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Madeira is a spectacular volcanic Atlantic island belonging to Portugal. There are no real beaches to speak of - nearby Porto Santo does have traditional sandy beaches. Tourists have been coming to Madeira from northern Europe for most of the last century - attracted by the year round warm climate. The capital is Funchal, which has plenty of villas for sale. Madeira is handy enough for the UK with many direct flights. Prices for property are quite high, but you get year round sunshine and potentially a year-long tourist season if you choose to rent out your new property.
Madeira web site holiday guide to Madeira Cadeira and Stephenson Real Estate Ask a ProfessionalThere are investment prospects on Madeira, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some European countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for information purposes - they are not recommendations. |