Cape Verde Island Information

Cape Verde - the new global property and holiday hotspot

This information about Cape Verde is widely recognised among international developers as the new global property and holiday hotspot, and a star investment opportunity.

An enchanting archipelago of ten tropical islands, each with its own individual character and charm, Cape Verde lies in the Atlantic Ocean 450km west of Senegal on the African coast, and 1000km south of the Canary Islands.

Beautiful white sandy beaches. Stunning scenery. An unspoilt, pristine environment. Fascinating local restaurants. Year-round sunshine. A dry, temperate climate of between 22-30ºC that's even more consistent than the Canaries. Cape Verde has it all.

Even better, it's just five and a half hours by direct flight from the UK, and only one hour behind GMT. So it's not surprising that Cape Verde is fast becoming the Caribbean for Europe - minus the jet lag.

The local government of the Republic of Cape Verde is very supportive of foreign investment, and is assisting a rapidly developing tourist industry. The local currency - the Cape Verde Escudo (CVE) - also provides the stability of being fixed to the Euro. Euros are also widely accepted in Cape Verde.

So with fast and convenient access, and all the attractions of a unique tropical paradise, Cape Verde offers unparalleled potential as an investment opportunity for growth, rental or resale.

Officially the Republic of Cape Verde, these islands form an archipelago in the Macronesia region of the North Atlantic Ocean, just off of the West coast of Africa.

Geography:

This archipelago is made up of 10 main islands and around 8 islets. Main islands include Santa Luzia, Boa Vista, Sal, Maio and Santiago.

There are many species of birds and reptiles that can only be found on the islands of Cape Verde. These include Raso Lark, Iago Sparrow and the Cape Verde Giant Gecko. Many of these species find themselves endangered.

Cape Verde rests in the tropical zone and has an arid climate. Average temperatures can range from 24°C (75 °F) in January to 29 °C (85 °F) in September.

Government:

Cape Verde runs under a parliamentary representative democractic republic. The President of Cape Verde is the Head of State and is elected by the populas for a five year term. The Prime Minister is the Head of the Government and of the multi-party system which exercises executive power. Legislative power is exercised by the Government and by the National Assembly (Asembleia Nacional). The National Assembly comprises 72 members, each of which is elected for a five year term, and they nominate the Prime Minister, who is then appointed by the President.

Travel to Cape Verde and Transport:

TACV Cabo Verde Airlines operates an inter-island service and international service to Europe, North and South America, and the West African mainland.

Did You Know?

You may be looking for a house, apartment or villa to purchase or property to rent in Cape Verde. Vacation rentals in Cape Verde are often offered by the owners of the properties or agents may also offer property for sale or rent. If you are considering buying real estate in Cape Verde or anywhere else for that matter, the most widely used method of borrowing the funds to make the purchase is a mortgage. International Property Directory has agreements in place to offer the services of a well known mortgage company who will help at the required stages of a mortgage application. International Property Directory can also help you obtain great currency exchange rates with it's partner MoneyCorp which can save consideralble sums of money during the purchasing process.

Increasing numbers of investors using International Property Directory are buying real estate globally with a view to using them as a vacation rental or for capital appreciation. Returns on this investment can be very good and the prices in some emerging markets are very attractive. A mortgage can be used to fund the purchase of a house, home, apartment or villa in many cases.

If you are looking into purchasing or renting or trying to find a property for sale in Cape Verde you may be limited to the type of alterations you can make to the property. You will benefit from living in the environment of your choice plus, in many cases, your improvements will add to the value or saleability of your home - but always ask the local authorities, developers or agents on the ground who you found through using International Property Directory's services. If you are looking to rent out a property in Cape Verde or anywhere in the world - it is wise to find out the possible rent that can be achieved or if there are any comparables available. Rental yields will vary according to location, market conditions and the property conditions itself.

© Written by E.J.Clarke.

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.