Cape Verde Land For Sale

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Sales of Land in the Cape Verde islands

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Cape Verde land will give you a high investment return. Significant recent interest in Cape Verde land from the English and Irish investors is having a real impact on prices.

Cape Verde is an exciting new investment proposition for the off-shore land investor.  The best way to describe the situation is probably to compare it to Spain 30 years ago.  The development of these islands is beginning to gather pace and therefore it represents a great opportunity for investors.

Cape Verde gained independence from Portugal in 1975.  Full democratic, multi-party elections took place for the first time in 1990, so it is only in recent years that the development of these islands has started to occur. 

The key date is 1993, when the Cape Verde parliament voted to allow foreigners to have full rights of land ownership.  Since then various legislations have been passed giving substantial incentives to investors, developers and companies in a range of industries.

The main reason why the development of Cape Verde is now beginning to gather pace is due to investment in infrastructure.  In January 2005 the World Bank approved various credits for Cape Verde, for a total of approximately US$198M.  Investment has also come from the European Union.

The investment in transport infrastructure in Cape Verde is probably the most crucial factor for the land investor. 
 

Santiago

A new international airport opened in the capital city of Praia, on the island of Santiago on 6^th October 2005

Boa Vista

A new international airport is under construction on the island of Boavista.  Boavista is now also beginning to move forward significantly.  There is much more development planned in and around Sal Rei and near the new international airport. The new runway has been built and the new terminal is now under construction.

Boavista has recently built its first tarmac road, as the old road passed where the new runway is. To see a picture of the new terminal click here.

Maio

Maio is also starting to move forward but the supply of land is very limited so far.

A new development agency is being set up to oversee the development of Boavista and Maio. The new body will be responsible for approving planning permission, as well as encouraging the development of infrastructure.

Sal

Most of the land development in Cape Verde is happening near existing infrastructure.  Real estate development so far has mainly been concentrated in the island of Sal and on the town of Santa Maria.  This is the most developed of all the tourist destinations, as until recently it was the island with only international airport.  It is developing very fast and land prices have seen amazing growth in recent years.