Foreigners Pay More For Property? ; Siram Win New Year Lighting Contract ; Bank Complaints Up
(16th September). ‘Bank Complaints Rise 27%’. The number of customers complaining about their banks rose 27% in the first 6 months of this year.
The government of Madeira will compensate farmers whose grapes do not reach the minimum standards (grade). The weather conditions have hampered the ripening of the grape crop, worrying farmers that their produce may not reach the ‘minimum degree of alcohol’ needed for Madeira Wine and table wine. The compensation will be between €0.50 and €0.60 a kilo, depending on the destination for use. Another type of grape ‘Arnsburger’ will attract less compensation.
‘Building project thinking about the foreign investor – ‘Monumental Residence’ cost €10.5 million. The 2nd phase was inaugurated yesterday’. It looks like many other buildings in Amparo, Pilar and even Ajuda, but this new building near the Rotunda da Assicom, in Funchal, is built with the aim of selling the 55 apartments to external investors, foreigners, or even emigrants that want a second home on Madeira. Sales are going well according to a spokesman for the building, which also includes 9 commercial units. An average T2 apartment there will be in the price range of €175,000 to €200,000. "In relation to what is normal, these apartments are 25 or 30% more expensive than market prices". Why? And who chose that silly name?
The last of today’s headlines (for today) : ‘Siram Win Tender – End of year illuminations are judged. The lowest price was worth nothing, as proposed by ‘Inductora’. The Siram consortium ‘Luzosfera’, who have had the contract for Christmas and new year lighting and decorations in Funchal for many years, have been reawarded the contract, despite the entrance of an under bidder in the tender contest. The Regional Secretary of Tourism and Transport assessed the two proposals using a points system, and awarded the contract once again to Siram, who have been in the chair for 20 years unopposed. The two areas that swung the deal were experience, and creativity in the new proposal. The two year contract, worth €6.5 million, also includes the Carnival and Flower Festival. The Siram consortium is made up of six sub-holdings, being Luzosfera, Art of Sound, ‘Festival Factory’, Stage Madeira, Kevents, and Full Zoom. Original blog article with more detail HERE
Duarte Ferreira, Director at Madeira Airport, said: “The launch of this new scheduled route is extremely positive news for Madeira and will open up this beautiful region to many more visitors. The creation of this brand new link, especially at a time when other operators are looking to cut costs and services, plays such an important role for tourism in the region, benefiting the local economy and people working and living on the island. We hope that this partnership with Jet2.com will result in the opening of several new routes from the UK in the near future”. Talking about the Jet2 announcement that it is to commence a weekly scheduled flight from Manchester to Madeira May next year.
The cruise ship ‘Pacific Dream’ will be making its last visit here on Friday. At least there is no agreement made that signifies that it will be returning.
