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Cape Verde government supports foreign investment

Cape Verde's government has been praised for introducing a favourable property-buying system.

According to ShelterOffshore.com, foreign property buyers do not like coming up against bureaucratic hurdles in potentially lucrative markets.

The website said there is "nothing worse" than having to deal with restrictive governmental policies as they can stifle foreign direct investment.

However, director Rhiannon Davies stated that this is not the case in the Cape Verde islands, as authorities have removed the stumbling blocks that could deter potential buyers.

She commented: "The government is doing all it can to facilitate investment and encourage foreign real estate ownership."

Ms Davies said this has given confidence to both second home buyers and foreign property investors.

According to NuBricks.com, the country's government has introduced a strong regulatory framework which offers security and rights to the buyer.

This, it stated, means buying an investment property in Cape Verde is much safer than purchasing in other emerging markets.

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