Cape Verde Property

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New development property can be found throughout the Cape Verde Archipelago, in Ponte Preta (Sal Island), in particular. Cape Verde is widely regarded as the hottest new investment area in 2007.

The Cape Verde Islands
Cape Verde is located 400 miles from the west coast of Africa. It’s made up of ten islands and eight islets. The official language of Cape Verde is Portuguese. But most Cape Verdeans speak the national language, Crioulo.

Cape Verde has a warm, dry climate, with average annual temperatures that range from 68 °F (20 °C) to 77 °F (25 °C). It’s rarely too hot in summer or too cold in winter.

Cape Verde is known for its spectacular mountain scenery and stunning deserted beaches with crystal clear warm waters.

Each of the islands has it’s own distinct character – from the lush and lively Santiago to the sandy and salty Sal, and from the volcanic Sao Nicolau to the diving paradise of Boa Vista.

The government here are preparing for a huge increase in tourism on the islands and are expanding the infrastructure accordingly. They need to accommodate the increasing number of visitors attracted to this unusual but very beautiful destination.

New Developments on Cape Verde
Some of the finest new developments on the archipelago can be found in Ponta Preta, Sal.

Capeverde4sale.com are offering a selection 1 and 2 bedroom apartments as well as stunning detached villas, front-line to the beach in the Santa Maria area (Ponta Preta, Sal). Santa Maria’s unspoilt sandy beaches are the best on the island. From here it’s just a ten-minute taxi drive to the airport.

These apartments are the highest of quality with surrounding large-style pools and all only a few metres from the beach. There are a total of 392 low-rise apartments spread over 3 phases. Starting prices are as low as €103,600 and they are expected to sell fast!

Villas start at €280,500. For this price you’ll get an exclusive luxury detached villas, front-line onto the beach with the highest of specifications – 3 bedrooms, 2 bathrooms, marble floors, air conditioning and your own private swimming pool.

Buyers Guide
Two of the most lucrative investment options are off plan and buy to let.

Off Plan
Off plan buying is ideal as you get your home now when the price is at it’s lowest. With off plan, the property price is fixed up front and for an average capital outlay of 30 per cent at the launch stage of an off plan development, you can spread payments over 18 to 24 months. The advantage of this is that you only need a small mortgage and will also enjoy substantial savings on interest.

When the development is finished you can either sell before taking the title deeds or rent it out on a short or long term basis.

Buy to let
In buy to let situation, you buy a property and rent it out as soon as possible. Ideally the rent should cover the cost of your mortgage and if you’ve planned it well, you might even have some money left over.

Getting to Cape Verde
In summer 2007 (within the next few months) a second direct route from Cape Verde is to be launched.

The flights will go direct from London Gatwick to the island of Boa Vista once a week. It will take around 6 hours and cost around £377 including all taxes, fees and charges.

Alternatively, you can go through the major European cities of Paris, Lisbon, Amsterdam, and Las Palmas and Gran Canaria.

Cape Verde real estate is one of the most lucrative investment areas in 2007.

With residential property prices in Spain rising only 8.5 percent in the second quarter of 2006, compared to 14 percent in the same quarter of 2005, many investors are looking further south of the Canary Islands. Cape Verde now has numerous off plan and new development
opportunities, particularly in Ponta Preta on the island of Sal.

The Cape Verde Islands
Cape Verde (meaning Green Cape) is located in the Atlantic Ocean, about 640 kilometres west of Dakar, Senegal, on the African mainland.

It’s an African country that consists of 10 main islands and 5 tiny islands (Santo Antão, São Vicente, Santa Luzia, Ilheu Branco, Ilheu Raso, São Nicolau, Sal and Boa Vista, Maio, São Tiago, Fogo and Brava). The official language of Cape Verde is Portuguese. But most Cape Verdeans speak the national language, Crioulo.

It’s a stunningly beautiful archipelago with many stark contrasts. The islands have amazing tropical beaches – vast endless stretches of white sands, surrounded by impressive mountain peaks. You can practice all types of water sports here. It’s like a little taste of the Caribbean.
The islands all have their own unique character with each of them showing a cultural face as striking and varied as the geography of the archipelago itself.

Cape Verde is located in the subtropical zone. Average temperatures range from a cosy 24°C in January and February to a sizzling 29°C in September. The average annual rainfall for Cape Verde is 68.4 mm.

The Islands are fast becoming a top wave sports destination. Along with excellent surfing conditions, Cape Verde has beautiful sandy beaches, a perfect year round climate and restaurants, cafes and boutiques within a few minutes stroll. There’s no need to go all the way to Hawaii or Australia anymore.

With a year round warm climate, amazing beaches, hospitable people and a stable environment, this sleepy hide away offers an opportunity like no other to cut yourself off from the real world. The Cape Verde Islands are certainly shaping up to be the holiday hotspot of the year – the “New Canary Islands”.

Why invest in Cape Verde?
With the Spanish market becoming oversaturated and overpriced, the next obvious move for investors and homebuyers is to head further south. Cape Verde is the nearest tropical island destination for Western Europe and has very low property prices. Combine this with year-round sunshine, fantastic fishing and great water sports you get one of the most up and coming investment areas on the planet.

Getting here is easy. It’s just a 5½ hour journey from the UK and as interest in the archipelago increases steadily more and more direct flights are being planned. You can already fly directly from major European cities like Paris, Lisbon, Amsterdam, and Las Palmas and Gran Canaria.

The Cape Verdean Government is setting up a tourism infrastructure that will avoid the overbuilding and mass tourist boom that has plagued many other tourist destinations around the globe.

Property for sale in Cape Verde
Montaña Roja are one of the most well established real estate agents on the Cape Verde and have helped many homebuyers and investors find their dream homes or ideal investment. Being both a developer and real estate agency (without intermediaries), Montaña Roja can provide some of the most competitive prices on the market.

At the moment they’re offering one-bedroom, one-bathroom apartments for a little as £71.280 (€103.600) in their exclusive Ponta Preta development on the island of Sal.

The AIP Group has an extensive range of new developments throughout most of the Cape Verde islands, ranging from front line villas and apartments to townhouses and private beachfront villas. Below is an overview of selected current developments. See their web site for full listings – http://www.homesofcapeverde.com/

Creola Sands
Site Location: Boavista
Project Type: Luxury apartments
Availability: 1,2,3 beds
Mortgages: Up to 50% loan to value
Prices from: €140,000

Murdeira Beach
Site Location: Sal
Project Type: Sophisticated Development
Availability: 1, 2, 3, 4
Completion: September 2010
Mortgages: Yes up to 80%
Prices from: €140,000

Paradise Beach
Site Location: Santa Maria, Sal
Project Type : Luxury Apartments & Villas
Availability : 1 & 2 Apts & 3 bed villas
Completion : Summer 2008
Mortgages : Yes up to 80%
Prices from : €120,000

Vila Jardins Do Oceano™
Site Location : Santiago – Cidade Velha
Project Type : Private Beachfront Villas
Availability : 2 & 3 bedrooms
Completion :October 2008
Mortgages : Up to 50% loan to value
Prices from : €232,000

Verde Cara
Site Location :Mindelo, Sao Vicente
Project Type : Beachfront Apartments
Availability : 1, 2, 3 and 4 Bedrooms
Completion : 2008
Mortgages : Yes up to 80%
Prices from : Awaiting Details

Leme Bedje
Site Location :Tarrafal, Sao Nicolau
Project Type : Exclusive beach homes
Availability : 1,2 and 3 bedrooms
Completion : December 2008
Mortgages : Yes up to 80%
Prices from : €85,000

View more new developments for sale

Horizon Property Group have access to an extensive range of new developments on the Cape Verde Islands. Here’s an example of what you are likely to pay for a studio apartment – just 88,000 euros!

Studio apartment in Santa Maria, Sal Island

Specifications
Ref: SA-276-0
District: Espargos
Region: Sal
Complex: Vila Verde
Brief description
Penthouse studio apartment on the Atriplex complex, part of the new Vila Verde Resort on Sal.
Price: 88.000 Euros

Tortuga Beach Resort & Spa****
This 4 star resort is widely regarded as one of the finest on the Cape Verde islands. It’s located on the south of Sal Island, right on the beach.

The Sal island resort represents a fantastic investment opportunity. It’s expected to be one of the fastest selling to date and possibly one of the best overseas investment opportunities worldwide, at the moment.

It offers a choice of 2 bedroom apartments with one or two bathrooms and terraced areas or 3 or 4 bedroom villas with private pools and gardens – all surrounded by an exquisitely landscaped site. All properties include fitted kitchens.

Specifications (Villa)
3 Bedrooms
2 Bathrooms
116 m² Interior
69 m² Exterior
Prices for 3 bedroom, 2 bathroom villas start from 314,950 euros to 372,950 euros.

Specifications (Apartment)
2 Bedrooms
1 Bathrooms
65 m² Interior
23 m² Exterior
Prices for a 2 bedroom, 1 bathroom apartment start at 140,950 euros to 183,950 euros for a 2 bedroom, 2 bathroom apartment with private pool.

Capeverde4sale.com have just released two new developments that are set to become the finest developments ever to be constructed on these idyllic paradise islands.

They’re both located on Sal, the island with the most advanced infrastructure, right beside the stunningly beautiful Ponta Preta beach, in Santa Maria.

Ponta Preta beach is widely regarded as the best beach on the island. It’s got over eight kilometers of fine white sandy coastline bathed by pristine clear blue waters. From here, it’s just a 10-minute taxi ride to Sal’s International Airport.

These two new developments offer luxurious 1 and 2 bedroom apartments as well as detached villas, right on the beach, beside the exclusive new RIU 5-star Hotel.

Ponta Preta Residential – Apartments for sale

In total there are 392 low-rise apartments, surrounding large lagoon-style pools, all made of the highest quality and located just a few metres from Ponta Preta beach.

They’re one of the fastest selling developments capeverde4sale.com have ever handled!

Specifications

Type: Apartment
Bedrooms: 1 & 2
Bathrooms: 1
Interior: 62 m²
Exterior: 15 m²
Features: New Release

Front Line to the Beach
Lagoon Style Pools
Highest Quality
Exceptional Payment Terms

Prices from: €103,600
PAYMENT PLAN ON APPLICATION
1 & 2 Bedroom units

Ponta Preta Residential – Villas for sale

These fantastic villas are in big demand at the moment and will no doubt be secured very quickly. This is an exclusive development of 24 luxury-detached villas, right beside the beach, with constructed areas of 110m2 and large plots of 500 m2.

They’ve been built to the highest of specifications – with 3 bedrooms, 2 bathrooms, marble floors, air conditioning and a private swimming pool.

Specifications

Type: Villa
Bedrooms: 3
Bathrooms: 2
Interior: 100 m²
Exterior: 500 m²

Features: New Release
Front Line to the Beach
Private Swimming Pool
Highest Quality
Air Conditioning

Prices from: €280,500
PAYMENT PLAN ON APPLICATION
3 Bedroom units

Montaña Roja have numerous lucrative new developments on the archipelago. If you’re looking for a profitable investment abroad, look no further…for example, at the moment, in the Ponta Preta area they’re offering one bedroom, one bathroom apartments for just £71,280 (€103,600).

Getting in at the beginning is the best way to guarantee maximum return on investment. If you buy direct from a developer, you can avail of flexible payment plans, and of course, expert knowledge.