Villas in Madeira

With construction and planning approval formalities complete, Palheiro Village offers the opportunity to purchase newly completed property, designed and constructed to a high standard, with facilities and services available and the potential for an immediate income stream from property rental.

With a total construction area of approximately 14.000 sq.m, Palheiro Village is a private condominium community comprising 79 apartments and villas, with supporting facilities and services. Property values in Palheiro range from Euros €325.000 for a 1-bedroom apartment up to €3.000.000 for large, individually designed villas.

Construction was fully completed mid- 2009, with all planning approvals and habitation licences issued. Just under 50% of the units have been sold, with a programme of handovers currently underway.

In addition to wide range of leisure and sporting opportunities available on Madeira, Palheiro owners enjoy the estate’s renowned gardens, fine golf facilities, superb estate management and hotel amenities, along with the blend of history and affluence still evident on the estate more than 200 years since its inception.

The Palheiro Estate enjoys a privileged position on a hillside overlooking Funchal. The villas and apartments enjoy views of charming Funchal town and the bay below.

Despite being nearly 1000km south east of Lisbon, Madeira lies within the GMT time zone and is easily accessible from the UK with flight times under 3 hours.

Direct flights are operated from London to the capital Funchal by Portuguese flag carrier TAP, Thomson Flights, easyJet and Fly Thomas Cook. In addition a new service from Manchester to Funchal will be operated by budget airline Jet2 from May 2010.

Resort amenities – luxury accommodation, fine eating, sporting and leisure activities that together form an appealing international resort
destination

Palheiro Golf – 18 hole, par 72 course - voted by Golf World magazine one of the top 100 golf courses in Europe – the clubhouse has spectacular views over the Bay of Funchal

Hotel Vasa Velha do Palheiro – a Relais & Chateaux country house hotel which combines history, beauty and elegance

Palheiro Spa – recently opened spa open to hotel guests, property owners and residents

Palheiro Gardens – started over 200 years ago by the Count of Carvalhal, attracts over 40,000 visitors per year, with a wide variety of rare trees and shrubs, including one of the most comprehensive collections of camellia in the world.

With a total construction area of approximately 14.000 sq.m, Palheiro Village is a private condominium community comprising 79 apartments and villas, with supporting facilities and services.

Property values in Palheiro range from Euros €325.000 for a 1-bedroom apartment up to €3.000.000 for large, individually designed villas.

• Only 10% (£44,090) to invest
• Deposit protected by Portuguese law up to twice its value.
• Up to 80% LTV mortgages available
• 7% gross yields (conservative)
• €2,795 net income pa after all costs and mortgage payments on a 2 bed apartment
• At least 4 % pa capital growth can be expected
• Annual property tax of 0.7 per cent is levied on assessed value of property and transfer tax is 8 to 10 per cent.

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