Innovative land & property investments
Cape Verde Property Investment News
Tourism to boost property prices this year in Cape Verde
The progress that Cape Verde has made over the last year to increase tourism and develop its property market looks set to continue throughout 2008, according to recent reports. Holiday companies are giving the archipelago a more prominent platform in their literature, in response to the rising demand for ‘new’ destinations, while property prices in 2008 are tipped to equal the 20% growth achieved during 2007.
In response to fears over the effects of the credit crisis on the tourist industry, the chief executive of holiday company Thomas Cook, Manny Fontenla-Novoa, commented “our experience and research show that an annual holiday is an absolute necessity these days as opposed to a luxury.” Indeed, Cape Verde is expected to see a rise in tourist numbers, and tour operators such as Going Places and Thompsons have increased their focus on selling these islands above more traditionally popular holiday destinations, according to Daily Mail reports.
The growth in the archipelago’s tourist industry will clearly support the market for investment property in Cape Verde. The Daily Telegraph has already predicted considerable price growth of 20% during 2008, matching that of the previous year.
As the number of flights to the islands increases, property there becomes a more appealing option both for buy-to-let investments and second homes. The investment potential of the islands has been boosted further by the announcement in January this year that the archipelago’s entry into the World Trade Organisation was ‘guaranteed’, as the entry negotiations were completed, which will give potential buyers more confidence in the market.
As Cape Verde’s property market matures, the choice of property available to buyers naturally increases, making the market as a whole more appealing.
Related items
Documents and Reports
 |
Cape Verde property investment report (325Kb) |
Recent articles
Land sales to foreigners to continue in Cape Verde
Cape Verde praised by TV host
Natural attractions 'boost Cape Verde economy'
Cape Verde praised by prime minister
Other related pages
Bookmark with: |
What are these? |
|
|||||||||||||||||||||||||||||||||