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

AIP, the first pioneers on the Canary Islands have moved further south to the exotic Cape Verde Islands.

Over the past 25 years, AIP Group has grown into one of the biggest real estate companies on the Canary and Cape Verde Islands. They’ve developed a reputation for having standards of product and service unmatched by any other agent in this Atlantic region.

Over the last six months, AIP have pushed further into the emerging property markets on the islands of Sal, Santiago and Boa Vista in order to meet the increasing demand for investments here.

AIP have recently launched their new brand “Homes of Cape Verde” (http://www.homesofcapeverde.com/), and has already greatly influenced the island’s lucrative property market.

At the moment Cape Verde property is in big demand.
This is one of the biggest investment areas with UK and Irish nationals, after the Canary Islands. Cape Verde has fantastic potential, both as an investment area and also as a place to live. AIP can help you find real estate on Cape Verde at a fraction of what you’d pay in Spain.

New developments and off-plan purchases are often the most lucrative investments in these new emerging markets.

With three decades of experience selling homes across the islands, clients can rest assured that they’re in safe hands, before during and after the purchase process.

Through their long-standing and privileged relationships with most of the premier constructors in the area, AIP they can offer you a wide range of opportunities at the best possible prices.

AIP has gone from strength to strength and as the company’s managing director, Lawrence Howard explains, “We can promise every house buyer who comes through our door that we will definitely be here in another three, five and ten years”.

AIP are at the cutting age of property sales on Cape Verde. They’re continually adapting their strategies for this rapidly growing market.

AIP now has one of the most comprehensive portfolios of property on Cape Verde. They have everything from off-plan property investments and villas to prime-location condominiums and front line apartments.

Two of their new developments include Dunas Beach and Sabi Sands.

Dunas Beach, located on the beautiful island of Sal, is comprised of a range of top quality front line villas and apartments, starting from just €82,500. Completion date is September 2010 and mortgages are available up to 80%.

Sabi Sands, located on Boa Vista, offers a range of frontline apartments townhouses and villas with 2 & 3 bedrooms, starting at €85,935. Completion date is September 2010 and mortgages are available up to 50% loan to value.

Property investors have long relied on AIP’s keen eye and business acumen to secure their healthy financial future. This trend seems set to continue…

Xclusive Properties have been selling property and offering financial management solutions on the Cape Verde Islands for over 10 years.

Their in-depth knowledge of Cape Verde puts them in an excellent position to give clients the comprehensive and professional advice they need right throughout the whole purchase process.

Cape Verde is an emerging property market with tremendous investment potential. High returns are almost guaranteed.

One of the reasons it’s so lucrative is because it’s still so young. A lot of land is being developed at the same time pushing property prices to their current low.

Property values are set to increase dramatically. Channel 4’s TV programe, (A Place in the Sun), has recently named Cape Verde as “one of the top twenty places for property investment in the world”.

Xclusive Properties understand that all successful investment is about making the right decisions. What’s paramount to them is providing clients with honest and professional information on which to base their decisions. Once they know what they want, Xclusive Properties will their utmost to find the most suitable property for their clients.

Xclusive Properties also specialize in secluded parts of the islands that are out of the mainstream developments.

There’s no “hard sell” approach with Xclusive Properties. They work very closely with clients in order to learn about their specific needs and expectations – to find out exactly what kind of investment they want on Cape Verde, and how best to achieve it.

The more they get to know your needs, wants and expectations the easier it is for them to determine whether the islands can offer you the sort of investment you are looking for.

At Xclusive Properties, they’ll do everything to make sure your property hunting is as stress and hassle free as possible. After all, buying property abroad on an exotic paradise island should be exciting and enjoyable as well as very financially rewarding.

Xclusive Properties have been selling property and offering financial management solutions on the Cape Verde Islands for over 10 years.

Their in-depth knowledge of Cape Verde puts them in an excellent position to give clients the comprehensive and professional advice they need right throughout the whole purchase process.

Cape Verde is an emerging property market with tremendous investment potential. High returns are almost guaranteed.

One of the reasons it’s so lucrative is because it’s still so young. A lot of land is being developed at the same time pushing property prices to their current low.

Property values are set to increase dramatically. Channel 4’s TV programe, (A Place in the Sun), has recently named Cape Verde as “one of the top twenty places for property investment in the world”.

Xclusive Properties understand that all successful investment is about making the right decisions. What’s paramount to them is providing clients with honest and professional information on which to base their decisions. Once they know what they want, Xclusive Properties will their utmost to find the most suitable property for their clients.

Xclusive Properties also specialize in secluded parts of the islands that are out of the mainstream developments.

There’s no “hard sell” approach with Xclusive Properties. They work very closely with clients in order to learn about their specific needs and expectations – to find out exactly what kind of investment they want on Cape Verde, and how best to achieve it.

The more they get to know your needs, wants and expectations the easier it is for them to determine whether the islands can offer you the sort of investment you are looking for.

At Xclusive Properties, they’ll do everything to make sure your property hunting is as stress and hassle free as possible. After all, buying property abroad on an exotic paradise island should be exciting and enjoyable as well as very financially rewarding.

After setting up in 1999, Horizon Property Group S.L have gone on to become the largest independent property specialist on the Canary and the Cape Verde Islands. They’re one of the fastest growing agencies on Cape Verde, providing new homes and smart investments to clients from all areas of Northern Europe.

They now have some of the best value properties for sale on Tenerife, Fuerteventura, Gran Canaria, Lanzarote and the Cape Verde Islands.

Extremely professional, renowned for their comprehensiveness and efficiency, they’re recognised by various international organisations – the National Association of Estate Agents; the Federation of Overseas Property Developers; and FIABCI (the International Real Estate Federation).

Horizon Property now employ over 30 permanent staff, including a dedicated marketing department, all working meticulously to provide a first class service to the client, from their offices in the Canary and Cape Verde Islands.

Their business has been built on a foundation of goodwill between themselves and their clients. They’ve established an enviable reputation for being as friendly as they are professional. Customer satisfaction is paramount for the group – with positive word of mouth, generating more and more clients, every year.

Their offices on Tenerife, Lanzarote, Fuerteventura, Gran Canaria and Cape Verde are staffed by people from all over the globe, all of whom speak English. Most of the staff are permanent residents on the islands with years of experience and a wealth of knowledge selling residential and commercial property to individuals and investors.

Despite the company’s rapid success and growth, they still provide a level of service that you’d normally expect from a smaller more intimate company. Clients are looked after on a one-to-one basis and guided step by step through the whole process, from initial enquiry to eventual purchase and beyond.

Horizon Property pride themselves on their relaxed but professional manner. They’ll listen carefully to your exact needs, with no pressure whatsoever, and do everything they possibly can to find a home or investment that suits you perfectly.

The Horizon Property Group have built up relationships with numerous strategic partners over the years, greatly facilitating the purchase process for both themselves and their clients. These partnerships with leading Spanish and UK companies enable them to provide a first class tailored service to all their customers.

BBVA (Spanish Bank)

BBVA are a leading Spanish bank, with offices all over mainland Spain and the Canary islands. Through this collaboration, Horizon can offer complete finance packages individually tailored to provide loans or mortgages for UK investors in new developments in both the Canary and Cape Verde islands.

Currencies Direct
Currencies Direct are a leading foreign exchange specialist, offering the best rates of foreign exchange for overseas property purchases. Through this collaboration Horizon can help clients to move their funds quickly and inexpensively.

Online services
They now provide an efficient call back service whereby you simply type your questions into a box on the website and they immediately call you back with all the relevant information you require. The lines are open 9:30am to 5:30pm Monday to Friday.

So, if you need independent advice on any aspect of buying or selling a property on Cape Verde contact them today. You’ll be guaranteed a quick, straightforward and efficient service with a strict “no hard sell” approach.

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.

Red Mountain Property S.L is one of the most well established professional property companies on the Canary and Cape Verde Islands.

Dealing directly with the best property developments on both the islands, they can offer tailor made payment terms to suit your needs.

Red Mountain can also put together specialist long or short-term investment plans for you. For example buying multiple units off-plan, which you can then sell prior to project completion, often at a considerable profit.

At the moment they’re looking after the 4 star Tortuga Beach Resort and Spa. Located on prime frontline beach on the south of Sal Island, it’s one of the finest developments on Cape Verde.

You’ll find the staff here very professional. There’s no “hard sales” approach. The team can guide you through the whole process – every stage of the way – from initial enquiry and organized inspections tours to completing the legal side of the transaction and beyond….

They can also provide advice and assistance with after sales issues like insurance, taxation, furnishing, building modifications etc.

If after a period of time you decide to cash in on your investment, Red Mountain will be only to pleased to handle the sale for you. They only specialize in re-sales from their own high quality property developments.

Why Cape Verde?
Red Mountain were one of the first property companies to realize that Cape Verde is the next big thing in overseas property. Analysts have been predicting a 70 % rise in property values over the next 2 years. Yes, 70%!

The islands have a perfect climate with balmy sea and water temperatures as well as sunshine all year round.

As the infrastructure improves, there are more and more direct flights to Cape Verde islands every year.
With year round sunshine, you don’t have to travel in summer and be stuck with seasonal air ticket price hikes.

Off plan buying is a particularly popular option. Clients can benefit from buying now, when the price is at it’s lowest. They can then rent the property and receive a steady income until they are ready to make the move to the islands themselves. If they need a mortgage, the rent will usually take care of payments.

Another option is short term holiday renting. This can often be more profitable than longer term lets. As Cape Verde has year round sunshine, clients can rent out their property at high prices during the UK’s peak periods and still have the rest of the year to enjoy to themselves.

Red mountain is continually striving to improve on quality, service and commitment to their clients.

Here’s what the clients say

Andrew & Gillian Copland, Billericay. UK
“We liked the fact that there was no sales pitch and plenty of helpful factual information which enabled us to decide the right property for us. You took the time to show us around the resort and the different types of property that were on offer and also had the patience to answer our numerous questions! You also very kindly gave us contacts for all the other services required, such as solicitors, swimming pool installations, property furnishers etc.”

“Over the years we have dealt with many different estate agents but have found Red Mountain to offer that extra quality service that the other agents simply lack.”

Miss H A Martin, Staffordshire, UK
“I would like to thank Graham at Red Mountain Real Estate for all the help and guidance he has given me over the past few months. Buying a property abroad can seem risky and very daunting, especially when you don’t understand the law or the lingo, but Graham has made the whole process very easy and hassle free!”

Darren Hooker
“Graham and the team have a strong real estate and legal infrastructure that enables sound, well structured advice.”