Cape Verde » Market Report

Cape Verde is a very up and coming destination as far as overseas property buyers are concerned. Economically the government of Cape Verde is encouraging both inward and foreign investment and has an aggressive growth strategy when it comes to tourism.  While property developers are moving in to meet demands from those people who are interested in buying property in Cape Verde. 

As Cape Verde develops its tourism based economy, chances are that it will become a good location for a long term property investment.  Demand should increase for holiday rental homes and as the infrastructure and appeal of the islands increases so property prices should rise as well. 

Each Cape Verde Island and islet offers a different ambience any traveler will surely enjoy like hilly, flat, lush, and dry (except in August, September and October). The beaches are spectacular and although tourism has encouraged developments in the islands, it maintains an unspoiled beauty perfect for a get-away.

With its 365 days per year tourist season, the opening of four international airports, a stable political climate and limited space for construction, Cape Verde has now become one of the top spots for investors all around the world seeking substantial capital growth over the next few years.

The country's main economic drivers are now firmly identified as tourism and the service industries, which are being driven forward by the Cape Verdean government who have ambitious plans for conservation and tourism, which can only be good news for investors.

New developments are rising in almost every major island in anticipation of the boom. Capital values are rising by 10% to 15% annually.

Housing the main international airport, property choice on the golden-beached island of Sal is diverse as British buyers join an established core of Italians, French and Dutch, with property prices up by 25 per cent over the last year. The bulk of tourism activity is happening in the southern tip around Santa Maria, a pastel-coloured town with a fin-de-siecle feel reminiscent of Havana. The largest and most "African" of the islands, and home to the capital Praia, Santiago is gearing up to receive direct flights from the UK by 2008.

International Property Brokers forecast that the real economy growth will be increase between 6 and 7 percent. At the moment the real estate property is a big business in this very small but naturally beautiful island. The property market is showing great capital growth and rental yields. This island is just 5.5 hours distance from United Kingdom. This island is naturally beautiful and is a great place to visit for seasonal and holiday travelling. So we strongly recommend this country for making hotels and resorts for seasonal and holiday travellers around the globe. International Property Brokers also forecast that capital values of Cape Verde property will increase annually by between 10 and 15 per cent in the upcoming years.