PROPERTY MARKET NEWS IN MADEIRA ISLAND
OCEANFRONT CALHETA COTTAGE SOLD IN RECORD TIME
A stunning ocean front cottage situated in the village of Calheta with awesome sea views overlooking the Atlantic Ocean and Calheta Beach was on the market for 59 days and recently sold close to the asking price.
Although properties in Madeira can be on the market for a long time, strategically positioned ocean front properties that are realistically priced are selling a lot faster than the average to informed European buyers. New stringent legislation restricts the construction of properties close to the ocean front; hence all existing properties along the seafront will increase in demand from medium to long term. However, there are presently some very wild statements being made public regarding the local property market - such as certain areas reflecting increases of up to 35% , which is not the reality. For those who are serious in buying, visit our website for some of our property portfolio – none of the properties we market are owned by us. Sellers and buyers are welcome to contact us for an objective, unbiased and a market-related opinion.