Cape Verde Property Development

Delta Airlines flying to Cape Verde in the first quarter of 2010 gives Property Development a BIG Boost

Praia, Cape Verde, 27 Oct - US airline Delta Airlines is due to launch flights from Atlanta (Georgia) to Sal, Cape Verde, in the first quarter of 2010, said the US ambassador to Cape Verde, Marianne Myles.

The announcement was made during a meeting that brought together the Cape Verdean minister of Infrastructure and Transport, Manuel Inocêncio, and delegations of the Cape Verdean Civil Aviation Agency (AAC) and the Transportation Security Administration (TSA) of the United States, which recently positively assessed the Amílcar Cabral international airport.

The start of flight operations was scheduled for last September, but security delays made it impossible to launch Delta Airlines' flights to Sal, from where it will fly on to several West African capitals - Dakar (Senegal), Freetown (Liberia), Bamako (Mali) and to Lagos or Abuja (Nigeria).-

The link may also use Sal as a flight transfer point to Luanda (Angola), although this has yet to be defined, despite the fact it was considered in February this year.

At the meeting, the TSA and AAC also signed a memorandum of understanding to boost security operations between the United States and Cape Verde. (macauhub)

However, perhaps the greatest praise should be held back for the regulatory and legal framework in this overseas property hotspot of less than 500,000 inhabitants. The Cape Verdean authorities are being held up as an example to many other developing nations around the world, with their willingness to work with and for the benefit of overseas investors, and the Cape Verde itself, with the ultimate goal of attracting increasing levels of tourism income to the islands. While many countries, small and large, around the world have attempted to attract overseas investment without offering the legal protections required, Cape Verde has chosen not alienate foreign direct investors but ensuring it has a strong regulatory framework in place.

Commenting on the Cape Verde’s legal system, Chintan Mahida, Nubricks.com Overseas Property Expert said, “In simple terms, the laws of Cape Verde do not differentiate between foreign investors and local businesses, offering a level of security and rights, something which is somewhat lacking in some developing nations and creates a huge barrier to entry for international property investors”.

It has been stated that as a direct result of the flurry of trade agreements and memberships of international organisations, Cape Verde products have enjoyed access to a massive 500 million consumers worldwide. The increasing wealth of the Cape Verde nation has laid some great foundations for a growing real estate market, one which many early-bird international investors have already profited from and many intend to keep a very close eye on, with a view to taking advantage of any future investment opportunities which may lie in Cape Verde’s pipeline.

What the experts say about Cape Verde

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."