Property in Cape Verde
Millions of euros are being reinvested in Cape Verde to transform the landscape where rich tourists will be happy vacation. Much of this money comes from private investment because the economic and political stability of the nation is so strong and suitable environment for foreign direct investment commitment. Much of the money spent on travel and tourism related projects such as the development of the marina, golf courses, water parks, etc. This increases the attractiveness of the islands which, in turn, increases a property investor’s ability to rent their property.
The cost of day to day living in Cape Verde is very affordable and even local resorts where they complain of “tourist prices” being charged, tourists are unlikely to notice, as prices are still well below those of the United Kingdom, for example!
The World Travel and Tourism Council forecast to 6.2% average annual increase of arrivals in Cape Verde over the next decade with some local sources predict up to 500000 arrivals for the year 2015 … naturally This bodes well for those with property assets such as increased demand by reducing vacancy rates and improving yields.
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Tags: Property in Cape Verde, Property Investment, Resort
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Property Hot spots in Cape Verde | 3 Days Business Guide Says:
July 14th, 2010 at 11:54 pm
[...] Verde from local banks. Usually, up to 85% LTV is available – but of course this depends on individual circumstances. The costs and fees associated with the purchase reaches a maximum of 7% – this is much better [...]
Cape Verde: Property Hot Spot | 3 Days Business Guide Says:
July 18th, 2010 at 12:33 am
[...] Cape Verde Islands, an archipelago of ten islands and eight islands off the west coast of Africa, is now a property hot spot. [...]