.
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View details | Enquire further
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Prices from: €355,000 Bedrooms: 2 Luxury townhouses in the centre of a world class, championship golf course.
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Prices from: €250,000 Beds: 2 Baths: 2 - 1 ensuite Kitchen + appliances, dining-room, sitting-room, garden front & back. Plans may be modified to suit your requirements.
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Price: £129,000 Bedrooms: 1 Holesovice Prague 7: across the river from city centre. 73sq m with garage and storage. Expected yield 5.5-6%.
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Price: £105,000 Bedrooms: 1 Karlin. A dynamically developing area of Prague. 2 mins walk from metro station & 2 stops from city centre.
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Price: €185,000 Bedrooms: 4, 2 ensuite showers Private sauna, garden, terrace. Metres from Super Borovets ski gondola & golf course. Surrounded by pine forests.
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Price: £138,000 Bedrooms: 1 Residence Prokopova: 5 minutess from city centre. Designed by award winning architects. Next to bus & tram.
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