Machico has recently welcomed a new real estate project worth 12 million euros, showcasing the city’s growth potential. This development, featuring 55 units, is already a commercial success, with nearly all units sold. What makes this project stand out in the competitive real estate market?
- New real estate project in Machico.
- Investment of 12 million euros.
- 55 units: residential and commercial areas.
- No bank financing used for project.
- High demand for T2 apartments noted.
- Future projects will focus on vertical development.
Machico’s New Real Estate Project: A Game Changer for Residents and Investors
What does this new development mean for Machico’s residents and potential investors? The project not only provides modern living spaces but also boosts the local economy. With 42 spacious apartments and a commercial area, it offers a vibrant community hub.
Key Features of the Machico Real Estate Development
This new project is designed with comfort and convenience in mind. Here are some of its standout features:
- 42 apartments with generous layouts, some reaching 180 m².
- Commercial space featuring 12 to 13 shops, enhancing local business opportunities.
- Strategic location near essential services, including pharmacies and emergency services.
- No bank financing was used, ensuring lower costs and greater customer satisfaction.
Why Are Buyers Flocking to Machico?
Buyers are increasingly drawn to Machico for its affordability compared to the capital. The prices here are significantly lower, making it an attractive option for both locals and returning emigrants. With over 100 clients on the waiting list, the demand for T2 apartments is particularly high.
Future Developments in Madeira: What’s Next?
Looking ahead, the developer, Miguel Viveiros, plans to launch more projects in Madeira, focusing on vertical designs due to limited land availability. This approach aims to create pleasant living environments while promoting sustainable growth in the region.
