Prospects for the Cape Verde property market are looking particularly enticing with double-digit capital appreciation forecast for the next year.
If the recent boom in tourism is anything to go by, property in Cape Verde has an extremely positive future; the National Statistics Institute (INE) has forecast around one million tourists annually by 2015.
Although not the largest or most populated island, Sal is streets ahead at attracting tourists and property development. With direct flights from the UK from both Manchester and Gatwick airports, Brits are being lured there and are buying Sal property.
Boa Vista property is being touted as the next Cape Verde hotspot, although right now you'll have to imagine the luxurious new villa-complexes being sold off-plan along the sand beaches because this is very much the beginning of the property development road.
Because of the infancy of the Cape Verde property market, getting non-resident finance for off-plan Cape Verde properties can be difficult, although there are some products slowly coming to the market
The process of buying property in Cape Verde is similar to the continental system using notaries, and government tax and legal costs add around six per cent to the purchase price of the Cape Verde property. It is imperative to use a good English-speaking solicitor and it is also better to visit the islands to fully understand where and what property in Cape Verde you are buying.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.
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Price: € 2,400,000
Investment opportunity for a Holiday Village Development on the lovely white sandy island of Maio. Partnership available for up to 30,000 m/sq of prime land with developer who has already successfully completed 20 top quality properties.
Price: €1,650,000 Bedrooms: 5
Cotton Bay Resort located in a coastal area of Algodoeiro is developed in a completely different way from other existing projects in Cape Verde.
Price: €1,000,000 Bedrooms: 5
The DevelopmentVoted "The Best New Development" in the 2008 CNBC Europe & Africa Property Awards, Fortim Mindelo has set the standard for world class development on the Cape Verde Islands.
Price: EUR 900,000 Bedrooms: 3
Situated on one of the most beautiful Golf courses in the Algarve, this charming villa is the perfect property for a permanent or holiday home.
Price: € 850,000
Location: Boa Vista, CAPE VERDEPrice: € 850,000
Price: €799,950 Bedrooms: 5
Set in beautiful landscaped grounds, but less than twenty minutes from Sal’s international airport, Dunas Beach Resort is a premium development of high-specification new villas and apartments.
Price: € 750,000
This is an amazing opportunity to buy a massive villa, 720 m/sq on 2 floors, PLUS 110,000 m/sq of land on Sao Nicolau, with fantastic views. The land alone is less than 7 euros a m/sq.
Price: EUR 650,000 Bedrooms: 3
Superb 3 bedroom townhouse located right on the Boavista golf course.
Price: € 630,000
This is a rare opportunity to be able to purchase a luxury frontline 4 bedroom villa in Sal, in the excllent 5 star Tortuga beach Resort.
Price: €593,995 Bedrooms: 2
Prices from: €76,000
Bedrooms: 1 & 5
1 bed apartments, 5 bed villas. 100% mortgage on completion, 7% guaranteed rental for 5 years. Option to renew.
