According to the 2012 Doing Business Report published by the World Bank Group, Cape Verde has made an enormous contribution to the positive image of West Africa over recent years.
Official figures released in March from the Cape Verdean National Statistics Institute (INE) show that the number of hotel units across the archipelago rose by a mighty 9.6% year-on-year, from 178 hotels in 2010 to 195 in 2011.
Whilst the Cape Verde economy has little to complain about, according to the IMF GDP growth is expected to rise to 7.1% by 2013, news of a fresh aid injection by a leading US Aid Agency has given the African nation a welcome boost.
Cape Verde proves it has survived the property slump that decimated many overseas investment markets. Buyer confidence in the paradise archipelago has returned, according to the islands’ most highly respected real estate agent Nôscasa.
Cape Verde proves it has survived the property slump that decimated many overseas investment markets as buyer confidence in the paradise archipelago returns, according to the islands’ biggest real estate agent Noscasa.
Boa Vista is one of ten islands that make up the archipelago of Cape Verde which lies 500 miles off the west coast of Africa. Dubbed ‘the sand dune isle’ and boasting 34 miles (55 km) of powder white sandy beaches, this largely undiscovered paradise offers barefoot simplicity not seen this close to the UK for decades.
The award-winning development of Vila Jardins do Oceano, just 40 two and three bedroom villas in an idyllic beachfront location, has been quick to sell due to a clever combination of high quality and low pricing.
As the closest tropical destination to the UK and Ireland, Cape Verde is fast becoming a firm favourite amongst European investors. The archipelago is attracting significant interest from experienced as well as first time emerging property market investors who are looking to combine good returns with an idyllic holiday retreat.
There’s nothing like a good credit crunch to jangle the nerves. The brakes go on big financial decisions, an overseas property purchase being the most obvious.
The vast majority of Cape Verde property purchasers are hoping for consistent rental income coupled with a small amount of personal holiday usage each year.
According to a new survey by Jet-to-Let Magazine investor interest is moving away from the UK buy-to-let market and towards foreign investment opportunities.
As an IFA, Tony Sharp, 40, is used to giving out best advice on how to make the pennies work hard to secure a brighter future. But with one particular client the roles took an unexpected reversal.
Recently dubbed ‘Europe’s Caribbean’ by The Telegraph and already famous for being an exotic winter sun retreat and a tropical paradise within easy reach of the UK and mainland Europe, the Cape Verde archipelago is now rapidly emerging as an exciting and affordable destination on the yachting fraternity’s map.
The current credit crunch is having some surprising effects, not least on the property market. In the UK, building societies are reporting a slowing of sales and a decrease in property values with the market bracing itself for a further decline under the threat of more rises in the mortgage rate.
Boa Vista, the furthest east of the Cape Verde archipelago and known as the ‘island of beaches and dunes’, is home to Palm View Resort – one of only a handful of six-star residential resorts in existence and more than worthy of its rating.
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