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Introducing Properties in Cape Verde - African Queen
An introduction as to why you should consider buying a property in Cape Verde
The Cape Verde Islands are located in the North Atlantic Ocean around 450 km (300 miles) off the west coast of Africa. There are ten main islands, divided into two groups; six windward Barlavento islands and four leeward Sotavento islands. All but one of the islands is inhabited. Sharing the same latitude as Barbados and the same Caribbean year-round temperatures of 24ºC, the Cape Verde islands are the closest tropical islands to the UK – they’re just a little further away than the Canary Islands and thanks to the recent introduction of direct flights from Manchester and London Gatwick in the UK, flying time is just 5.5 hours.
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A former Portuguese colony, Cape Verde became an independent nation in 1975 and is politically stable with good health services and low crime levels. Portuguese is still the official language and is used alongside the local Creole. There’s an eclectic cultural mix which combines the island’s colonial past and its exotic African Creole culture and the islands enjoy influences from Portugal, Brazil and Senegal. The vibrant, colourful atmosphere fits perfectly with long stretches of beautiful sandy beaches and crystal clear waters for deep sea diving.
According to the internet-based travel company, Expedia, Cape Verde is one of 2007’s top holiday locations, with the population increasing by around 10 per cent at peak holiday times. Tourism is the nation's main growth industry, with figures increasing on average by 25 per cent per year. Many insiders believe that much of the attraction for investors is the way the government is developing tourism but also ensuring that the natural beauty of the islands stays intact. It has put measures in place to promote attractive, low density, low-rise buildings and environmentally friendly construction practices
2007 has also seen approximately £400 million of foreign direct investment in the country, concentrated particularly on Sal Island, the most popular island for holidaymakers, investors, and second home owners and the location of one of two international airports in Cape Verde. This type of investment is largely due to the Cape Verde government’s new tax breaks for foreign corporate investors and developers which have created brand new high quality hotels, golf resorts and improved facilities, all of which boost tourism interest even further.
The three most popular islands are Sal, Boa Vista, a true desert island, and Santiago, the largest island with the biggest population. Sal, which is Portuguese for salt, belongs to the windward Barlavento group of islands and is one of the sandy eastern islands with dramatic natural scenery and spectacular rock formations. It’s famous for its water sports and breathtakingly unique underwater scenery - a real tropical paradise that’s within easy reach. With the property market on Sal in its infancy, prices are significantly lower than in other, more developed, locations. So it’s not surprising that Cape Verde and Sal in particular is being classed as the next big property hotspot.
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