Investment

British Companies Launch Guide to Buying Property in Cape Verde




People interested in buying property in Cape Verde can find all the information they need by downloading a guide drawn up by Assetz (http://www.assetz.co.uk/) and A Place in the Sun (http://www.aplaceinthesun.com/).

The guide, which is free, is full of suggestions and information about real estate investments on the archipelago, including advice about legal and tax issues related to making an offer to buy property.

It also includes detailed information about the property market in Cape Verde, including areas that are popular with British buyers, such as the islands of Sal, Sao Vicente, and Boa Vista.

An increasing number of British people are relocating to Cape Verde attracted by the sun, low crime rate, political stability, and economic climate.

The guide can be downloaded at http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/1961/A-Place-in-the-Sun-launches-Cape-Verde-buying-guide.aspx. (macauhub)

Source

BUYING YOUR DREAM PROPERTY IN CAPE VERDE

  • Llana Beach Hotel delivers all the right conditions for a truly unique investment opportunity capable of delivering exceptional long-term returns.
  • The Location: Set right on the beach in Cape Verde – one of the world’s most exciting property hotspots
  • Growth: Tourism is thriving in Cape Verde with demand vastly outstripping supply. This trend is set to continue for many years ahead
  • Facilities: Llana Beach Hotel will redefine luxury on the Island of Sal with a elegant and totally enriching range of service and facilities
  • Trust: Developed by The Resort Group, who have a proven track record, financial security and full due diligence
  • Experience: No other hotel operator is more experience, more skilled or better placed to deliver commercial success than Sol Meliá
  • Llana Beach Resort is fully SIPP compliant, which means you can purchase one of our luxurious properties using your pension.
  • Therefore, investing is now much more accessible for those without the cash or savings and a SIPP purchase offers a whole host of unique benefits.
  • It also means you will have much more control over how your pension is invested in the future, and it could deliver a far higher rate of return than what you’re currently getting

If you require further information please contact us here to speak with our team today.


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Script by Dagon Design


Property / Land investment

International property and land investors have recently turned their attention to an exciting new tourist destination called Cape Verde. Many are calling Cape Verde the ‘new Canary Islands’ as their progress in tourism development is similar to the Canaries years ago.

In recent times the government earmarked 4 islands for tourist development, Sal, Boa Vista, Maio and Santiago. Major developments are already underway on these islands and they are proving to be popular with British and Irish investors who will be expecting excellent rental incomes and capital growth in the near future. However, other islands in Cape Verde are starting to develop tourist areas as well and the most exciting new projects to be found over the next few years are in Santo Antao and Sao Vincente. The government is keen for overseas investors to fund the growth and development of the visitor accommodation and hotels sector. Tourism numbers to Cape Verde are increasing and according to the latest official statistics, tourist arrivals continue growing at a fast rate and it is projected that Cape Verde will reach the benchmark of  plus 1 million tourists annually by 2015. In time as the Cape Verde Islands become better known and the tourism infrastructure continues to develop, prices of both property and land will rise accordingly.Now is the time to invest in this emerging market before it becomes established as an international tourist destination.

 

The Cape Verde government welcomes foreign investors knowing that it will boost economic growth through job creation and capital investment. Recent legislation has allowed foreign investors to own land outfight and gives long tax holidays and reductions to tourism businesses. Other incentives allow all net revenues to be transferred out of the country and residency for business owners. The National Development Plan has allowed the tourism infrastructure to be developed and its legacy includes new roads, up rated electricity supplies, water desalination plants for improved water supply and the building of new international airports.

There is also the bonus of the strong possibility that Cape Verde will be rapidly included into the EU and the benefits that will bring with it. Portugal and Spain are sponsoring the islands in Brussels to join the other Atlantic archipelagos, the Canaries, the Azores and Madeira in the EU. The local currency the ‘Cape Verde Escudo’ is fixed to the Euro at 1Euro=110cve a sure step to inclusion within EU soon. Cape Verde is also starting to cut ties with Africa in favour of Europe.

 

Prices are relatively inexpensive and Cape Verde remains cheaper than resorts in the Mediterranean or The Canaries for both property and land. At the moment there are a small number of mortgages available in Cape Verde and many properties are sold ‘off plan’. Prices start at 44,000 euros for a one bed apartment or 29,000 euros for a small plot of well placed building land. Many plots are big enough to build a small apartment block which enables the individual to become a property developer. It is now becoming easier to buy land, find a builder and sell apartments ‘off plan’ in a market place where demand will quickly outstrip supply.

Renewables on the Cape Verde Islands | Global Ideas

The Cape Verde Islands get plenty of sunshine and strong winds all year long. The island nation in the Atlantic Ocean already draws a fourth of its energy needs from wind and solar energy. But the island’s government aims to double that amount by 2020 and scale back the use of polluting fossil fuels. It’s the first country in western Africa to pass a law on renewable energies.

 

Cape Verde Economic Development

 

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