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Cape Verde Property A Secure Investment

News Posted On: 28 April 2009

Cape Verde has among the very secure property rights compared to its neighbours a research study has found. The 2009 Index of Economic Freedom carried out by the Heritage Foundation think-tank also noted Cape Verde's lower tariffs and moved the country into 77th place with a score of 61.3 up 3.4 points on last year. Overseas investment and property were noted as particularly strong areas.

Les Calvert, director of overseas property portal Property Abroad, commented on the effect this could have on the property market:

"We and other analysts have been recommending Cape Verde as a market to make a property investment in now; a market where property values and rental yields will continue growing throughout the credit-crunch.

"This advance in the Freedom Index shows that the Cape Verde government is actively engaged in attracting foreign investments, and these are the countries which usually succeed in doing so. The fact that this study has found Cape Verde's property rights to be among the most secure in the region, is perhaps the biggest news, removing one thing that can occasionally prevent people looking at really new emerging markets."

Property Abroad have some excellent properties in Cape Verde. Including 1 bedroom apartments from just over £55,000, 1 bedroom beachfront apartments from £63,000, and 1 bedroom off-plan apartments minutes from the world famous Santa Maria resort for just £70,000.

Property Abroad's star property is a 1 bedroom apartment on the Dunas Beach Resort, just minutes from Santa Maria priced at £70,957. The 5 star gated Dunas Beach resort is due for completion Q4 2010, and will have an on-site hotel, a variety of bars and restaurants, along with Tennis Courts, Gym and Spa. The villa itself has a private pool and will be worth significantly more upon completion, rental yields are expected to be at least 6%.

Property Abroad have many more properties in Cape Verde, from studio apartments to 5 bedroom beachfront villas, find out more by visiting the site.

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