Property for sale in Cape Verde

Cape Verde consists of 10 small islands located 450 km off the coast of West Africa [view map]. The key drivers for real estate growth are as follows:

1. Very competitive property prices at the start of the overseas investor market
2. The start of direct flights between the UK and Praia airport from November 2006 (Currently, TAP fly to the islands from London via Lisbon)
3. Tourism predicted to increase 200% by 2010
4. Strong possibility of inclusion in the European Union
5. A stable economy (GDP growth of 6.6% in 2005)
6. A multi-party stable democracy
7. The government has launched a number of programmes to encourage inward foreign investment and is developing its real estate development carefully in order to avoid blighting the country’s natural beauty
8. The coolest temperatures of any country in West Africa averaging 28°C (83°F) in the summer.
9. A country of outstanding natural beauty with clean blue waters and white sandy beaches

What do the Analysts Say?

• ‘ There’s every chance that property in Cape Verde will feature strongly as a second home destination in 2006 and beyond’ – Channel 4’s ‘A Place in the Sun’
• ‘ The opening of the new airport puts Santiago on course to offer imaginative British property investors an excellent financial return’ – ‘Property Investor News’