Why invest in Cape Verde?
The Cape Verde Islands are very attractive for holiday makers, property investors and businesses alike; here are just some of the reasons why:
All year round excellent weather
Located off the coast of Africa the Cape Verde Islands enjoy very good weather all year, the climate is typically classified as “dry Tropical” with low humidity, with an average temperature of 22°C to 26°C.
Cape Verde has two seasons, the dry season between November and July and the humid season between August and October. When it does rain, which is not very often, it is only showers, overall about 10 inches of rain per year. During the dry season the islands receive around twelve hours of sunshine per day.
There is often a pleasant cooling breeze on the Islands with an average wind speed of approximately eleven knots, Water temperatures in Cape Verde range from 22°C to 27°C so swimming is enjoyable throughout the year. Also because of certain natural factors the Cape Verde islands are very unlikely to be exposed to hurricanes like some of the Caribbean islands.
In general the climate enjoyed on the Cape Verde islands is in every way superior to that of the Canary Islands, which have enjoyed a huge amount of success with tourism, the major part of which can be attributed to climate.
Beautiful Tropical Beaches and Scenery
The beautiful scenery and beaches are very important in helping to establish Cape Verde as a popular tourist destination. Cape Verde is made up of 10 breathtaking beautiful tropical islands; they are the closest to Europe and offer crystal clear waters and white sandy beaches. The islands also have stunning mountain views and owing to the rainfall and climate, some breathtaking tropical plantations. These too will provide European travelers with an authentic feel of tropical adventure and offer an exciting alternative to other close destinations.
Here we have listed some of the Cultural and Economic factors that make Cape Verde property so appealing.
Why Invest?
- The Cape Verde Islands are very attractive for holiday makers, property investors and businesses alike, here a just some of the reasons why.
- Developing country - This new and quickly developing country, keen to attract foreign development, holds a wealth of incentives for investors.
- Improving access for UK - Direct flights from Gatwick and Manchester to Sal from November 2006 from £329. No jet lag since Cape Verde is GMT minus 1 hour.
- Excellent rental income - the perfect all year climate with virtually no rainfall will allow for year long holiday rentals.
- 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 or religious conflict; absence of any political violence.
- Fiscal 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.
- Europe’s closest tropical islands – known as Europe’s Caribbean
- Affordable holidays and low cost of living.
- Privileged geographical location – Only 5.5 hrs flight from UK with little jet-lag due to similar longitude. It is also midway between North America and Southern Africa; Halfway between South America and Central Europe; Regular International flights, including several direct flights, connect the country to the outside world.
- Excellent property prices – Cape Verde beach apartments from €40,000.
- Over 50% increase in property value over the next 24 months expected.
- Early stages of development – Make it an ideal time to invest.
- Tourist industry – Has very good growth potential and predictions
- New International Airport – With direct flights from the UK
- Investment – Both public and private investment is very high. Due to foreign investment in infrastructure and tourism Cape Verde is currently being re-classified as a "middle-income" country.
- Strong possibility of inclusion in the European Union.
- Exchange rate value of local currency is fixed to the Euro.
- 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 or religious conflict; absence of any political violence; supportive of foreign direct.
- Tourist development – The government has earmarked 4 islands for tourist development - Sal, Boa Vista, Santiago and Maio, and major developments such as the new Vila Verde, Sambala Village, Djedsal Moradias and Santiago Golf Resort are all proving extremely popular with British property investors.
- Excellent rental income – the perfect all year climate with virtually no rainfall will allow for year long holiday rentals.
- Fantastic holiday destination – Surf, windsurf, kitesurf and sail, bird watch and dive, fish for marlin and tuna, golf on some of the superb new courses being built, feast and frolic, or just unwind and chill out. Whatever your pleasure, you’ll find it in Cape Verde.
- Efficient telecommunications – Direct dial to most of the countries in the world, with modern basic telecommunication network; provide new communication services, such as mobile phone, pager, videotext, and video conference; Establishment of teleport services to take advantage of the country’s great potential in the regional and international markets as a provider of flexible and competitive teleport services.
Please use the enquiry form to request further information or to arrange a convenient time for us to call.
About Brooksfeller International
Putting you first!
We understand how difficult it can be to invest in emerging international property markets. We also understand how rewarding it can be; personally and financially. Our mission is therefore to provide comprehensive advice and support to enable each customer to make an
informed choice.
It is important to be Independent and we are not tied to any one property developer, but have close contact with a number of sellers,
developers, builders, lawyers and other partners. We continuously analyse the marketplace and select a variety of quality developments
to give our clients the best investment.
Choose Brooksfeller International Property and you have the peace of mind of an established overseas real estate agent helping you find your new home in no less than twelve countries: Brazil, Bulgaria, Cape Verde, Cyprus, Caribbean, Dubai, Italy, Morocco, Portugal, Spain and Turkey and Thailand.
Enquire now for more information on Cape Verde property investment
