Why invest in Cape Verde
Here we have listed some of the facts that make Cape Verde property Investment so attractive.
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Beautiful Tropical Beaches and Scenery
Short Flight Times
Natural & Cultural Factors
Economic Factors
Media Extracts and Expert Quotes
Development Land is Available
Cape Verde - Tourism and Air Infrastructure
Cape Verde - National Development Plan
Cape Verde - Foreign Investment Policy
Excellent all year round weather
Located off the coast of Africa the Cape Verde Islands enjoy very good weather all year, the climate is typically classified as “dry Tropical” with low humidity, with an average temperature of 22°C to 26°C.
Cape Verde has two seasons, the dry season between November and July and the humid season between August and October. When it does rain, which is not very often, it is only showers, overall about 10 inches of rain per year. During the dry season the islands receive around twelve hours of sunshine per day.
There is often a pleasant cooling breeze on the Islands with an average wind speed of approximately eleven knots, Water temperatures in Cape Verde range from 22°C to 27°C so swimming is enjoyable throughout the year.
Also because of certain natural factors the Cape Verde islands are very unlikely to be exposed to hurricanes like some of the Caribbean islands.
In general the climate enjoyed on the Cape Verde islands is in every way superior to that of the Canary Islands, which have enjoyed a huge amount of success with tourism, the major part of which can be attributed to climate.
Beautiful Tropical Beaches and Scenery
The beautiful scenery and beaches are very important in helping to establish Cape Verde as a popular tourist destination. Cape Verde is made up of 10 breathtaking beautiful tropical islands; they are the closest to Europe and offer crystal clear waters and white sandy beaches. The islands also have stunning mountain views and owing to the rainfall and climate, some breathtaking tropical plantations. These too will provide European travelers with an authentic feel of tropical adventure and offer an exciting alternative to other close destinations.
Short Flight Times
The location of Cape Verde means that it is possible to offer a complete tropical experience to Europeans because flight times far less than any alternative Tropical island destination like the Caribbean or Thailand for example.
Here we have listed some of the Cultural and Economic factors that make Cape Verde property so appealing.
Natural & Cultural Factors
- Beautiful beaches and scenery including, breathtaking mountains & exotic tropical plantations
- Europe’s closest tropical islands
- All year round warm sunny weather
- Affordable holidays and low cost of living.
- Only 5.5 hrs flight from UK with little jet-lag due to similar longitude.
- Excellent property prices, Cape Verde beach apartments from €47,000
- Over 70% increase in property value over the next 24 months expected.
- Early stages of development make it an ideal time to invest.
- Tourist industry has very good growth potential and predictions
- New International Airport; with direct flights from the UK
- Both public and private investment is very high
- Due to foreign investment in infrastructure and tourism cape Verde is currently being re-classified as a "middle-income" country
- Strong possibility of inclusion in the European Union.
- Exchange rate value of local currency is fixed to the Euro.
- A multi-party, stable democracy, supportive of foreign direct investment.
- Guaranteed rental schemes in place for up to 3 years.
Media Extracts and Expert Quotes
Below are some extracts from the "Property Investor News" showing property investment in Cape Verde is gaining popularity.
- Investment property in Cape Verde is currently one of the best locations worldwide to purchase property when looking for a good ROI. With the information above its clear to see the potential of these islands and as soon as Cape Verde becomes a mainstream holiday destination the price of property here will almost certainly increase drastically.
- With its all year round warmth and sunshine, the exotic Cape Verde Islands, is set to rival the Canaries tourism trade, thanks to the new international airport of Praia, which will begin operating direct flights from Europe in March. Flight times from London, Paris or Amsterdam, for instance will only be 5.5 hours.
- Santiago island, which is situated in the Cape Verde Islands, just south of the Canaries is set to become the world’s new luxury tourism destination.
- The opening of the new airport puts Santiago on course not only to become a popular tourist hub, but also to offer imaginative British property investors an excellent financial return, and a high-quality environment for their personal enjoyment", says Johnathan Grepne, Managing Director of a Cape Verde based development company.
Development Land is Available
The opportunities for land acquisition and property speculation in Cape Verde are fantastic. Prices remain low and an abundance of excellent locations are still available.
The International Property Investment Network (IPIN) benefits from constant input from its land sourcing and investment experts in Cape Verde. Together we are able to assist all members, whether large or small scale investors, to source the most lucrative spots on the islands that will suit their requirements and create the best possible returns on investment.
Use the enquiry form to request further information Cape Verde land Investment from PINI
Cape Verde - Tourism and Air Infrastructure
The new airport in Praia on Santiago Island opens a vital second international gateway to the Cape Verde islands from Europe and allows common aircraft such as the Airbus A310, A320, A319 and Boeing 767, 737 and 757. Its the opening of this airport that is seen as the dawn of the bright future in tourism for the Cape Verde Islands and in turn boost return on investment (ROI) prospects for early property investors on the islands.
Cape Verde - National Development Plan
The main area the of the Cape Verde governments strategy for sustainable economic growth is to the development of a healthy tourism industry.
Supported by Cape Verde’s international donors, the government is implementing a series of programmes through its National Development Plan (NDP - 2001-2005) to improve the infrastructures necessary for the development of the archipelago into a quality tourism destination.
the Programmes included under the NDP cover areas such as transportation (air, maritime, inter-island and road transportation), communications, banking, health provision, electricity, water and sanitation provision and professional training.
Cape Verde - Foreign Investment Policy
Foreign investment is very much welcomed and encourages by the Cape Verde government as a way to create a sustainable growing economy through job creation and capital investment and thereafter the collection of tax revenues Legislation to entice external private investment into Cape Verde was introduced in 1989 and continues to attract investors to this day:
The `Lei de Investimento Externo` (`External Investment Law`) introduced in 1993 broadened and enhanced the existing legislation to attract private foreign investment by non-Cape Verde nationals. This law includes a 5-year initial tax holiday and a subsequent tax reduction by 50% on corporate tax (currently 30%) for the following 10 years.
These incentives can be extended indefinitely, as long as adequate re-investment is made. Regarding tourism investment, an exemption is granted on import duties for materials necessary for construction and installation of projects. All net revenues are guaranteed transference out of Cape Verde in full and foreign currency bank accounts are available.
Private foreign investors are entitled to residency in Cape Verde if they employ more than 13 nationals or invest more than approximately 35,000 Euros. Caboverde Investimentos (which recently replaced Promex - the `Center for the Promotion of Tourism, Investment and Exports`) is a government agency that is officially the front desk for potential investors; the agency also approves projects and arranges further approval needed from the Government.
It is also very essential that demand for the Cape Verde islands is created through the provision and development of high class accommodation. Existing hotels are upgrading and expanding to meet the demand which the availability of air travel will bring to the Islands and there are plans for a 150 room 5-star hotel in the centre of Praia as well as a 135 room commercial hotel.
Cape Verde is a beautiful tropical island paradise that offers excellent investment potential, beautiful homes, great rental and capital growth.
Absolute Cape Verde is leading the way with a wide range of Cape Verde property investments to suit all tastes and budgets
Enquire now to find out more about investing in Cape Verde 
