About Cape Verde
While many people have still never heard of the archipelago state of Cape Verde, it is rapidly attracting popular interest from both tourists and property investors hoping to profit from investing in the early stages of the nation’s growth.
This small group of islands, about 500km off the Western coast of North Africa, was first inhabited by the Portuguese in the 15th Century, and gained independence from Portugal in 1975. Composed of 10 main islands and about 8 smaller islets, Cape Verde has a tropical climate with fairly constantly warm temperatures, ranging from around 24°C in January to around 30°C in September. Most rainfall comes in the summer months, with almost half the year’s rain coming in September. Between April and July, on the other hand, records average less than one millimetre of rain per month.
As the closest tropical islands to Europe, the Cape Verde islands are in the early stages of a tourist boom, with inevitable repercussions in rising property prices. It is predicted that property prices over the next two years will rise by as much as 70%. Tourists can access the islands easily through a new international airport at Praia on Santiago (sometimes called São Tiago), and flight times from the UK are only 5 and a half hours, with little risk of jetlag due to the similar longitudes of the countries.
Off Plan Property World is amongst the first to offer investment properties in Cape Verde, and many shrewd investors have already seen significant capital appreciation in properties bought through Off Plan Property World. A beautiful destination for tourism or leisure, and a blossoming investment prospect, Cape Verde is an extremely promising location for investing in overseas property. |
