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One of Cape Verde’s most beautiful Islands is tantalizing international investors…
Home to around 240,000 people, half of Cape Verde’s population, Santiago is Cape Verde’s largest island at 991km² and also hosts the nation’s capital – Praia. Wth regular direct flights from London to Lisbon, investors looking for excellent rental yields should definitely take a look.
Carley Todd, GEM Estates’ Cape Verde expert recently argued that Santiago is ‘light years ahead of Sal in terms of completed or near-completed amenities’, adding that it is ‘more tangible as an island requiring less imagination from off-plan investors’.
Ms Todd continued: “The airport is always busy with domestic and international passenger traffic, the deep-water port at Praia employs 140 staff and is doubling its cargo handling capacity through a multi-million expansion plan and the nation’s first finished golf course will be on Santiago, the Nick Faldo Estrela Santiago where earth movement is visibly underway set for a 2010 opening.
”Belying its size and maturity, the holiday property market in Santiago is actually quite embryonic. Just a handful of resorts are being marketed and with hotels running at a healthy 70% occupancy plus tourist arrivals soaring year-on-year, demands on short-term rental accommodation are high.
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