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Cape Verde breaks into overseas property top ten

Friday, 3 February 2012 11:07 AM

Cape Verde is now the seventh most popular destination for international property searchers, according to TheMoveChannel.com.

The tiny Atlantic archipelago of islands jumped 18 places in January by attracting 3.67 per cent of the property's website's visitors. Cape Verde is now ranked ahead of Turkey and Brazil and just below last year's newcomer, Bulgaria.

The USA also gained in popularity to overtake Portugal and France and take the number two spot thanks to its low property prices and signs of market recovery. However, Spain remains number one.

Dan Johnson, director of TheMoveChannel.com, said the future could be bright for Cape Verde since it had reached the top 10 without any major marketing push from agents and developers.

He said: "At the start of a new year, the principal property players are still the same, but some investors simply aren't interested in Spain or America.

"With its building tourist numbers and relatively un-crowded real estate market, Cape Verde's imbalance between supply and demand is seeing these buyers turn to somewhere smaller in the hope of bigger returns."

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