Cape Verde Islands consist of various islands situated in the Atlantic Ocean 450km off the Western Coast of Africa, being only 6 hours flight from the UK the islands are referred to as the “European Caribbean” for its beautiful tropical setting.

The locals on the island say to leave Cape Verde is to only begin dreaming about your return, today people are looking to Cape Verde for a different type of return as these tropical islands with unspoilt white beaches all year round sunshine are seen as one of the best locations in the world for property investment.

These once uninhabited islands were first discovered by the ancient Phoenicians, then later colonized and exploited by the Portuguese in the beginning of the 15th Century, in 1951 the islands became an overseas province of Portugal however in 1975 they gained their independence.

Since achieving independence in 1975 Cape Verde has had to struggle economically however the government is now focused on attracting tourists and investment to the islands however to safe guard against over development (such as in Spain) there are laws in place to prevent over investment and over development, this both ensures the islands retain their identity and security whilst giving any potential investor a potential safeguard against a potential boom and bust scenario.

Even in today’s world financial crisis purchasing a property in Cape Verde can be a very attractive investment particularly for European investment as the prices are currently quite low and economical growth can be seen to be coming. The reason stands in the fact that everything is being reinvented now – tourism, economics, trade airports, thus allowing all new investors to be the first ones to explore the islands economic growth potential.

Just a few reasons to invest in Cape Verde are - 

·         A predicted property price increase of over 70% within 24 months

·         Closest Tropical Island to the UK

·         Low Living Costs

·         Tax Free (no VAT)

·         Stunning Location for water sports and others

·         Un spoilt location with massive tourism growth potential

Now lets quite be quite frank Cape Verde is stunningly beautiful, unspoilt and becoming increasingly popular and is constantly voted as one of the most desirable places in the world to have a property in and one of the governments main aim is to increase tourism to its shores, because of this good quality places to stay are always going to be in demand.

Quite simply any one who is able to own property in Cape Verde is firstly going to gain considerably from the anticipated property price increases forecast for this area, whilst predictions can vary some analysts have predicted as much as 70% over the next few years, somewhat bold in this current economic climate but remember there are laws in place in Cape Verde to stop overdevelopment and any potential price crash.

So quite obviously anyone with property in Cape Verde could firstly see his or her investment gain considerably and that’s before we even begin to look at the rental income potential which we can explore next.

Cape Verde is already one of the worlds “hot spots” or even the new “buzz word” as a holiday destination hence accommodation will always be in demand all year round due to the Cape Verde climate, so anyone who owns a property can have the opportunity to offer it through one of the holiday rental companies or hotel chains that need accommodation, this gives virtually guaranteed rental payments through the year if required.

Shrewd investors are already taking advantage of the situation in Cape Verde by firstly purchasing a property and starting to gain the increase in property prices, on top of this they can gain from the excellent rental holiday market remember this is holiday rental return not the normal buy to let return you receive from the UK rental market. They can also choose when not to rent the property so they to can benefit from a relaxing holiday in their investment property.

There are properties for sale on general release in Cape Verde however many investors prefer to purchase through one of the specialist resort companies who can offer all services and facilities in house, and it must be said that some of these apartments are quite breath taking both in their own right and location they are in.

However, things are not as simple as whilst everyone knows that Cape Verde has the potential to make a profitable investment in not everyone can be guaranteed to make a fortune out of it, that’s why you should always seek specialist help when looking to make such a potential life changing investment.