5 days before prices increase
The developer at Ponta do Pargo Resort in Madeira is planning to increase their property prices next week to coincide with the announcement that planning consent for the new Sir Nick Faldo design 27-hole golf course in the region has been approved...
The five-star Ponta do Pargo Resort represents the most luxurious apart-hotel developments on the Portuguese island. Owners investing at this off-plan stage can not only look forward to enjoying their property and the lifestyle it offers once completed, on a shared ownership basis, but they can also reap the capital growth rewards during the construction phases of the development, until completion in 2012.
Properties at Ponta do Pargo Resort are expected to yield an 11% rental return, based on an average annual occupancy rate of over 61%. 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 represents a gross £37,000 per investor, on the back of a total investment of just £15,620.
Prices for a 13th share of a luxurious unit at the resort will increase to £17,914 overnight on the 20th December 2009. Customers that buy today can rest assured that they will be making a profit, as well as securing a piece of luxury.
With the planning approval now granted for the development, Morgan Forbes aims to start building work next year. A fully refundable reservation fee of £5,750 applies.
Visit www.morganforbes.com/ to read more.