Holiday rentals news - Madeira getting new Nick Faldo golf resort

Madeira getting new Nick Faldo golf resort

Madeira is set to get a new golf resort. Plans for a new Nick Faldo resort are being finalised.

Planning permission has been granted for an 18 hole golf resort at Ponto do Pargo, reports Homes Overseas. The new golf holiday development would also incorporate property investment opportunities.

The approval of the new resort is expected to cause property values to boom in the Ponto do Pargo region. Commenting upon the prospects for Madeira apartments and the golf resort, the website's Marc Da-Silva said: "With a number of budget airlines flying to Madeira from all over Europe, I fully expect property values to appreciate...in the coming years"

The island has an ideal year round climate for golf enthusiasts, Da-Silva added. The sport itself is also a "great catalyst" for attracting high net worth individuals to Madeira and improving the local infrastructure as a result .

Describing the Madeira course on his website, Faldo writes: "With many of the holes hugging the cliff tops and views across the ocean from much of the course, this will certainly be an aesthetically appealing round of golf."

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