Funchal, which is Madeira's capital, combines a high level of quality of life with good weather, security and an international airport and all with the possibility to get a golden visa. All this is within your reach if you choose to invest in one of these buildings: Savoy Residence | Monumentalis and Savoy Residence | Insular.
This city is well known for its geographical location, natural beauty, and easy access to goods and services, but now with the new developments that AFA Real estate has made available in this region, the city will also become notable for its sophisticated and modern construction.
With several direct flights, Madeira is really close to the European capitals. In fact, "our island offers an unparalleled experience for those who visit and live here. It is a safe region, sought after by digital nomads and tourists from all over the world", said Victor de Sousa, General Manager of AFA Real estate.
As we are already used to from the AFA Group constructions, these apartments will have a very charming and sophisticated design with eye-catching views. The most stunning Madeira has ever seen, I would say.
“The Savoy Residence | Insular is located in an area that for over 200 years was one of the city's main trading points”, he said.
As for Savoy Residence | Monumentalis, "it brings to Funchal a new concept of multifamily housing with villa-style apartments with green areas and en-suites with unique terraces and private pools. All apartments have spacious balconies with incredible views over the Atlantic Ocean", Victor de Sousa told The Portugal News.
In common, these two sophisticated buildings offer open areas, the highest quality of materials used in construction and the sea view location. "All rooms are en suite, with green areas, views over the sea and the city, 24-hour doorman service and access to the services of the Savoy Signature hotels as if you were a guest, among many other services and benefits," explained the GM.
Suitable for investors
In addition, these new developments are suitable for investors looking for property in Portugal, while taking advantage of the golden visa benefits.
Since the beginning of the year, real estate investors looking for Golden Visas have seen their investment opportunities limited. However, this is not the case in Madeira.
Those wishing to purchase properties to be granted with a Residence Permit for Investment Activity (ARI), known as a Golden Visa, can continue to do so in Madeira, as this is still one of the regions included in the list.