Looking For An Investment Property Overseas - Look No Further Than Cape Verde
Both investors wishing to expand their property portfolio and those seeking a second home or holiday home are looking closely at Cape Verde property. Why? Because the investment potential is enormous.
Investing in Cape Verde real estate offers many advantages. The advantages of investing in Cape Verde are enormous. In some people’s opinion there is one factor that could be considered less than positive about Cape Verde – the size of the islands. The country is a archipelago of 10 diverse islands all of which are relatively small. This could be a negative why? Because some people like built up areas with plenty to see and do.
Yet this works in reverse for other people smaller the island the better for a lot of people. Sal Island is the principal island undergoing significant development.
Sal island boasts beautiful beaches with crystal clear water and golden sand, and is just 30km in length.
The island is very small, and at the moment it is very barren, and for many people this represents an exclusive investment opportunity however for other people the size of the island is a downfall.
While the size of the island is a personal preference, there are other indisputable facts which make Cape Verde real estate a popular and sensible investment choice .
What are these undeniable facts?
One of the primary benefits of Cape Verde is the fact it is still a very virgin property market.
At the moment luxury apartments and villas are being built at extremely low prices compared to Mediterranean destinations.
Property prices will inevitable skyrocket as the island develops.
High capital growth is expected, as much as 30% per year.
In Cape Verde the rental market is year round thanks to the perfect weather.
Considering it takes just 5 hours to fly to Cape Verde and with no jetlag, this is an extremely sought after location as it is the closest tropical island to mainland Europe.
There has been a massive increase of tourists visiting Cape Verde, in 2006 there was an increase of 25% and this is expected to increase even more in the future. By 2015 the National Statistics Institute (INE) predicts there will be 1m tourists annually by 2015.
The low cost of living and affordable holidays is another selling point for Cape Verde.
There is currently huge private and government investment going into the country. The government identified the growth tourism as a strategy for sustainable economic growth. The Government implementing a number of programmes through The NDP (National Development Plan 2001 to 2005) to develop and improve the infrastructure of the Islands.
Cape Verde is a truly unique destination with its lush vegetation, breathtaking mountain landscapes, and awe-inspiring coastal views.
As soon as the country becomes a popular holiday destination which it is destined to be, then Cape Verde property will increase drastically in price. If you are looking for an
Overseas investment property or a holiday home for use in a few years time, Cape Verde represents an excellent investment opportunity.