Israeli Yard Properties invests seven million in luxury apartments in Funchal

Tobi Hughes·
Madeira News

Israeli developer Yard Properties is preparing a seven million euro investment in Funchal, its second project in the country.

According to Jornal Económico, ‘Ferreiros Residences’ is Yard Properties’ latest venture, with 14 one and two-bedroom apartments, with construction areas ranging from 70.90 to 85.90 m2 for one-bedroom apartments and 118.30 to 208.85 m2 for two-bedroom apartments. Prices start at 350,000 euros. Six apartments have already been reserved, although the project’s official sales will start on 15 January.

In Portugal, Yard Properties has already completed ‘Outubro 355’, in Entrecampos, Lisbon, with an investment of over 13 million euros, with ‘Ferreiros Residences’ being the second project in the country. The new development under development in the historic centre of the capital of the Autonomous Region of Madeira has investment from BPI.

The steady growth in property values ​​in Madeira and its attractiveness as a lifestyle destination have attracted the attention of local and international investors. And despite broader economic fluctuations, demand for prime residential space in Funchal remains robust,says David Rabi, CEO of Yard Properties, in the news published by Jornal Económico.

The official stated that “Madeira has long been a popular destination for British and Western European buyers and, in recent years, we have seen a new wave of interest from North American investors, which is refreshing”. “The recent announcement by United Airlines of direct flights from Newark to Madeira Airport in Funchal is an important milestone, and we believe that, for Madeira, the best is yet to come”.

(ask any local and most will disagree)

From Jornal Madeira

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Tobi Hughes

17 Responses

  1. Please stop this development! The island is already overbuilt and the west end of Funchal now looks like Miami. I hate it!

    1. You are right Shelagh. Madeira is being overbuilt and the developments are ruining the island.

  3. We have stopped coming to Madeira after many visits as it is becoming overbuilt and doesn’t give a good vive anymore. We used to feel safe in Madeira but no more. You don’t need to create a huge city like Miami with all the problems it brings in. Stop the development. More development doesn’t bring back more tourists.

  4. We have only been coming to Madeira for 6 years and loved it but I can see so many changes and I don’t like it. It can’t possibly be good for local people who are being priced out of the housing market. Greedy developers and probably local government are the only winners. Its disgusting.

  5. I suppose once flights from USA started we all knew what was going to happen to this once beautiful island! Am sure Mr Trump will want a golf course here! I agree it’s the greed of the government and their ‘brown envelope’ scheme that has resulted in the awful developments

  6. I have been coming to Madeira for 20 years. I agree with the previous comments.
    To add – it is shameful and immoral that Madeira (and Portugal) are accepting investments from Israel, when others all over the world are cutting ties and asking for the expulsion of Israel from the UN because of the unprecedented genocide of the Palestinian people, mostly women and children, it has been committing daily for more than one year, because of its aggression on Lebanon and because of its continues terrorist activities in the Middle East for decades.

    1. JB. When I read the headline, Israeli Yard, I expected at least one comment like yours. As you haven’t spoke of it, may I in an attempt to be fair, mention that prior to the activities you write of, point out the actions of the Hamas terrorists on Oct 7 when 6000 of them attacked and killed 1,139 mostly unarmed people, and took 250 hostages. Over 100 are still being held. This was after firing at least 4,300 rockets into Israel. Following this the Governments of 44 countries denounced the attack and described it as terrorism. The number of deaths within Gaza can be placed at the door of Hamas with their avowed intention of the complete elimination of the state of Israel and it’s citizens and the deliberate tactic of placing themselves within the mostly women and children population of Gaza and their vast network of tunnels beneath the cities and hospitals. For them it as win win situation, for every Palestinian killed it is an addition to the headlines of what you and others refer to as terrorist activities by the IDF. I accept your comment but would ask, do you condone or believe that Hamas was justified in their actions of October 7? I look forward to your reply.

      1. Everything you have stated is just regurgitated propaganda that you’ve seen or read on the TV and the papers. Nothing you’ve stated is even remotely true.

    2. JB, both you and I put our heads over the parapet by commenting on the activities of the legitimate army of Israel and the terrorist activities of Hamas. I am prepared to carry on doing so. Can I and other readers assume by your silence at my questions, do you condone or believe that Hamas was justified in their actions of October 7, that you agreed with those actions?

      1. Youve clearly been brainwashed by the mainstream media. I can absolutely guarantee you that if you have seen half of the videos of atrocities that the IDF have caused, the abuse of human rights in prisons where only this week a Palestinian surgeon was raped to death maybe you would understand. Learn about the history of the Talmud and Zionism. These are without doubt the most evil, wicked people on the planet and as for the Hamas attack on October 7th, any critical thinking person would know this was a deliberate setup in order to carry out the genocide Israel continues to do, after all Hamas were a creation of Israel. There’s plenty of information out there if you care to look. People need to get out of this abhorrent mindset that Israel are doing the right thing. I make no apology if you find this offensive.

        1. Thank you for your reply and I don’t find it offensive, indeed I am pleased we can disagree about this. I just wish JB would have replied to my questions. At the age of 83 I tend not to be swayed by the main stream media but consider all information that comes my way. So that I and others may perhaps agree with your thinking that the October 7 massacre was a deliberate set up, that the Israeli Government decided to kill over 1000 of their own citizens, can you tell me of your sources, I would read these. Perhaps they could, clear up how 250 hostages were taken to Gaza and 100 plus are still being held there. Evidence of this is the videos released by Hamas their selves. To do this the Israelis must have some secret agreement with Hamas. I don’t believe Israel are doing the right thing but when you have an enemy on your doorstep who has vowed to eliminate you and your country and whose strategy is to hide behind the innocent women and children you speak of, then I don’t know what is the right thing. I’m sure you have an answer but it must begin, as a sign of good faith with the release of the hostages.

    3. Unfortunately JB, you and I are a rarity in knowing the truth about the atrocities the IDF are causing which are beyond the imagination of most right thinking people.
      People speak out of ignorance, because the only thing they have is a television between the ears.

  8. I’m Madeiran born and return yearly now for a holiday preferring to stay away from the city as there are other beautiful areas where one can relax.
    What did upset me tho, when i was last there in August, was to see the words ‘free Palestine’ spray painted on walls! Unfortunately I couldn’t take a photo due to traffic behind me. This is totally unacceptable!
    In fact I think the government should get the Israeli’s involved with the building of the new hospital as I’m sure they would get the job finished much quicker as its much needed now and not wait for years to be completed.
    By the way JB, Israel never started the war and they have every right to defend themselves as in all wars.

    1. Sorry ana but you are totally ignorant of the facts. Don’t post things that you know nothing about. You are defending evil that is beyond the imagination of most people. Stop believing what you see on the TV and read in the papers.

  9. So it’s one big conspiracy by the media ? Please point us towards your sources of the truth, not your thoughts but the information you base your beliefs on. In this age of instant news and the social media I find it hard that all the these media outlets while they may disagree about what is to be done they all seem to print the same news.

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