Madeira’s government wants to attract “high-income foreign residents” in the eastern market to buy a home in the archipelago, the regional chief executive said Monday, noting that the real estate sector is “fast growing.”
Our main objective is to continue to attract high-income foreign residents to Madeira, this means a multiplier effect on employment, it means that Madeira will become more and more a cosmopolitan region, more open to the world, with residents with purchasing power who move all the economy and all sectors and parishes,” declared Miguel Albuquerque.
The President of the Regional Government (PSD/CDS-PP) was speaking at the inauguration of the new facilities of PrediClub, a real estate company, in Funchal.
We want to test the Eastern market, which is a market with great potential and great purchasing power,” said Miguel Albuquerque, without specifying specific countries and without indicating what strategy will be developed.
The head of the insular executive stressed that, despite the commitment to high-income foreign residents, the The regional government will not neglect “fundamental investments” in housing guarantee access for Madeiran families and young couples to “quality housing” and “decent prices”.
Miguel Albuquerque highlighted, in this context, the housing program at controlled costs and the incentives for the reactivation of housing cooperatives.
There is no incompatibility between real estate, the attraction of foreign residents and what is necessary for families in Madeira”, he said.
The president of the island’s government also said that the The real estate sector was not affected by the pandemic crisis and is in “frantic growth” three years ago in the region, with a “quite substantial” billing.
Madeira is increasingly sought after by foreign residents and more and more people come to the conclusion that Madeira offers all the conditions of security, quality of life, modernity to live here and this is important, especially for our economy”, he said. .
Also according to Miguel Albuquerque, the expansion is taking place “throughout the island, not only in Funchal, but also in the west and north”.
It is very important, especially for some of the municipalities that are experiencing some demographic decline, to have this increase”, he reinforced.
Source: Observadora
