International Property News -
from Property Partners Worldwide

<<<back to articles

Cape Verde tipped for 30% annual capital growth

Date of Article: 9th October 2007
Source:

No wonder Cape Verde is tipped as one of the leading emerging countries for overseas property investors
Beachfront Tortuga Beach Resort and Spa, on the island of Sal, offers a projected 15% rental yield a year and up to 30% capital growth. Reservations start at only £4,000 and there are special offers on inspection trips and free legal services. Mortgages are available.
This is the place to invest. More affordable flights are being launched to Cape Verde, which take just five and a half hours from the UK and the country is set to be an alternative to the Canaries for tourists.
The luxury development features a range of beach-front properties, from two-bed apartments to four-bed villas – all with private gardens. Villas also have their own swimming pools. The homes are built to European standards and include air-conditioning and fitted kitchens.
Tortuga Beach Resort and Spa includes a gym, selection of swimming pools, restaurants and bars and has 24-hour concierge service to cater for your needs. The development is close to the international airport, so travel arrangements are easy.
With its tropical climate, wealth of natural beauty and international airport doubling the number of affordable flights within the last year, Sal has been favoured by investors looking for impressive capital growth and rental yield. Frontline, ocean-facing villas like Tortuga cost far less than they would on the nearby Canary Isles, so it is easy to see why demand is growing.
An increasing number of tourists are coming to Cape Verde on new direct flights from the UK. Twice-weekly direct flights from Stansted are being launched by Cape Verde's national airline TACV Cabo Verde Airlines on 29 October. It will fly to Praia, Santiago, on Mondays and Sal on Thursdays.
Tourists enjoy average temperatures of 25deg C (77deg F) along with numerous water sports and the natural beauty of Cape Verde’s 10 islands and 8 islets, which are 400miles off the West Coast of Africa.
Sal is one of the smaller Cape Verde islands, but it is one of the most important, because of its international airport and is by far the most developed for tourism and property development. It is here that investors are buying their properties off-plan for the inevitable increase in buy-to-let demand.


<<VIEW ALL ARTICLES