buy property in cape verde and take advantage of its tourism
News Posted On: 08 April 2009
Overseas investors considering buying property in an emerging destination might wish to consider Cape Verde.
Last year, the west African archipelago experienced a six per cent increase in visitor numbers compared with 2007, according to the country's National Statistic Institute.
The body showed the 333,345 tourists checked into hotels in the country for overnight stays - an increase of 27.5 per cent, reports MacauHub.
However, real estate buyers who want to cash in on a growing tourism industry could find that purchasing a home in Cape Verde offers them a lucrative investment opportunity.
Sal Island was revealed as the most popular destination for visitors, followed by Boavista, Santiago and Sao Vicente.
UK holidaymakers accounted for 23.2 per cent of the overnight stays, while Italians and Portuguese travellers made up 18.6 per cent and 14.9 per cent respectively.
A number of British investors are looking at developments in Cape Verde and the government in the country is looking at bringing in contractors in the UK to work on projects, reports Homes Overseas.
Written by Jamie Arthur
Overseas Property - serving the overseas property market since 1992
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