With its beautiful sun-soaked beaches, the island paradise of Cape Verde is a good place to consider buying overseas property. Like many property hot spots Cape Verde is further a field than traditional locations. Cape Verde has seen a dramatic rise in popularity over the last few years. Thanks in part to new air routes and the fantastic publicity the country has received, Cape Verde property enquiries have increased a staggering ten times over since 2004. Property enquiries to TOPA International Estate Agents spiked by 50 per cent last September and October
Foreign Currency Specialist Moneycorp spokesman Nick Bull “increasingly Brits are investigating property investment opportunities further a field. Moneycorp’s figures show that whilst Spain and France remain the top two choices among people buying a second home abroad, in the autumn period last year we saw the greatest increase in overseas property purchases in countries such as the USA, Thailand and Bulgaria.”
He adds: “with Sterling still strong against the US dollar, we may see this trend echoed in the autumn 2007, as Brits snap up properties in the US and other countries such as Dubai, whose currencies follow the movements of the US dollar.”
Cape Verde is made up of ten volcanic islands in the North Atlantic Ocean. The group of Cape Verde islands includes Santo Antao, Sao Vicente, Santa Luzia, Sao Nicolau, Sal and Boa Vista. The southern part the islands include Sao Tiago, Brava, Fogo, and Maio.
The country is named after Cap-Vert (meaning Green Cape), now in Senegal, the westernmost point of continental Africa. The Republic of Cape Verde or Cape Verde is a republic located of the North Atlantic Ocean, off the western coast of Africa. The previously uninhabited islands were discovered and colonized by the Portuguese in the 15th century.
New international airports on Santiago and Boa Vista will put an end to the accessibility problems that have slowed the holiday rental market and a recent application to join the EU shows that Cape Verde is bound to increase the desirability of the islands.
