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Prices of properties in Cape Verde have come down significantly following the global economic downturn. In reality they probably got over heated for a couple of years and we are now back at more normal levels.

The recent weakening of the Euro has given a massive boost to the jurisdiction. As the housing stock in Cape Verde is relatively small it will not take a huge shift in demand to get the property market going strongly again.

Investment in Cape Verde property now presents a great opportunity as the Euro may not stay weak for ever. 

Many developers and agents have left the property market in Cape Verde, so a substantial increase in supply of properties is unlikely in the near term especially given the limited credit conditions.

Significant investment in infrastructure has helped the Cape Verde property market enter the list of the top jurisdiction for European investors. As Cape Verde is still a relatively new emerging market, investment in property is transforming the country.

Investors in Cape Verde properties will experience continued and growing demand with the development of the tourism industry which is still in its infancy. 

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The supply of Cape Verde property is limited as the infrastructure will simply not support construction at a huge pace. Purchasing Properties Cape Verde is a fabulous investment whether you are looking for a dream holiday home or a small investment.

Those that entered the market have seen Cape Verde property prices doubling in the last three years.  With prices for Cape Verde properties starting as little as €35,000 this is a realistic market for a huge audience.

The islands of Cape Verde each have their own different characteristics – some are mountainous and rocky, others are flat and sandy. It is well worth exploring them, as each has its own merits.

 

Some islands, like Sao Vicente, Sal and Santiago, are more developed than other islands such as Maio or Boa Vista.

 

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Property investment in Cape Verde has become part of the fabric of the country.  All Cape Verdeans seem to have an interest in land and property in some form.  This is especially true as there is a large part of the population that live outside Cape Verde, mainly in the US, who are sending money home to be invested in property or land.

 

We feel very strongly that the property market in Cape Verde will continue to grow over the next 20-30 years as the country develops.  For those that understand property investment to be for the medium to long-term Cape Verde offers great potential for fantastic returns.

 

Cape Verde is now firmly on the map, but there are many people around the world that still do not know that it exists.  As the tourism industry develops and the property market becomes more established the demand is likely to grow further.

 

The development of the property market and the country as a whole will make Cape Verde an example for other African states to follow. As the government in Cape Verde continues to facilitate property investment, money is entering the country at quite a pace. This will be the cornerstone of the continuing development of the Cape Verde Islands.

 

Cape Verde Property for Sale is the main portal for property on the RMDS website.  For information about the islands please go to: Island Guides.  For general information about Cape Verde please go to: Cape Verde Information.

 

It has been a wonderful experience to be involved in the sale of properties in Cape Verde form the early days.  We feel that we know the jurisdiction very well as we have regular contact with many of the characters that form the backbone of the property industry in Cape Verde.

 

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