Property Investment in Cape Verde

Around 400 miles from Africa’s west coast, Cape Verde is an area of 10 small islands in the North Atlantic Ocean. The islands already have tourism on the islands and due to plans to promote the area internationally as a tourist destination, tourism population are predicted to rise over the next few years. As the islands gain in popularity with tourists, they are increasingly seen as a promising property investment.

The summer months of July and October are an ideal visit the islands as the weather is warm and the winds are milder. The interesting mix of Portuguese traditions, African scenery and European architecture provide a uniqueness that will appeal to all types of travelers. The wonderful scenery is different on each island with some flat and desert-like while others are volcanic and mountainous; all of them offer magnificent coastlines.

The biggest and most popular island in Cape Verde is Santiago; it also has the main airport in the capital city of Praia. Nearly 50% of the area’s populace inhabits this island and there is a vibrant atmosphere. Praia, being the capital city is located on the island and has scenery made up of mountains and deep valleys with a beautiful coastline of white sand beaches and black reefs.

Around the island are numerous diving opportunities including exploring shipwrecks on the ocean floor, and the winds are perfect for windsurfing activities. The local people love their music and the islands hold many carnivals, live music venues can easily be found and folk music is a proud tradition.

If you do visit the islands don’t miss the salt mines in Sal, located inside a dormant volcano they are a must for every visitor. Fogo is a single volcanic peak whose slopes are marked with rivers of frozen lava and the beaches of Sal and Boa Vista are spectacular. There are plenty of water activities including surfing, water-skiing and scuba diving, these can easily be booked at your hotel and then relax on the beach with a bottle of the local rum.

Airlines have already established direct flights to Cape Verde from Europe, opening up the islands to international travelers which will assist its progression as a tourist destination and make the area an attractive choice for real estate investments.

Due to the islands natural beauty, friendly people and expected rising economy, the islands are attracting more and more interest from investors. Interest is being shown from all types of investors, including corporations looking for a new area to develop, business people in search of new opportunities and those wanting a holiday or second home. You will find inexpensive flights from Europe and once you are there, it’s hard not to fall in love with the islands.
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Anyone looking to invest in a foreign country should really visit there themselves to experience it firsthand. Only you know what you require concerning climate, opportunities and people and taking the time to travel there will answer many of your questions. Once you have paid a visit and decide that it would be a good place to invest in then take a second trip and learn the business practices of the country, they will probably not be the same as in your home-country. If you are planning on running a business there be aware that business practices will be different than they are at home and learn their customs so as not to make mistakes.

If you compare Cape Verde to the rest of Europe properties are inexpensive, you can even find beach front properties still realistically priced. This gives investors the opportunity to establish a new business on the islands in expectation of the increase in tourism levels. Currently the islands are not set up for thousands of tourists and the opportunities are there for the picking. When you consider the low airfares, direct flights to the islands and the spectacular landscape on offer, it is obvious why Cape Verde Property Investments would be an excellent choice for individuals and corporations.


About the Author:

Michiel van Kets provides article services for Peter White who works for Aston Mortgage Services Limited, http://www.ownbuild.co.uk/ a company offering mortgage broker service set up on the basis of delivering competitive products for clients.

Read more articles by: Michiel Van Kets

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