The Cape Verde islands are South of the Canary Islands and part of Macaronesia, a grouping of four Atlantic archipelagos, which include Portugal's Azores and Madeira Islands and Spain's Canary islands.
The Government is continuing to invest heavily in tourism, a key factor for overseas property investors, and one which has ultimately proven to be the catalyst to the islands increases in demand for property within this emerging market. Sal island is the jewel in the Cape Verdean archipelago as it is the most developed in terms of tourist infrastructure, attracting the highest number of tourist arrivals, hence it has the highest occupancy levels and accounts for the majority of room nights in Cape Verde. Demand in prime locations is strong, particularly for properties around the resort of Santa Maria on Sal. Tui/Thomson, and Hilton are examples of 2 major global players involved in the Cape Verdean hospitality and tourism industry.
Why look at Cape Verde Property for Sale - A healthy tourist industry is regarded as the main driving force for economic development and investment potential. The island is blessed with all year round sunshine, a diverse landscape with stunning beaches, great culture, ten different islands to explore and strict environment regulations in place, hence limited prime frontline beach plots are available for development. The beauty of Cape Verde is that as a destination they have started with a blank development canvas, and can be compared to the Canary Islands many years ago. In a sense, they are taking the best aspects from there and implementing stringent regulations to ensure an exclusive destination will develop.
Cape Verde supports macroeconomic and reform policies recommended by the IMF and the World Bank. Policies are in place to control public spending, reduce domestic debt, privatize companies and improve social services. All political parties are determined to attract foreign private investment, particularly to the development of the tourism sector.
Cape Verde Property for Sale is a promising market whether for investing or for buying into that executive lifestyle you have always craved for.
What the experts say about Cape Verde
Property Investor News:
"Investment Property in Cape Verde is currently one of the best locations worldwide to buy property when looking for a good ROI (Return on Investment). It’s clear to see the potential of these islands and as soon as Cape Verde becomes a mainstream holiday destination the price of property there will almost certainly increase drastically."
Expedia.co.uk:
A survey conducted by Expedia, one of the largest web based holiday companies, recently declared Cape Verde the number one destination for British tourists this year. Elyas Chowdhury, marketing director of Expedia.co.uk observed, "Our customers prefer to head off the beaten track rather than continue to go back to traditional tourist hot spots".
He also said "all-year-round sunshine, white beaches and the Creole culture had helped to make Cape Verde the top location for Britain's most jet-setting tourists."
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3/13/2010
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