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Cape Verde Property Investment Explained

Aug 17, 2007
The Cape Verde islands is an excellent investment because of the way the government is developing tourism while also conserving the natural beauty of al of the islands. It is now a very attractive holiday home and investment property destination which is highly unlikely to encounter the over development that has had an adverse on other locations in the past 20 years.

With regards to property investment, Cape Verde is thought of as the number 1 opportunity worldwide. With many potential investors missing out on the most recent stand out land grabs in Bulgaria and Croatia people's eyes are now turned towards Cape Verde and the potential for maximum capital gain in one of their many beautiful islands. Buying properties in Cape Verde is surprisingly a very straight forward process much more so than many other up and coming land markets. The Cape Verdian government actually go as far to welcome and promote investment in the islands as they are hoping to gain entry into the EU.

Transaction fees for when buying will usually include stamp duty at 3% of the total purchase price, a further 3% will be added for land registry and solicitor's fees to go on top. This in comparison to other emerging markets around the globe is very reasonable costs and merely adds to make Cape Verde investment more desirable.

When buying your property you should always hire a reputable lawyer to guide you through the process. They can guide you through any potential pitfalls such as if the land ownership is under any form of dispute and you will be made fully aware of the total price for the property including any hidden costs including any charges that are on the property or any outstanding mortgages. As well as a solicitor it is also highly recommended that you hire a sworn translator for any party of the buying process that needs your signature. Again this will protect you against any sort of language disputes that can arise due to you not being fully aware of what is contained in your new property contract.

Following these points will give you a sound footing to take advantage of all the investment opportunities currently available for properties for sale in the Cape Verde islands inclusive of Santo Antao, Sao Vicente, Santa Luzia, Sao Nicolau, Sal and Boa Vista on the North islands and Maio, Santiago, Fogo and Brava on the south islands.
About the Author
Archy Ash writes for Your Cape Verde property and land investment specialists also providers of Cape Verde mortgages and villas at http://www.yourcapeverde.com
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