property in Cape Verde Islands - the Caribbean of Europe

cape verde islands were largely unknown until recently and are about to hit the mainstream

With all year round sunshine and tropical climate, Cape Verde is set to be a big destination for British, Irish and northern European holidaymakers within the next decade. The tourism industry in Cape Verde has grown 25% in the last year and is expected to increase many fold within the next few years. For smart investors, that means rental income.

The country's main economic drivers are now firmly identified as tourism and the service industries, which are being driven forward by the Cape Verdean government who have ambitious plans for conservation and tourism, which can only be good news for investors!

The Cape Verde Islands consists of 10 Islands each with their own distinct features and beauty. The Islands are located 400 miles off the West Coast of Africa, about 1 hour further flying time than the Canary Islands. Sal is currently the main island for the development of tourist and investment property and where our local partners are based. It is renowned for its glorious sandy beaches which rival anywhere in the world.

In an area of such obvious growth and potential, property purchasers are confident they will experience substantial financial gains as the demand for holiday homes and property in Cape Verde increases.

here's why:

Current market growth is estimated at 15-25% per annum

There is a stable political, economic and exchange rate environment

Favourable legislation to foreign investment with the absence of cross border fiscal data collaboration

Its close proximity with Europe

Environment - The country is rich in natural beauty, history and culture

Weather - With average temperatures of 25°C, virtually guaranteed sunshine year this is a 365 days per year rental market. Cape Verde provides Caribbean climate without the hurricanes!

Travel time from the UK to Cape Verde is just 30 minutes longer than to the Canaries and more airlines will offer flights as accommodation becomes available. Cape Verde has signed an 'Open Skies' aviation agreement with the US.

Rental Market - With a huge increase in the number of tourists expected to visit Cape Verde in the coming years, investors can feel assured that there will be a strong rental market for their property investments in Cape Verde

With its 365 days per year tourist season, the opening of four international airports, a stable political climate and limited space for construction, Cape Verde has now become one of the top spots for investors all around the world seeking substantial capital growth over the next few years.

Interested in property in Cape Verde Islands? Please contact us directly and we'll be pleased to assist you.