A rise in toursim in the popular island of Madeira is fuelling the property market where 70% of land is reserved for conservation.
An article by Mary Wilson published in the Financial Times highlights this trend.
Full article: http://www.ft.com/cms/s/2/3d6f6422-7989-11e1-8fad-00144feab49a.html#axzz1sCQMBYOd
The article mentions that tourism, which dipped over the past decade, is now on the increase, rising 8.6 per cent in the year to November 2011. This is good news for second-home owners, who choose to rent out their properties.
Also it quotes Linda Beaney of Beaney Pearce, who markets Palheiro Village in the UK “The sales market in Madeira has continued at a steady pace over the past three years. While fewer Brits have bought than in the preceding three years, they have continued to feature, and sales have also been to a spread of other nationalities including Scandinavians, Brazilians, Germans and South Africans.
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