WHY BUY LAND IN CAPE VERDE?

Cape Verde set for property Market Recovery (July 2010)

Cape Verde property is set to benefit from the resurgence of low-budget buyers, as people re-explaoe their choices in the reflevtion of the new market reality, Property Abroad has suggested…

"Anyone who has the cash ready to buy immediately can get a swift bargain with a clever offer" Paul Akwei, Managing Director of property Agent Noscasa, recently claimed that the Cape Verde property is set to benefit from a return of investor confidence.

He said that the market has been bolstered by local buyers, savvy investors looking for a bargain, retirees and wealthy individuals prepared to part with their cash for the perfect property.

The Cape Verde market is set to benefit from a return of Investor confidence to the area indicating that it is bouncing back from the downturn, it has been suggested

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Individuals looking to buy property in Cape Verde may wish to take note of news that real estate agents in the region are beginning to notice an increase in the amount of people placing inquiries.

Cape Verde announces plans to expand Port Capabilities (Aug 2010)

Property Investors in Cape Verde will be boosted by news that refurbishment and expansion work to its Porto Novo Port is scheduled to start next May.

Macauhub reports that the expansion is set to completed in two stages, the first of which includes extendthe the dock by 40 metres, building a new passenger terminal along with a car park and constructing other peripheral buildings.

Secondary plans have been outlined to widen the dock by a further 130 metres, to construct a road to link the port to the city of Porto Novo and introduce a fishing dock and numerous other lifestyle features.

The news is likely to be of interest to those with property in the archipelago as it should help to increase tourism numbers in the region

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Cape Verde – Prospers in the the current Economic Climate (Feb 2010)

Cape Verde is 'wise' in the current economic climate, it has been claimed. According to the Daily Mail, one of the Uk's leading newspapers, investors who recognised the potential of the archipelago a few years ago are now enjoying the benefits of the Islands rising popularity.

The paper reported that Cape Verde has seen a 22 per cent rise in tourism compared with the previous year, with new airports and ferry services likely to increase this figure further in the future.

Paul Akwei, director of Nocassa estate agency, said in an interview with the news provider: "The recession came at the right time to save Cape Verde from being ruined. Some developments were shelved, but the better ones went ahead and the government has continued to invest in infrastructure to help the islands through the downturn"

It was revealed last month that Cape Verde was to be the sole nation to benefit from the funding from the American Government. Good governance, economic development and human rights were given as the reasons for the boost.

Cape Verde Experienced Mini Tourist Boom (Aug 2010)

The number of tourists visiting the Cape Verde Islands has increased by over 23 per cent on a yearly basis, new figures have demonstrated.

According to Overseas Property Professional, the archipelago has been enjoying a significant increase in the interest from foreigners in recent times and the boom looks set to continue.

Fontes Lima, a spokesperson for the government, explained that the total number of vistors could be set to top one million within the next ten years.

"The ministry of economy is pursuing a fast-track implementation programme for the infrastructure investments that will enable the islands to support and benefit from the rapidly rising tourist trade" she added.

This news is sure to invest real estate investors who have been considered buying property in the region, with the potential to rent homes to holidaymakers.

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