Cape Verde Property News

In wallet-cautious times only the best overseas property investments will garner any attention, and in Morabeza Beach Resort we like to think we can capture it.

As the closest tropical destination to the UK and Ireland, Cape Verde is fast becoming a firm favourite amongst European investors. The archipelago is attracting significant interest from experienced as well as first time emerging property market investors who are looking to combine good returns with an idyllic holiday retreat.

There’s nothing like a good credit crunch to jangle the nerves. The brakes go on big financial decisions, an overseas property purchase being the most obvious.

The vast majority of Cape Verde property purchasers are hoping for consistent rental income coupled with a small amount of personal holiday usage each year.

According to a new survey by Jet-to-Let Magazine investor interest is moving away from the UK buy-to-let market and towards foreign investment opportunities.

As an IFA, Tony Sharp, 40, is used to giving out best advice on how to make the pennies work hard to secure a brighter future. But with one particular client the roles took an unexpected reversal.

Recently dubbed ‘Europe’s Caribbean’ by The Telegraph and already famous for being an exotic winter sun retreat and a tropical paradise within easy reach of the UK and mainland Europe, the Cape Verde archipelago is now rapidly emerging as an exciting and affordable destination on the yachting fraternity’s map.

The current credit crunch is having some surprising effects, not least on the property market. In the UK, building societies are reporting a slowing of sales and a decrease in property values with the market bracing itself for a further decline under the threat of more rises in the mortgage rate.

Boa Vista, the furthest east of the Cape Verde archipelago and known as the ‘island of beaches and dunes’, is home to Palm View Resort – one of only a handful of six-star residential resorts in existence and more than worthy of its rating.

Are you aware that Cape Verde comprises several islands each with a different landscape and lifestyle?

UK Chancellor Alistair Darling delivered his first budget on 12 March and a distinctly green flavour came out of his red briefcase as he focused on cutting carbon emissions from homes, businesses and transport.

Cape Verde is similar to the Caribbean in that it offers a number of islands which are all quite different. The advantage of Cape Verde is its easy accessibility to the UK. Flight times are just over 5 hours.

It has been reported recently in A Semana, Cape Verde’s newspaper, that the beautiful island of Sal has been chosen as the first Hilton resort in the African archipelago. The 5* Hilton resort is due to open in 2010.

Strange as it may seem for an archipelago of sandy islands submerged in constant sunshine off the coast of Africa, Cape Verde – as its name suggests – is going green.

As reported in A Semana, Cape Verde’s weekly newspaper, the island of Sal has been selected as the location for the first Hilton resort in the African archipelago.

Buyers looking for a holiday retreat or a property for income and as part of a portfolio with opportunities for capital growth and rental return, all, to a degree, need certain ‘plus’ factors which makes the investment worthwhile.

With organic fluid curves and wide expanses of glass, the loft-style apartments of Rosa del Mar herald a new era for Cape Verde.

Cape Verde, an archipelago of ten islands off the coast of Senegal enjoying a year round fabulous climate and boasting some incredibly stunning scenery, was a location lesser known until just four short years ago.

The number of UK residents buying abroad has increased tremendously in recent years and according to the Department for Communities and Local Government, the number buying abroad in 2006 was 211,000.

In emerging markets the property developers are much faster out of the starting blocks building their resorts than the banks are creating their non-resident mortgage products.

The National Flag Carrier of Cape Verde, TACV, has announced a price of £214 GBP return for its first flights between the island of Sal and London Stansted beginning Monday 29 October 2007.

David Stanley Redfern Ltd, overseas property specialists are currently offering a wide selection of prestigious apartments and villas in the auspicious Tortuga Beach Resort and Spa, in Cape Verde from as little as 140,950 euros!

Cotton Bay that is; the new 5 star golf and marina property development on the ever-popular and exotic island of Sal in the Cape Verde islands. It is one of the first developments to combine second and investment home opportunities with outstanding amenities and all with a thought for environmental and eco building solutions.

Individuals investing in residential property within an emerging market tend to follow a much broader movement of foreign investment from multinational businesses into transport, infrastructure, financial services and so on.

If you were given the choice of travelling to one of two beautiful exotic destinations, one is 13 hours away and the other only 5 ½ hours travel, which would you choose?

On the 5th July 2007, the Republic of Cape Verde will celebrate 32 years of independence. The uninhabited islands 400 miles west of Senegal, West Africa, were discovered and colonized by the Portuguese in the 15th century, 500 years later the Republic gained independence in 1975.

When the Portuguese sailors discovered the third largest Cape Verdean island in 1460 they shouted “boavista” (or good view) over the side of the ship and that’s how it got its name.

A choice of easy-to-buy schemes linked to a new apart-hotel in Cape Verde puts the opportunity to buy a property in the sun within the financial grasp of more potential investors and second-home buyers than many other developments taking shape on the islands rapidly gaining popularity 450 miles off West Africa.

The Bath-based firm behind a new residential waterfront development in Cape Verde is pledging thousands of pounds to help improve the local economy on the island of Santiago.

Cape Verde, an archipelago of ten islands and eight islets in the Atlantic Ocean some 400 miles west of the African nation of Sénegal, is known for many things. Known for its stunning white beaches where the turtles come to lay their eggs, for its kite surfing and windsurfing, for its climate that is suspended in perpetual summer and for its warm turquoise waters. However, something that Cape Verde is not known for is golf – yet – but there are massive plans afoot to change this.

Cape Verde’s largest luxury resort development, Sambala, becomes the first developer to complete the Phase One of properties. Sambala continues to lead the way on Cape Verde’s most beautiful island, Santiago.