Cape Verde Property Investments

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Cape Verde Investment

 
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Cape Verde - Quick Facts

Capital: Praia

Government: Republic

Currency: Cape Verdean escudo (CVE)

Area: 4,033 sq km

Population: 420,979 (July 2006 est.)

Language: Portuguese, Crioulo

Religion: Roman Catholic (infused with indigenous beliefs); Protestant (mostly Church of the Nazarene)

Electricity: 220V/50Hz (European plug)

Calling Code: +238

Internet: TLD .cv

Time Zone: UTC -1

 

 
 
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Cape Verde Beach Property Investments

Property now occupies a well-deserved place alongside equities and bonds in a well-diversified portfolio. Returns from property are not closely related to other asset classes. Equally, investments in international property bring additional scope for balance and diversification.

Convenient and low budget air travel has brought the ownership of second homes well within reach of increasing numbers of people. An estimated 350,000 British residents now have a second holiday home. It’s now easy to book on line at short notice, spend five days thousands of miles away, and return for a low cost.

Accessibility is a major factor. Vast numbers of new locations are being opened up around the world. While Spain is still the most popular location for the British to buy a holiday home other developing markets are now offering a wider choice. These emerging markets are cheaper, with the cost of land much lower than in more popular and developed locations. They’re also providing a different cultural experience.

These factors have led to a number of specialist developers concentrating on locations with a very low cost base, but with developing infrastructure and accessibility via low cost airlines. The profit potential here is significant as land costs are low, and government incentives are often available for construction and infrastructure.

Hilary Clinton Praises Cape Verde!

SANTA MARIA, Cape Verde — 14th August 2009 –

Winding up an 11-day African tour, U.S. Secretary of State Hillary Clinton said she's optimistic about the future of Cape Verde. "I love coming to Africa," Clinton said at a joint news conference in Cape Verde with Prime Minister Jose Maria Pereira Neves as she prepared to head back to Washington. Responding to Clinton, Neves said that “We represent a new and emerging Africa" with progress in the areas of free press, free speech and the rule of law.

U.S. officials have said that Cape Verde, a former Portuguese colony off the coast of West Africa, could serve as a model for other African nations as it has held numerous free and fair elections and has taken measures to ensure accountability and transparency in government. Clinton, particularly, praised the government as "a model of democracy and economic progress in Africa." She noted that women account for more than half the members of Cape Verde's Cabinet. "I think the United States can learn a lot from your example," she told Neves.

Cape Verde Beach Property Investments

What the experts say about

Cape Verde Beach Property Investments

Property Investor News:

"Investment Property in Cape Verde is currently one of the best locations worldwide to buy property when looking for a good ROI (Return on Investment). It’s clear to see the potential of these islands and as soon as Cape Verde becomes a mainstream holiday destination the price of property there will almost certainly increase drastically."

Expedia.co.uk:

A survey conducted by Expedia, one of the largest web based holiday companies, recently declared Cape Verde the number one destination for British tourists this year. Elyas Chowdhury, marketing director of Expedia.co.uk observed, "Our customers prefer to head off the beaten track rather than continue to go back to traditional tourist hot spots".

He also said "all-year-round sunshine, white beaches and the Creole culture had helped to make Cape Verde the top location for Britain's most jet-setting tourists."

 
 
 
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