Cape Verde Property

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.

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