Resources

Strong and growing economy

Despite the global economic downturn, GDP growth for Cape Verde has held up well and is expected to rise to 7.1% annual growth by 2013, according to the IMF, who also praised the 'prudent management and strong economic foundations' undertaken by the Cape Verdean government.

Cape Verde welcomes foreign direct investment to create a sustainable, growing economy through job creation and capital investment.

The local currency is fixed to the Euro, further increasing economic stability. With property laws and a democratic system providing the same laws for locals and foreign nationals, Cape Verde offers investors an enviable opportunity to purchase top-quality property in a prime location now, while prices remain low.

Safe and affordable destination

• Socially very stable with no religious/political conflict or civil unrest
  "Cape Verde enjoys a stable democratic system, high transparency and low corruption" (US Ambassador to Cape Verde, Marianne Myles)
  
• A multi-party, stable democracy which actively encourages foreign investment
  
• Property is protected by national laws ensuring the same rights for foreign investors as for locals
  
• Environment of trust and confidence for foreign investors
  
• Low living costs and property prices

 

Huge Tourism Growth Potential

Cape Verde has remained an unexplored secret to tourists and international property investors alike, until recently. As Europe's closest tropical island paradise, rich in colonial history, natural beauty and ecological wonders, Cape Verde is rapidly attracting increasing numbers of tourists from Europe, the Americas and beyond.

Heavy investment in infrastructure improvements has placed Boa Vista at the forefront of this global appeal. Cape Verde is an early stage property investment market with all the boxes ticked for lucrative capital growth.

Exceptionally high yields

A twelve-month holiday season and glorious climate ensure continually high occupancy rates and, therefore, exceptionally high yields for investors. Thanks to Boa Vista's year-round holiday climate, occupancy rates are very high, as proven by other resorts recently opened on the island operating at 80-90% occupancy levels, such as the Riu Karamboa hotel.

Boa Vista's huge appeal to a broad demographic (young, old, families, singles, etc.), its specialist tourism appeal (wildlife tourism, wind-based watersports, eco-tours, scuba diving, big game fishing, etc.) and beaches rated among the best in the world, all combine to form a very bright future for the island.

Downloads

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Brochure
Property Guides
Centurion Deposit Protection

Links

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Boa Vista Tourism
Santa Monica Beach Resort Videos
Travel Guide

Articles

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The Telegraphs Top 10 Beaches
The Guardian Guide
Lonely Planet PDF Guide