Cape Verde Investment and off plan property

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Investment Property in Cape Verde

Property in Cape Verde - A True Emerging Market

Cape Verde is experiencing vast investment in tourism and infrastructure. This will provide a perfect environment for good returns on investment in Cape Verde property.

Cape Verde has experienced over the last years a sharp increase in direct flight services to Cape Verde from Europe. The Cape Verde island is rapidly becoming a mainstream holiday destination for many European countries.

Cape Verde is set to become Europe's number one African tourist destination. The numbers of tourists to the islands have been consistently increasing with 25% since 2004 and is expected to grow to 500,000 by the year 2015.

International property investors are becoming increasingly aware of of Cape Verde's true investment potential.

Because of the competitive pricing most Cape Verde off plan property developments sell out quickly.

As property prices in Cape Verde are rising quickly we advise investors who are interested in Cape Verde property to act fast.

Why invest in Cape Verde Property?

Cape Verde property investment recommendation are based on its promising emerging market and the fact it is set to become a major tourist destination for European holiday makers. As the islands are on the the advent of a huge tourist boom, this will have an inevitable impact on the value of all timely real estate investments in Cape Verde.

Cape Verde property provides investors the opportunity to buy quality property in a prime location today, while prices are still low.

Natural and Cultural Factors

• Year-round warm, sunny weather.
• Closest Tropical islands to Europe.
• Beautiful beaches, exotic Tropical plantations and breathtaking mountains.
• Low cost of living and affordable holidays.
• Flight times of only 5.5 hrs from UK with little jet-lag due to similar longitude.

Economic Factors

• Early stages of development in Cape Verde make it an ideal time to invest.
• Huge growth potential in tourist industry.
• New International Airport. Cape Verde airlines to start direct flights from UK in 2006.
• Very strong public and private investment.
• Currently being re-classified as a "middle-income" country due to foreign investment in infrastructure and tourism.
• Strong possibility of inclusion in the European Union.
• Excellent property prices, Cape Verde beach apartments from €47,000.
• Exchange rate value of local currency is fixed to the Euro.
• A multi-party, stable democracy, supportive of foreign direct investment.
• Over 70% increase in property value over the next 24 months expected.
• Guaranteed rental schemes in place for up to 3 years.

The "Buy to Let" Market in Cape Verde

The number of tourists visiting Cape Verde has grown at an average of 25 percent per year over the past four years. From 67,000 tourists in 2000, the figure jumped to 178,000 in 2004. The latest figures ndicates that this figure has again doubled to 350,000 in 2006.

Usually emerging markets can present a high level of risk to an investor who purchases property with the view of using a "buy to let" investment model as they are relying on the growth of tourism to provide a constant stream of visitors wishing to rent their property.

In Cape Verde this tourism is now present and growing at an rapid rate, meaning that there is already a growing demand for "buy to let" property in particular near 5 star resorts..

Also, the increasing numbers of tourists pouring into the main Cape Verde resorts is also creating a demand for long term accommodation for the tourist service industry, who are re-locating to the area to service the demands of the growing numbers of visitors.

In general the "buy to let" market in Cape Verde has great potential and is a major reason why Cape Verde appeals to investors in overseas property.