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Investment Property in Cape Verde
Savvy investors flocking to buy into this high-potential emerging property market
Cape Verde – a tourist hotspot in the making
Until recently, the beautiful islands of Cape Verde, just off the westernmost tip of Africa, were practically unknown to tourists and property speculators. Now, prime investment property in Cape Verde is set to become very highly sought after, as these tropical paradise islands gear up to be transformed into one of the world’s top holiday destinations in the next few years. Cape Verde is already well connected to several European cities and, with the introduction of direct flights from London in 2006, the islands are bound to become a magnet for droves of British tourists looking for an affordable tropical holiday only 5 and a half hours away.
Emerging property market offers high potential returns
The market for investment property in Cape Verde is still a young and emerging one, and that is precisely what makes it so lucrative. A lot of land is being developed at the same, time pushing property prices to their current low. However, the value of investment property in Cape Verde is expected to increase by up to 70% over the next two years. In view of this, it’s no wonder that the UK’s Channel 4 TV programme “A Place in the Sun” has recently named Cape Verde as one of the top twenty places for property investment in the world.
Lots of high-return, off-plan investment opportunities
By buying a pure-investment property in Cape Verde you could get a substantial return in a relatively short period of time. The idea is that you would usually buy the property off plan, while it is being developed, and then sell for a profit on, or after, completion. This property investment strategy is considered to be particularly profitable because, not only will the property’s value increase with time, but its price will also go up considerably once it is finished and ready to be enjoyed.
Your property can pay for itself as a buy-to-let investment
On the other hand, Cape Verde’s immense potential for tourism growth bodes extremely well for those who would like to get into the buy-to-let property investment market. The influx of tourists to Cape Verde has increased steadily by 25% each year over the last few years and this continuing trend means that the demand for accommodation is skyrocketing.
Investors are already betting on Cape Verde
Cape Verde is attracting heavy investment from some of the top tourism enterprises. Consider the case of the 5 star Riu Fuanan hotel on the island of Sal that has enjoyed 97% occupancy since it was inaugurated in October 2005 and is already in the process of more than doubling its current five hundred room capacity.
This kind of confidence, displayed by big foreign players in the touristic sector, is just what the Cape Verde property market needs to really take off in earnest. Of course it will be the early buyers will who stand to receive the greatest return on their investment.
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