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Cape Verde Property | The third market under the spotlight for investors
By property | November 23, 2008
Cape Verde Property | The third market under the spotlight for property investors
Cape Verde is the third market under the spotlight for investors looking for the next big thing in 2009. Dubbed “the hidden Caribbean” by a Lonely Planet writer, this archipelago of beautiful sun-kissed islands enjoyed annual tourism gains in the region of 15% between 2004 and 2007 according to a report on the Assetz website, and the WTTC are predicting annual increases of up to 6% in the next decade. As the accessibility of the country and its tourism product develop, so it has been recognised that the potential for investment property bought in prime locations across the islands is immense.
Steve Worboys is of the opinion that: “we are only just beginning to see the tip of the property investment iceberg in Cape Verde, the predictions for this marketplace are exceptional both in terms of capital appreciation and year round rental returns. We have hand picked a prime development in the best location for our investors’ interest, namely the Dunas Beach Resort on Sal. It encapsulates the best of both worlds combining frontline sandy beaches on one side, and frontline golf on the other. Located just a short walk from the centre of Santa Maria where there is an extensive array of beach clubs, bars and restaurants, this exclusive resort is set within lush community gardens and all apartments and villas have amazing tropical views. The on site facilities include a commercial centre, a spa, pools and gymnasium. This is a high-end resort of maximum appeal and apartments start from £71,452 and detached villas from £214,456.
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