General Factors

As with many emerging property markets, a steadily developing tourist industry is integral to it's success and the Cape Verde Islands are no exception. Home to mile upon mile of sandy tropical beaches, Cape Verde is well equipped to become a top tourist destination. With a location between the Tropic of Cancer and the Equator, the Cape Verde Islands are the closest tropical islands to Northern Europe, at approximately 5 1/2 hours flight time from the UK. Although Cape Verde is still a developing market, it already boasts a surprisingly strong tourist trade, with many Dutch, Italian, Portuguese and Scandinavians making it their annual holiday destination. According to market analysts, Cape Verde is currently undergoing similar growth trends as the Canary Islands did some thirty years ago.

Cape Verde offers investors multiple islands and therefore multiple investment options to choose from, with each island being at a different stage of development. Prices have increased steadily on the island of Sal over the past 18 months, where the majority of development and interest has been centred so far, Sao Vicente is closely following on Sal's footsteps.

Location

The islands of Sal, Santiago, Boa Vista and now Sao Vicente have international airports, with more flights to arrive in Cape Verde, including direct TACV services from the UK. The Islands are offering strong potential as tourist destinations.

As highlighted previously, it is highly recommended that any property investment made on the Cape Verde islands should be located as close to the sea front as possible. Essentially an island holiday destination, Cape Verde attracts visitors who will always favour seafront properties with beautiful views and easy beach access. Selling on your investment at a later stage shall be a great deal easier to achieve if your unit(s) are coastal locations, as opposed to being based on a second or third line resort..

What does this mean?