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Why Invest in Property Cape Verde
There are many reasons why property investors are choosing Cape Verde over the more tradional property hotspots such as Spain and Turkey. Here are just a few reasons why Cape Verde property is a great investment:
- Cape Verde was featured on Channel 4’s “20 Best Places to Buy in the Sun”
- Tourist Development - The government has earmarked 4 islands for tourist development - Sal, Boa Vista, Santiago and Maio.
- Inexpensive place to buy a property
- Direct 5.5 hour flights from major UK airports from November 2006 and no jet lag due to only 1 hour time difference.
- Capital appreciation – the tourism and infrastructure developments mean the Cape Verde islands will become increasingly popular with holiday makers and investors.
- Rental income - the perfect all year climate of 25C with virtually no rainfall will allow for year long holiday rentals.
- Picturesque environment - beautiful white sandy beaches, clear turquoise warm water, breathtaking mountains, social and political stability and negligible crime.
- Holiday destination – Swimming, surfing, sailing, bird-watching, diving, fishing for marlin and tuna, hiking, mountain biking and golfing on one of the new courses being built.
- Political Stability – A functioning parliamentary political system (a system of free elections allows for the smooth transfer of power from one party to another). Absence of any ethnic, religious or political conflict.
- Telecommunications – Direct dial to most countries, mobile phone, pager, videotext, video conference and internet.
- Business Incentives – Exemption from corporate and complementary taxes on profits for 10 years, starting from the date operation begins; afterwards the maximum tax rate imposed will be 15%. Tax holiday on dividends and profits paid to shareholders for 10 years from the date operation begins. Life exemption from indirect taxes.
- 70% increase in property price expected over the next 24 months.
- Mortgages 80% Loan to Value, 9% Variable, 11% fixed up to 20 years.
- Huge tourism growth potential
- Caribbean 10 years ago
- Closest Tropical Island to Europe
- Tax free ( No VAT )
- Low cost of living
- Crystal Clear Water, White sandy beaches, perfect temperatures for swimming and sunbathing all year round
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