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Welcome to Absolute Estates Cape Verde
Cape Verde is socially and politically stable, with friendly people; year-round sunshine; white sand beaches; pristine seas; stunning scenery and an exotic mix of Portuguese and West African culture. Health services are good, and crime levels generally low.
Though Cape Verde is not an established holiday destination, its government’s recent aggressive growth strategy for tourism, which includes tax breaks for foreign corporate investors and developers, is resulting in a plethora of new upmarket hotels, casinos and golf resorts. In turn, the consequent increase in visitor numbers is fuelling an emerging international property market. Breaking news
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The recent introduction of direct flights from the UK to Cape Verde’s two international airports (more are planned) is expected to boost British interest in the country.
The islands currently experiencing most interest from holidaymakers are Sal, Boa Vista and Santiago, so it is there that most new development is taking place and the international property market is flourishing. Some fear the over-development of certain areas if the construction boom continues, though there are measures in place to promote low-density, environmentally friendly building. A typical new development has, as a minimum, a communal swimming pool; some have private pools. The more upmarket offer gyms, spa facilities, tennis courts, water sports and will have easy access to golf courses. Because so much new development is taking place, most of the market is off plan. Whilst buy-to-lets are popular, many foreign purchasers are acquiring property primarily for their own use.As the rental market is in its infancy, it is difficult to predict yields, but if the tourist market continues to expand as predicted, they should be healthy. And it’s worth bearing in mind that, unlike many locations, Cape Verde has the potential for year-round letting, thanks to its climate. |