Cape Verde Property Investment - Cape Verde Economy
There are countless factors that affect property investment in the Cape Verde islands. We will show you the economic factors that make cape Verde an excellent place to invest and why it is perhaps the best opportunity for capital gains currently available. Investment is a non-emotional purchase so we will try to give non-emotional facts and advice. Perhaps the biggest selling point for a Cape Verde property investor is the projected increase in tourism and infrastructure that are due to take place in the next 3-5years and the corresponding rise in property price.
Economic Reasons Why Cape Verde is an excellent Property Investment:
Predicted 70% increase in property price
The Cape Verde’s are at the beginning of their infrastructural development and there is countless land available to the opportunistic investor. There will never be a more lucrative time to invest in property than right now in the Cape Verde islands. Property prices are predicted to rise 70% in just 24 months. These sort of profits are only available to those that invest before the infrastructure and tourism industry have had time to evolve. As soon as the word gets out about the islands property prices in the Cape Verde’s will soar.
Massive potential for a growth in tourism
The potential that the Cape Verde Island has for tourism growth are immense. Early indications are that the potential of the Cape Verde islands may even out do that of the Canary Islands. With a unique blend of African and South American flavor the Cape Verde islands are undoubtedly destined for unquestionable success. Remember there is barely enough supply to satisfy demand so it “first come first served”, “Miss it, Miss out”.
2 New Cape Verde International Airports
What better sign to show a places intentions for growth than having a second international airport. This is undoubtedly a very positive step and will result in the inevitable increase in tourism. There are more and more flight companies putting the Cape Verde island son their destination lists ever day. All of which is very positive for anyone considering property investment in the Cape Verde islands.
Inclusion into the European Union?
There is a strong possiabliity that the Cape Verde islands will be included in the EU, which would be of great benefit to the islands. The Cape Verde islands are part of Macaronesia, a group of four Atlantic clusters, including Madeira, Azores and the canary islands. All of which were automatically introduced to the EU via Lisbon and Madrid. Inclusion to the EU is inevitable.
Unbeatable property prices
Cape Verde investments represent some of the best value opportunities available in the world today. This is in part due to incentive schemes and government assistance. Much of the interest is based around the principle that prices will rise sharply in the near future. With European property prices unaffordable for most the Cape Verde’s offer countless people an opportunity to purchase their dream home on the beach with a minimal investment. Afterall you can buy a luxury 1 bed studio apartment for as little as €40,000.
Guaranteed rental schemes for up to 3 years
If you look at the property investment hotpots around the world like Bulgaria, Turkey, Romania etc. None of them are prepared to offer a guaranteed rental scheme. WHY? It is because they are not in a position to predict that people will still be interested in the area in years to come. However in the Cape Verde islands, most of the new investment projects offer GUARENTEED RENTAL. WHY? They offer guaranteed rental because they have faith in the Cape Verde islands and the changing property market trends. You could use your property for 1 or 2 months a year, the rest of the year you will be receiving rental returns, GUARENTEED.
Exchange rate value of local currency is fixed to the Euro
Since 1998 the value of the Cape Verde Escudo has been fixed, firstly it was fixed to the rate of the Portuguese Escudo and subsequently, to the Euro (1Euro = 110.265 Cape Verde Escudo’s). This has clear benefits and is a stepping-stone to ultimately joining the euro.
A stable democracy, supportive of foreign investment
The Cape Verde islands are socially and politically stable with all government parties (whether current government or opposition) supporting reform policies as suggested by world banks. Strict policies have been followed in order to control public spending so that all available funds have been made available to increase tourism, attract foreign investors and improve the islands infrastructure.