Investing in Property in Cape Verde

It’s time to escape to an island paradise, a chilled out land of awe inspiring geographical contrasts providing incredible early entry investment opportunities with a Caribbean vibe. Here you will find relaxed island living with property prices at their best, with a unique blended of African and European lifestyles.

Cape Verde is fast becoming one of the hottest emerging investment markets for both European and North American buyers, and in this issue we will show you why.

Overview of Investing in Cape Verde

While many of the popular established markets have started depreciating in value, increasing numbers of property investors are looking into emerging overseas markets featuring fresh new possibilities for increasing capital growth, even in the current world economic climate.

Cape Verde has leapt into the emerging market radar as a fresh new alternative for high capital returns and its genuine rental return potentials. Local tourism is starting to boom with ever increasing visitor numbers from countries such as Ireland, England, Germany and its already established Portuguese market.

The areas undergoing development in Cape Verde are resort style projects featuring modern private homes and much needed hotels, all within self-contained residential developments. Beach front properties overlook miles of golden sand and turquoise waters that are attracting ever increasing numbers of buyers, offering a sought-after environment for holiday makers wishing to rent private accommodation, along with the owners buying into their very own piece of paradise.

With the realisation of Cape Verde being only one hour south of the Spanish Canary Islands, increasing numbers of Europeans are starting to take a genuine interest. The location is already an established holiday destination for the Portuguese and the Italians, who have assisted with the steady growth and development of the nation since its independence from Portugal in the mid 70s.

Short, mid and long term options are available to all levels of investors, and with a stable government focussed upon the growth of the property investment and tourism markets, buyers are assisted with a safe and welcoming ease of purchasing processes. The locals are incredibly relaxed, warm and friendly, with a genuine interest in the foreigners visiting their nation, as they are keen on the economic growth, education and development that overseas property investors are providing.

News Highlight – Incredible tourism growth levels

Investing in an emerging market for buy-to-let purposes has a success rate highly dependent upon the tourism market and its potential for growth. In the past 12 months alone, Cape Verde has experienced an impressive growth in visitor numbers and is seen as the beginning of a potential mass market destination. The currently small numbers of hotels on islands such as Sal have been running at an average of 90% occupancy throughout the year. Being a tropical destination, Cape Verde offers a 12 month rental season, meaning that income can be generated year-round, with no low-seasons.

Development of resorts has been highly regulated to avoid possible over-construction, ideal for both the preservation of the local nature and for increased demand in the mid to long term for properties, creating a potential for high capital returns. As many of the approved resorts are only beginning in their construction phases, prices are at their lowest and genuine bargains can be found if comparing Cape Verde with its close neighbours, the Canary Islands and the Caribbean.

Infrastructure such as international airports, shipping ports, marinas, inter-island connections, golf courses, casinos and modern conveniences are all being developed. These are being made with serious consideration for the country’s economic and touristic growth, by a democratic government with ties to both the European Union and West African communities. The local currency, the Escudo, is also tied to the Euro providing further security to investors and convenience for holiday makers.

Why Invest in Cape Verde?

• High Capital Growth and Rental Potentials
• Expansion and upgrading of Sal Island’s Almicar International Airport
• Planned PGA golf courses
• Strict building regulations ensuring capital growth and protection from over-development
• Daily direct flights from Lisbon and weekly flights from the UK
• Considered to be the Carnival Capital of Africa with an abundance of lively entertainment
• Low cost of living
• New marinas being developed on Sal Island
• No VAT charged on property purchases
• High demand for rental accommodation
• Local currency is tied to the Euro
• Democratic, peaceful government encouraging international investments

Latest news in Investment Markets – USA, Florida

The property market in Florida has always been a popular choice for both US investors and the international market, increasing in capital gains over many years by up to 30% per annum. The market reached its peak a few years ago and the weakening of the US dollar against the GB pound began to slow down this massive annual growth.

Property in Florida has recently begun to see several foreclosures due to the current economic downturn, although properties sales are still continuing due to the bargain opportunities in comparison from previous years, especially for overseas investors such as buyers from the UK.

Certain areas of Florida will always be popular and the market is established, along with being a world renowned holiday location. The improved affordability of the region, lower interest rates and optimism of an improved US economy in the coming years has created an ideal time for investors to enter into the Florida property market for mid to long term investments.

As an established and sought after market, with year round sunshine and high rental demands, the property market in Florida currently presents an ideal market for investors searching for a reliable investment location with guaranteed returns that will always be in demand.
Property Investing USA Homepage

Property Market Focus - February 16th, 2009

Coming Next Month!

The Bulgarian Investment Market

Next month we will be bringing you property investment news from Bulgaria, an emerging European market that has remained in demand and continues to see high growth figures as the market settles into its recently acquired EU status, and continues establishing itself as a year round holiday destination.

Bulgaria has gone from strength to strength in recent years as an ideal property investment location, and since joining the EU in early 2007, interest in the region has steadily continued to grow. The destination offers year round opportunities for buy-to let investors, with beach, mountain and city locations, all contributing to the appeal.

Capital growth in Bulgaria has not slowed down, as the demand continues to grow. Properties being developed are to a high standard, with first class amenities and a convenient ease of access for buyers and holiday makers.

The local economy is growing and efforts are being placed into making the destination equal to those of Western European standards. While the interest for investing in various European regions has slowed considerably in the past years, Bulgaria remains strong for all investor preferences, providing short, medium and long term potentials.
Property Investing Bulgaria Homepage

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