The Cape Verde Real Estate market has grown in recent years, primarily due to the large investmetnt into the infrastructure and transport networks within Cape Verde. The World Bank has sanctioned credits upward of 200 million dollars.
Cape Verde Real Estate prices are still very low compared to it's near neighbours in the Canary Islands, Spain and Portugal. However, prices have experienced double figure growth in recent years.
Real Estate in Cape Verde is becoming a more attractive propostion to many potential investors, with the prospect of high capital growth attracting wide attention. Cape Verde is still unknown to many europeans, with many people still to hear about the country and the prospects available there.
The interest in Cape Verde Real Estate is based on the natural attributes of the islands - the potential for capital growth, and the all-year warm climate with the temperature constantly between 24°C and 29°C.
There is a real expectation for the country. The tourist market is expecected to rise from 150,000 at the moment to 500,000 per annum in 2010. There was a growth of over 8% in 2005, which can only help Real Estate prices and possible rental incomes. This is summed up by the current expension taking place within the islands.
In addition to the International Airport on Sal Island, there is now a new international airport built on Santiago Island. There is further expansion underway on Boavista and Sao Vicente island. To add to these factors, there are direct flights from the UK direct to the islands planned in the near future by Cape Verde's national airline.
All these factors add up to make Cape Verde Real Estate a fabulous investment on the islands. Nine of the Cape Verde islands are inhibited, with several islands completely unpopulated. Most are mountaineous, with a history of being volcanic. Three of the islands are flat, desert islands with long white sandy beaches.
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Cape Verde Real Estate