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Cape Verde property on the rise

Monday, 28 January 2008 9:06 AM

Cape Verde has continued to increase its attraction as a potential overseas property investment location, with CapeV again recommending the archipelago.

The company - which specialises in property on the islands - argues buyers looking for a holiday retreat or property for income as part of a portfolio with opportunities for capital growth and rental return should consider the islands.

Attaining independence from Portugal in 1975, the republic is the closest collection of tropical islands to the UK - just a five-hour flight away.

Furthermore, as Cape Verde is in the same time zone as the UK, there is no jet lag when visiting.

"As a company specialising in Cape Verde we are the UK's sole selling agents for a number of prestigious new developments," said Darren Mitchell, director of CapeV.

"With a government supporting private enterprise and with tour operators seeing the benefits of year-round sunshine so close to UK shores, the ten main islands which form Cape Verde, will rapidly grow in popularity and stature and in order to capitalise, one needs to look seriously at investing now whilst prices offer such exceptional value for money."

The islands have year-round sunshine - as well as a range of tropical beaches and holiday resorts.

At present apartments in the region cost from £40,000, but CapeV is predicting increases of some 70 per cent over the next two years - making the islands well worth consideration when looking to invest.

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Cape Verde

Sitting just off the coast of Africa, Cape Verde has been attracting an increasing number of international investment admirers in recent years. Here aboutproperty takes a look to see what the hubbub is about.

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Sitting just off the coast of Africa, Cape Verde has been attracting an increasing number of international investment admirers in recent years. Here aboutproperty takes a look to see what the hubbub is about.

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