Madeira set to be top tourist destination this summer
The Portuguese island of Madeira is on course to be a top tourism destination this summer as early reports indicate 90% hotel occupancy levels.
Demand for quality accommodation on the magical island, tucked away in the corner of Europe, is high with hotels in the capital city of Funchal which hosted the Annual Madeira Flower Festival last weekend reporting impressive occupancy levels of 90%.
Funchal, an established tourism destination, popular with individuals and families alike, hosts numerous festivals and events throughout the year which draw hundreds of thousands of visitors, boosting the local economy and generating demand for property owners with apartments and villas to rent.
Steven Worboys, MD of Madeiran property experts, Experience International, comments:
“Despite being the largest island in the Portuguese archipelago, 70% of the land is protected from development and due to the rocky nature of this volcanic hot spot a significant remainder is unsuitable for construction meaning that accommodation is in short supply. With over 1 million tourists visiting this Pearl of the Atlantic each year opportunity and requiring accommodation opportunity abounds for the buy to let market.”
New flights to Funchal
And now it will be even easier to reach this tourism hotspot this summer. Starting on 13th May 2010, Flybe will be operating a direct flight from Norwich International Airport to Funchal. The popular budget airline has introduced the route and increased its charter seat capacity by 70% in anticipation of increased demand this summer.
For those interested in purchasing a second home on the magical island of Madeira, Experience International are running a number of Discovery Tours which offer serious potential buyers the opportunity to immerse themselves in the rich culture of Madeira, view the wonders of the island and tour the superb properties such as the Palheiro Estate, available.
Located on a prime hilltop site overlooking the charming capital of Funchal, the Palheiro Estate offers some of the most sought after completed residences on the island and now a number of purchaser incentives. Prices range from €325,000 for a 1 bedroom luxury apartment with private terrace to €1,600,000 for a stunning 4 bedroom villa with terrace and private garden.
Alternatively if you fancy creating your own masterpiece then take advantage of one of the well-positioned land plots available starting from €395,000 for 3,846 m2 plot with 400m2 construction area.
For further information on the Madeiran property market and Discovery Tours contact Experience International for your free Magic of Madeira 24 page magazine on + 44 (0) 207 321 5858 or visit www.experience-international.com.