Cape Verde
Until recently, Cape Verde’s beauty was a well kept secret; the long beaches and endless white sands lapped by perfect turquoise seas were traditionally kept for the fortunate few who knew of its secluded, unspoilt existence. Nowadays, Cape Verde has become a popular destination for retirees and investors, yet is still marked under the file named ‘emerging’.
Tempted by property in Cape Verde? You should be. Because this new investment hotspot is so exotically unusual, buying here is one big magical mystery tour.
Cape Verde consists of ten idyllic, seductively-named islands off West Africa: Sal, Maio, Fogo, Brava, Boavista, Sao Vicente, Santo Antao, Santiago, Sao Nicolau and Sao Vicente. The islands enjoy a mesmerising melting pot of African, Brazilian and Portuguese cultures, colours and sounds. Not to mention the plentiful sugar-white beaches. Or the brightly coloured towns and moon-desert landscapes.
Cape Verde has already been dubbed the 'African Caribbean,' enjoying the same good weather without the hurricanes. The islands are crammed full of character and blessed with endless snow-white sands, so it's easy to see why these beautifully unspoilt isles are the latest buzzword in overseas property investment.
'Cape Verde – no stress' is the local saying that certainly rings true on these tranquil isles. An archipelago of ten uniquely different islands floating in the Atlantic Ocean, are a blend of sweeping scenery, unspoilt shores and translucent turquoise seas. These largely undiscovered islands offer a truly unique getaway for holidaymakers and those wishing to own a second home abroad. Whichever investment hotspot has you digging out your passport, with year-round sunshine and rain a real rarity - this is one holiday hotspot you won't want to miss.
Reasons to buy in Cape Verde
Outstanding Weather
Caribbean climate at a reasonable price. Cape Verde enjoys the same weather as the Caribbean but without the extreme weather conditions (hurricanes etc). The average temperatures range from 24°C in January to 30°C in September, making it a perfect holiday destination for those who enjoy basking on a beach.
Growing and Stable Economy
Ranking fourth in the world in the UN's Human Development Index, Cape Verde enjoys a well managed economy, with the local currency being linked to the Euro, keeping inflation low. Cape Verde is looking to join the Euro over the next two years which will further bolster this archipelago's economy.
Growing Tourist Trade
Tourist arrivals to Cape Verde are growing at an average annual rate of 22%. With this increase, the facilities on the islands improve, as well as the local economy. This also improves the buy-to-let situation, making a buy-to-let investment purchase a must.
Vibrant, yet Emerging Property Market
The demand for property on Cape Verde is currently outstripping supply, so for the investor, now is the perfect time to invest here. The government has a low-density building policy so the value of your property will continue to increase as property on the islands will always be in short supply.
Investment Information
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