Cape Verde’s ‘staggering’ returns

Cape Verde’s ‘staggering’ returns

Tuesday, April 08, 2008

Cape Verde is having a profitable reaction to the worldwide credit crunch…

Cape Verde is one country that has experienced minimal negative impact as a result of the global crunch. Indeed, according property company Cape V, property prices are continuing to rise at a staggering 15/20% per annum.

Darren Mitchell, Director at Cape V, commented: “Where else in the world can you invest in a home with such excellent returns and in a country which is economically and politically stable?

“There is significant investment in the island from factories to major hotel chains and with the introduction of direct flights from such travel companies as Thomson, the islands’ true potential as a mainstream holiday and 2nd home destination is happening and it is happening now.

”Anyone investing in a brand new property in 2008 should see a minimum 15/20% return in the first 12 months, which is substantially higher than the UK marketplace. And of course, rental is big business too with year round warm and sunny weather, easy access and a Government which is proactive in furthering its importance on the world market place”

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