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Overseas Property Market Cape Verde Update 2016


Overseas Property Market Cape Verde Update 2016

 If you’re looking to sell property Cape Verde online, you will want to know if property prices in this beautiful archipelago off the northwest coast of Africa are set to increase or not.

Cape Verde is a very popular tourist destination; millions of foreign tourists visit Cape Verde each year. Following the recent crash of a Russian jet at Sharm el-Sheikh in Egypt, Cape Verde is being increasingly seen as a much safer alternative for tourists.  It is also a popular destination for those looking to buy an overseas property.

The property market in Cape Verde has grown a lot in the last decade and we don’t see any sign of it slowing down in 2016. Because of the tourist boom in Cape Verde, there is a huge demand for holiday rentals here. Private beachfront villas and homes in holiday resorts are very popular too. Cape Verde will always be a popular overseas property destination as long as it continues to attract tourists from all over the world.

There are a lot of other reasons for Cape Verde’s success as an overseas property destination, such as the fact that it is one of the few African countries with a stable and open democracy. Cape Verde is one of the most prosperous countries in Africa and has a very stable economy as well. The government has taken a lot of steps to improve the infrastructure. Millions have been invested in building modern telecommunications, transport and power infrastructure.

Cape Verde is also a very safe country. The crime rate here is very low compared to other countries in Africa and the law and order situation is as good as it gets. Property rights are well developed as well, and foreign nationals enjoy the same private property rights as the locals. So they are assured that their investment in Cape Verde properties is always safe.

The weather is another factor that draws people to Cape Verde. The beautiful archipelago enjoys bright sunshine throughout the year – but the temperatures are always moderate, around 25 to 30 degrees, and it never gets as hot and humid as in the rest of Africa.

Cape Verde has adequate laws in place to prevent overdevelopment. The government here allows for only low-density projects and restricts the number of apartments that can be built by a single builder. The goal is to protect the natural beauty and ecosystem of these lovely islands.

This makes Cape Verde so much better than other overseas property destinations such as Egypt, Turkey and Brazil, which are victims of overdevelopment. People here can still enjoy nature at its purest and appreciate the fact that the islands have not succumbed to the pull of mindless development.

Cape Verde has a distinct cosmopolitan flavour about it, which is very attractive to overseas property hunters. The lifestyle in Cape Verde is relaxed and laid back and the culture, rich and diverse. A growing number of people are led to believe that property in Cape Verde makes for a perfect second home or holiday home.  If you have a property to sell in Cape Verde then the market is coming back around with more buyers entering the market again.  

While 25% of the buyers in Cape Verde are from Britain, there are also a substantial number of wealthy individuals from Belgium, Germany and Italy who have invested in beachfront villas in these islands.

There is a strong Portuguese influence in Cape Verde as the archipelago was a Portuguese colony for hundreds of years. So, one can see a lot of Portuguese showing interest in Cape Verde properties as well. The outlook for the Cape Verde property market in 2016 and beyond is as bright as ever. 




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