Cape Verde Property Investment – Undiscovered Emerging Market
As the closest tropical island to Europe, Cape Verde is uniquely situated to attract many adventurous vacationers seeking grand adventures and to explore its white sand beaches and luxury resorts.
For everyone interested in Cape Verde property investment, than now is the time to sit up and really consider of this quickly emerging real estate market. In addition to year-round warm weather, tropical plantations and fantastically dramatic mountains, Cape Verde offers a low cost of living, which translates into affordable property prices and low cost vacations for those looking for lower cost tropical holidays rather than the traditional island destinations like the Caribbean.
Let’s highlight some of the factors attracting investors to these fascinating islands.
First, despite being in its early stages of economic development, Cape Verde already has massive potential for tourism industry growth. Along with a brand new international airport, with direct flights from many European countries, the island now has a good number of luxury resorts with world class golfing that are becoming an attractive destination for many golfing vacationers.
The exchange rate of Cape Verde currency is fixed to that of the Euro and it has a strong possibility of becoming part of the EU in the future, ensuring the islands will take off as a tourist destination for Europeans looking for a nice relaxing break on a tropical island. All of these points combined with a stable government make investing in Cape Verde properties very attractive.
Thanks to the great range of new and luxury developments that are springing up all over the islands, in theshape of self sufficient resorts and resort style complexes, European visitors interested in luxury are greatly surprised by the full service accommodations available. New roads, sea ports and other points of access are being developed for the islands every day, making access to the islands easier for tourists and visitors. For those looking for a low risk investment property in Cape Verde at one of these new resort locations like Tortuga & Dunas Beach Resorts on Sal island almost guarantee some ROI in the form of short-term renters.
If you are considering a second home, vacation home, or simply a new place to invest that has a bright outlook in the real estate and tourism industry, Cape Verde property investment is definitely an option you should consider.
Filed under Home Tips by on Jul 10th, 2009.
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