Monday, 5 December 2011

Cayman Islands Doctor Reveals Plans to Kick Start Medical Tourism

An internationally renowned heart surgeon, Dr Devi Shetty has purchased 200 acres in the Cayman Islands and plans to build a new hospital. Survey work is already beginning, and there are plans to include energy efficient technology throughout the building.

The land at High Rock was initially intended to become a commercial seaport, but this plan failed when it proved to be unpopular with locals. It's one of the highest elevated points on Grand Cayman and has natural protection against storm surges and flooding. As well as the hospital there will also be a number of support facilities including residential accommodation and hotels.

These plans have been in the pipeline for more than two years, and recent legislation passed by the government will enable practitioners to limit damages, keeping insurance costs and internal health care costs down.

The initial phase is expected to be quite a small hospital of just 140 beds, but during the next 10 to 15 years Shetty has additional plans to include an educational facility, assisted care community, a tertiary care hospital and a biotech research centre.

A development of this size will require significant improvements to infrastructure, including transportation and public services. Patients would stay on the island an average of nine and a half days and when the hospital becomes a fully operational it could be catering for 1,400 patients a day.

Whenever medical tourism is mentioned, it's easy to think it's only available in countries such as India or Thailand, but the fact it is expanding its reach to other countries can only be good news. The international medical tourism market is a sector which is increasing rapidly with many patients unable to afford or obtain decent medical care in their own countries.

Cape Verde is a Great Choice for a Winter Holiday

Cape Verde is a great choice for a winter holiday; situated just 300 miles off the coast of Senegal it has already been called the European Caribbean and is just a five and a half hour flight from the UK.

It's perfect for sun lovers as the islands are gently cooled by trade winds and remain pleasantly warm rather than stifling.

There are 10 different islands and each has its own character, with plenty of deserted beaches, dunes and volcanic peaks to explore. Cape Verde was originally part of the Portuguese empire and its language remains a mix of Portuguese and Creole.

The main island is Santiago, and this is the business centre for all the islands. The scenery here is dramatic and mountainous and ideal for keen walkers. Fogo lies to the south and is home to an active volcano crater and is the wine and coffee producer for the country.

Saint Vincent is one of the more northerly islands and is widely recognised as being the artistic and cultural centre. However the two most visited islands are Sal and Boa Vista, and both have regular charter flights from the UK.

Boa Vista is the island closest to Africa and is perfect for water activities. It's also the third most important site in the world for nesting turtles. Sal has starkly beautiful but barren scenery, but is very much the watersport capital of the islands and is renowned as being one of the top five windsurfing locations in the world.

A holiday on Cape Verde definitely offers something a little different from the normal winter destinations, and is a perfect, stress free escape.

Sunday, 27 November 2011

Discovering the Appeal of the Sun-kissed Grand Cayman Island

The Cayman Islands is a British overseas territory consisting of three islands less than 500 miles south of Miami. The islands have a reputation for having some of the most beautiful beaches in the world, as well some of the best diving and snorkelling.

The largest island is Grand Cayman, and it’s here that you'll find the capital city of George Town which is excellent for those who enjoy fine dining and shopping. It's possible to do National Trust historic walking tours around the city, with a number of historic buildings currently being restored by the Trust and National Historic Sites Committee, and it is a great way to find out a little more about the history of the islands.

Grand Cayman makes an excellent place from which to start exploring these islands, and one of its main attractions is Seven Mile Beach, which although very long and beautiful is slightly less than 7 miles long. If you are a keen snorkeller or diver then there are a number of excellent tours available which can be personalised to suit your level of experience and comfort. It's also possible to sail, try your hand at parasailing or go deep sea fishing.

Other must see attractions include the Queen Elizabeth II Botanic Park which sprawls over 65 acres. The park includes a 0.8 mile walking Trail as well as a small cafe and a beautifully restored turn-of-the-century farmhouse complete with original furnishings, cistern, cook room and outbuildings.

There is also a two acre lake which is an important site for native aquatic birds, and the Park houses the Cayman Blue Iguana Captive Breeding and Reintroduction Facility. In fact there is a lot to see and do on Grand Cayman, and it makes the perfect location for those wishing to relax on a beach as well as for those who like to be slightly more active.

Discovering Cape Verde’s Third Largest Island

Cape Verde is an archipelago of 10 islands 300 miles off the coast of Senegal and thanks to year-round temperatures which average 24°C it is fast becoming a sought-after holiday destination and tourism numbers are increasing rapidly.

It's been predicted that the number of visitors to the islands will exceed 1 million annually by 2015, and it had the distinction of making Lonely Planet’s list of top 10 countries last year. It is being likened to the Canary Islands but in fact is quite different, and at just a five-hour flight from the UK it’s eminently accessible.

The most obvious attraction of the archipelago is its beaches, and Boa Vista, the third largest island has no less than 55 km of pristine sandy beaches, and as tourism is only just beginning to take off most are beautifully quiet. The landscape on the Boa Vista is almost lunar and it's generally necessary to take a 4x4 vehicle to get around.

The main town on Boa Vista is laid-back Sal Rei, and it's easy to see the Portuguese influence as the islands only gained independence in 1975, and the official language is Portuguese. It's very much a fishing town as this is still quite a thriving industry, but there are already a number of craft shops and souvenir shops to cater for the tourism market.

Although there are a number of sites worth seeing on this island one of the major attractions are the nighttime tours to see the loggerhead turtles which nest in their thousands on the eastern and southern beaches each year. Boa Vista is a charming island, and as it becomes more widely known it's easy to imagine visitors flocking here.

Tuesday, 22 November 2011

Enjoying the Quiet Charms of Akbuk

If you are looking for the perfect spot in which to enjoy a quiet and relaxing holiday, or are looking for a holiday home surrounded by gorgeous scenery, then Akbuk might just fit the bill. More and more holidaymakers are choosing to visit Turkey, and some will go on to invest in property in the country, attracted by the affordable prices and easy accessibility from the rest of Europe.

There is no doubt it is a beautiful country, as it is rich in culture and has an unspoiled beauty. Whether you are looking for gorgeous sandy beaches, colourful bazaars, or want to explore the many ancient ruins, Turkey has all the ingredients for an unforgettable holiday, and Akbuk is in the perfect location.

This small former fishing village whose name means White Bay is situated right on the waters of the Aegean and surrounded by mountain forests and olive groves. It is renowned for having excellent air-quality as it enjoys low humidity and high oxygen content, making it ideal for anyone who suffers from respiratory diseases.

Development here is strictly controlled as much of the land is protected, and this will ensure demand for property remains high while the idyllic nature of the resort is preserved.

Although the resort is quiet, it's up to you as to whether you choose to have an active or relaxing holiday as there are plenty of things to see and do nearby. Akbuk is well supplied with local shops, restaurants and bars, and there is a local market every Friday which is superb for anyone who is self-catering as you can buy super fresh fish, vegetables and fruits and spices. It's just 20 minutes away from the larger and more lively resort of Altinkum and a mere 50 minute drive from Bodrum airport.

The Implications of Britain's Relationship to the Cayman Islands

The Cayman Islands is a British overseas territory and as such has a UK Governor, while its democracy is loosely based upon the UK’s legal system. This relationship brings political stability to the country, and is considered vital for attracting business to the islands.

The fact that the legal system is so closely related to the English legal system is extremely important as the ultimate right of appeal is the Privy Counsel in the UK, and there is also the ability to extend international conventions and UK laws wherever appropriate.

The islands also have an enviably low crime rate, and businesses are reassured by the fact that the Royal Cayman Islands Police Service can always call upon the UK police forces for assistance.

The UK also has the ability to approve borrowing by the Cayman Islands government, and while this policy hasn't always proved popular some experts do think it has been beneficial in keeping the country's financial management under control.

This relationship is not one-sided, and the Cayman Islands also bring considerable benefits to the UK, one of which is the international transfer of capital through structured finance products and funds. This helps generate substantial revenue for the City of London through accountancy firms, investment managers, banks and law firms. For its part, the Cayman Islands adhere strictly to international standards, a fact that was recently acknowledged by the Financial Stability Board.

Of course the Cayman Islands isn't all about business, and its tourism industry has substantially increased this year, with visitor numbers from the US and Europe up by 6.5% and 5.7% respectively.

Cape Verde Economy Predicted to Enjoy GDP Growth of 6.8% in 2012

While the rest of the world continues to struggle with the global crisis, Cape Verde continues to buck the trend. This archipelago is located in the mid-Atlantic between Brazil and Senegal and is just five hours away from the UK. Although its economy did suffer during the global crisis with GDP growth dropping from 8.6% in 2007 to just 3.6% in 2009, government policy has ensured it is back on track, with growth predicted to be more than 5% this year by the World Bank.

Cape Verde is increasingly attracting investors as it is one of the most stable countries in Africa. It enjoys low inflation and low crime and has been granted special partnership status by the EU. It's a great place in which to buy property, as the property laws are easy to understand, dating back to the time when the country was under Portuguese rule, and property rights are strongly protected.

The country has few natural resources and energy and fuel costs can be quite high, but the government is planning a huge renewable energy project which includes Africa's first large-scale wind project. The intention is that renewable energy will provide 50% of the country’s requirements by 2050.

Most of the development is taking place on the island of Sal which was originally known for its salt mines. Nowadays the island is undergoing substantial infrastructure improvements which include a marina plaza and new roads. Luxury developments can be found at Tortuga and Dunas, and some properties can be bought through SIPPS although they have to be commercially leased.

Reasons for Investing in the Cayman Islands

There’s no doubt the Cayman Islands is a great place in which to own a holiday home, but one of the major attractions for owning property here is the lack of direct taxes. The islands have no income tax, no property tax, no inheritance tax and no capital gains tax, offering investors the chance to see substantial gains on investments within a relatively short period.

The government makes it very easy to invest, as there are no restrictions on foreigners owning land. Purchasing property is pretty straightforward, and the modern land registration system is run by the government.

The Cayman Islands is also one of the safest countries in the Caribbean and enjoys good political stability and has the highest per capita income in the region. Property continues to increase in value each year, but it is still possible to buy reasonably priced property, especially on the two smaller islands, and these make excellent destinations for people looking for a more relaxed pace of life or those looking for a retirement home.

Each of the three islands has a very individual personality, and Grand Cayman, the largest island has something for everyone and is the most cosmopolitan. It is the main hub for shopping and banking and while still retaining its local culture, has a very international feel. Little Cayman is ideal for nature lovers who long for uncrowded beaches.

It is home to just 200 people, as well as a wide variety of exotic birds, in iguanas and plants. Cayman Brac is popular as a weekend getaway for those who live on Grand Cayman, as well as being a holiday destination in its own right, and of course all three islands have spectacular beaches and clear warm waters which are ideal for snorkelling, swimming and diving.

Sunday, 20 November 2011

Former Cape Verdean President, Pedro Pires Nominated 2011 African Personality of the Year

The former president of Cape Verde, Pedro Pires has been shortlisted by Forbes magazine for the African Personality of the Year award for 2011. His name is one of five being put forward, and the nominee will be announced at the end of the month.

The award is given to the individual who has had most influence on events during the year, and this latest nomination comes shortly after Pedro Pires was awarded the prestigious Mo Ibrahim prize for good governance, having served his country for 16 years.

Pires was instrumental in helping to achieve independence for Cape Verde from Portugal and served as prime minister between 1975 and 1991, and was president between 2001 and 2011.

His second term expired earlier this year and he decided not to run for office again. Another of his major achievements was to transform the political system from being a single party autocracy into a multi-party democracy.

Cape Verde has achieved a tremendous amount in just a few short years, and although it is a small country it is notable for its democracy, stability and growing prosperity. The economy has been growing steadily over the past few years, and this is expected to continue in spite of the international crisis, although at a more moderate rate.

Travel companies have already reported an increase in winter holiday bookings to Cape Verde this year as the archipelago becomes better known. It's fast becoming a popular alternative to the Canaries, especially amongst clients looking to try somewhere a little different, as it still offers pretty much guaranteed sunshine without the need to fly long-haul.

Sunday, 6 November 2011

China Provides $4.7 Million Interest-Free Loan to Cape Verde

China has agreed to provide an interest-free loan of $4.7 million to Cape Verde which will be used for projects which are considered a priority. These include infrastructure and economic and social facilities such as the National Stadium and the new maternity ward at the Agostinho Neto Hospital. The money will also be used to fund building work at the Santa Maria technical school on Sal Island as well as projects which will improve water and energy efficiency.

There is also likely to be additional funding available for social housing. This isn't the first time China has provided loans to the country which is still very much an emerging economy.

It's definitely a country which is well worth investing in, as it has a very stable democracy and until the recent economic downturn, enjoyed good economic growth of around 7% annually.

The economy is mainly service oriented and is focused upon the rapidly growing tourism sector.

The islands are perfect for tourists as they enjoy a warm climate year-round and are close enough to Europe to be enticing enough for a short winter break. The islands are extremely interesting as each has a diverse landscape while the people are warm and welcoming and celebrate their culture through music.

Although the islands have a lack of natural resources, and have to import much of their food, major efforts are being made to build renewable energy sources such as wind farms, which is essential as the country has one of the fastest-growing tourism industries in the world.

Escaping to the Cayman Islands

The Cayman Islands consists of three separate islands called Grand Cayman, Cayman Brac and Little Cayman, and its appeal is easy to see.

The islands have a reputation for being an offshore haven, George III exempted the islands from taxation in 1794. This was reportedly done  to thank the islanders for rescuing the crew and cargo of 10 merchant ships which had come to grief in the surrounding waters. Whether or not this is true, it is still one of the world’s largest financial centres and does attract the wealthy.

Unsurprisingly the Cayman Islands can boast of having the highest standard of living out of all the Caribbean islands as well as a very low crime rate.

While the islands are undoubtedly glamorous, they do have much to offer ordinary mortals just looking for a luxurious holiday, and there’s a lot to see and do.

You can choose to go on a boat trip to see the dolphins or can view the island from horseback. There are also a number of guided tours along nature trails which allow you to experience the islands different ecosystems.

For something a little more manicured visit the Queen Elizabeth II Botanic Park which is home to the many birds and parrots, and some exceptionally beautiful orchids which are in bloom from May through June.

It goes without saying that diving here is exceptional, and even if you don't want to dive you should at least do a spot of snorkelling to admire the abundant marine life. The Cayman Islands offer a taste of paradise to everyone who visits.

Saturday, 29 October 2011

Three Cayman Islands Create an Idyllic Destination

The Cayman Islands are located in the western Caribbean and consist of three islands called Grand Cayman, Cayman Brac and Little Cayman. Together they form a little piece of paradise just 480 miles south of Miami. Visitors to the islands can enjoy sun kissed beaches and some of the best snorkelling and diving in the world.

The largest and most visited Ireland is Grand Cayman which is around 76 mi.². It is best known for having a shallow reef known as the North Sound which is around 35 mi.². Cayman Brac is the second largest island and is 89 miles north-east of Grand Cayman.

It is just 1.25 miles wide and 12 miles long, giving it an area of around 14 mi.². It's perhaps the most spectacular out of the three islands as there is a massive central limestone outcrop which dominates the island. Little Cayman is just 5 miles west of Cayman Brac and has an area of just 10 mi.².

The islands were discovered purely by chance in 1503 by Christopher Columbus whose ship was blown off course. He noted the islands were occupied by turtles, and this is the reason why islands were originally called Las Tortugas.

In 1523 a map showing the islands named them Lagartos which means large lizards or alligators, and by 1530 this name had changed to Caimanas which is the Carib Indian word for marine crocodile, as this creature is known to have lived on the islands. Over time the name gradually changed to become the more familiar Cayman Islands.

Cape Verde Named As Top Winter Destination for Surfers

Thomas Cook has named Cape Verde as one of its top five surfing destinations for winter, and points out that this archipelago is ideal for keen wind surfers and surfers as the trade winds blow across the islands between December and May.

There's no doubt this collection of islands is becoming far more popular as a tourist destination, and while many might come here for the surfing there are plenty of other activities to enjoy. It's the ideal spot for anyone who enjoys walking along long sandy beaches, or who wants to spend their days sunbathing and generally enjoying the peacefulness here.

Some of the most spectacular beaches can be found on Boa Vista as it has no less than 55 km of gorgeous white sand. Praia de Chaves is particularly amazing as the sand dunes have been sculpted by the winds, creating incredible patterns.

Deep sea fishing is a popular activity, and there are plenty of opportunities to join local fishermen, and the islands of Sal and Sau Vincente are considered to be amongst the best for fishing.

While there are lots of water sports above the water, the region is also ideal for anyone who enjoys diving as the clear waters make it easy to see the massive rock formations and shipwrecks. Trekking is also a popular activity, especially as the islands have a vast variety of landscapes. Other activities include quad biking, turtle watching and bird watching and horse riding. Island hopping is also a popular day trip.

Sunday, 23 October 2011

The Cayman Islands, Much More Than a Tax Haven

The Cayman Islands immediately conjures up images of offshore accounts as it is perhaps best known as being a tax haven, but there is far more to recommend this Caribbean paradise.

The three islands were originally discovered by Christopher Columbus in 1503, but he didn't find them appealing enough to take the trouble to go ashore. By 1670 the islands were under the control of the British and had been named Grand Cayman, Little Cayman and Cayman Brac, and the first settlers began to arrive, even though the Cayman Islands didn't seem to have much to recommend them at the time as they didn't produce any goods.

They still produce very little, as most income is earned from financial services and tourism, and they have to import around 90% of consumer goods and foods. It's only recently that they have become better known as a tourism destination, even though they have stunning beaches.

One of the best-known is Seven Mile Beach on Grand Cayman, which is just over 5 miles long, and it is well worth spending several days at least relaxing here. The islands are well known for their excellent diving and snorkelling, as they have more than 300 marked dive sites and the waters are crystal clear. In fact the Cayman Islands are considered to offer the best diving in the Caribbean.

Each island has its own distinct personality, and Little Cayman is truly tiny at just ten miles square with just one hundred inhabitants. Cayman Brac is a little larger with a population of around 2,000, but most people choose to stay on Grand Cayman.

Escaping the Winter in Cape Verde

The nights are drawing in, the weather forecasters are making dire predictions of another severe winter and the prospect of getting away somewhere hot for a week or so is becoming increasingly appealing.

While traditional holiday hotspots such as Egypt and the Canaries are always a good option, there is another choice which is still only a five-hour flight away. Cape Verde is an archipelago of 10 islands that offer a Caribbean environment within a short haul flight of Europe.

The tourism industry is still very young, but there has been substantial investment by the government into infrastructure, including international airports on the islands of Boa Vista and Sal, as well as all the usual amenities travellers expect. It's an excellent holiday destination, and all the islands have a unique personality. One of the most popular is Boa Vista, and with its fabulous beaches which extend for miles it is easy to see why.

The main town of Boa Vista is Sal Rei, whose buildings betray its colonial past. However one of the nicest things to do on this island is visit Santa Monica beach, which is 11 miles of glorious white sand on the sheltered south of the island – its waters are ideal for swimming.

Boa Vista is ideal for a week or two of relaxation in the tropical sunshine, and it's not difficult to see why so many new resorts and developments are springing up. During the boom Cape Verde was rapidly growing into one of the world’s top tourist destinations, and now it is on the re-burn.

Saturday, 8 October 2011

Cayman Islands History and Economy

Although the Cayman Islands were first sighted in 1503 by Christopher Columbus, it wasn't until several decades later that the first English visitor landed on the islands. Sir Francis Drake landed in 1586 and gave the islands their name. However they remained largely uninhabited until the 17th century, and there is no archaeological evidence to suggest an indigenous people.

England took formal control of the islands in 1670, and remained in control until 1962 when the Cayman Islands became a separate Crown colony. They are historically known for being a tax exempt destination, and much of their economy is due to the fact that they are major international financial centre and the fifth largest banking centre in the world with around $1.5 trillion in banking liabilities.

However the islands are also known for being a luxury tourist destination, especially the island of Grand Cayman which is home to the famous Seven Mile Beach along which a number of the island resorts and hotels are located. In spite of its name, the beach is only 5.5 miles long, but is well known for its beauty and has frequently been named the best beach in the Caribbean.

Tourists also visit the islands of little Cayman and Cayman Brac, and all three are popular with scuba divers. There are also several locations where tourists can swim with stingrays, with the most popular being Stingray City in Grand Cayman. The Cayman Islands make an ideal destination year-round, as temperatures are comfortably in the late 20s. The driest months are January to April, while the wettest months tend to be in autumn.

Cape Verde Will Meet Millennium Development Goals

A new report published recently by the World Bank in Washington, says Cape Verde is well on track to meet its Millennium Development Goals, and is one of only four African countries set to do so. Alongside Ethiopia, Ghana and Malawi, Cape Verde is expected to achieve most of its goals by 2015, or possibly even sooner thanks to acceleration in growth and progress of social indicators.

In order to do this Cape Verde has made considerable improvements in areas such as education, health and infant mortality, and has also improved various economic aspects such as its business climate.

Cape Verde is amongst the top 10 countries in the world to have introduced the most reforms in 2010, and the report fully expects to continue seeing the country in this list due to the various reforms which are still underway.

According to the World Bank, the significant improvement in the business climate in Cape Verde was largely due to the government applying robust reforms.

This is all good news for the tropical archipelago which is becoming increasingly sought-after by property investors. Property is still relatively cheap, and the government’s investment in infrastructure has greatly improved amenities over the past few years.

This has led to a huge increase in tourism numbers as more people become aware of Cape Verde's existence and its close proximity to Europe. The country has an ever expanding number of international flights and an increasing number of international airports to cope with the surge in popularity.

Friday, 30 September 2011

The Idyllic Cayman Islands Is a Major Offshore Financial Services Centre

To most people the Cayman Islands conjures up an image of an idyllic holiday, and it's true that tourism accounts for around 70 to 75% of the annual GDP of the Cayman Islands, but it is also one of the world’s most important offshore financial services centre which includes vessel and aircraft registration, banking, mutual funds, companies and partnerships incorporation, trusts and the Cayman Islands Stock Exchange.

At the end of 2005 over 70,000 companies were incorporated on the Cayman Islands including 430 trust companies and banks and more than 7,000 funds. The Cayman Islands is also distinctive for having the highest standard of living in the Caribbean, as the average income here is $42,000 making GDP per capita the eighth highest in the world.

The islands are and overseas territory of the UK, and as such are largely managed from the United Kingdom, but the government of the Cayman Islands often resolves important issues without any intervention from Britain, and in recent years has developed a significant relationship with the US.

The government's main source of income is through indirect taxation, as locals and Cayman Island companies are not subject to any type of direct taxation. Import duty of 20% is charged against goods imported into the islands, and duty on imported cars can cost as much as 40% for expensive models.

The population on the islands is around 53,000, and more than 100 nationalities are represented here. Around half of the population is Caymanians and most of the residents reside on Grand Cayman. One of the biggest attractions on Grand Cayman is the world-famous Seven Mile Beach which has the reputation of being amongst the best in the world.

The Rising Popularity of Cape Verde Holidays

Cape Verde is rapidly increasing in popularity, and is beginning to feature in many top 10 destination lists, and it's little wonder. This island is just a few hours flight away from the UK, and has good international connections with many European cities. It's ideal for a short break and there is no jetlag. The archipelago enjoys good year-round weather, and is becoming known as a winter holiday destination.

One of the most popular islands is Boa Vista, and it is also one of the warmest as it is closest to the African mainland and receives hot winds from the Sahara. The capital city of Sal Rei is laid-back. There are a number of good restaurants and cafes just off the main square, but it really comes to life in the evenings with live music being played in many bars.

Away from the main city, the white beaches are absolutely beautiful, and the Estoril dunes are well worth a visit especially on a quad bike tour.

There are also a few volcanic formations and date palms peppering an otherwise barren landscape.

Boa Vista is the third most important nesting site for loggerhead turtles in the world. This endangered species visit the island between May and September to lay their eggs on the beach. Research is being done to track their migratory routes by logging and tagging the turtles.

Obviously the main attraction of this island has to be the beaches. The island is a perfect spot for windsurfers, as the water is just 1 to 2 m deep with terrific swell and no currents.

Tuesday, 27 September 2011

Altinkum Is Enviably Located in One of the Nicest Parts of Turkey

Altinkum enjoys an enviable location in one of the nicest parts of Turkey, and it is also in one of the most interesting regions. It is 200 km south from Izmir, the third largest city in Turkey, and just 110 km from Bodrum and 73 km from Kusadasi, both of which are important tourist resorts.

Even though it is relatively close to these major resorts, property prices are still very reasonable, especially considering the fact that it is a very family oriented resort with gently sloping golden beaches that are perfect for families. It's also just as good for anyone who just wants to unwind and soak up the sun for a few hours each day.

There are plenty of umbrellas and sunbeds for hire at reasonable daily rates, and you can either choose to just swim in the beautifully clear seas, or to try out one of the huge range of watersports available from the beach. This includes jet skis, banana boat rides, windsurfing and pedalos.

The locals in Altinkum are friendly, and most speak good English. It's nice to take an evening stroll along the promenade, although it does get pretty busy and noisy at times. There is an excellent choice of restaurants, and you can choose to eat cheaply or indulge in something a little more lavish.

The region has a considerable history, and one of the most important sites is the temple of Apollo in Didim. This amazing structure was created 700 years before Christ, and is considered to be one of the most important temples in the ancient world.

It is the architectural twin of the Artemision which was considered to be one of the Seven Wonders of the World. Even if you don't normally like to spend your holiday traipsing round ancient sites, this one is well worth a look.

New Tourism School Planned for the Cayman Islands

The premiere of the Cayman Islands intends to establish a tourism and local hospitality school early in 2012, in order to encourage more Caymanians into this growing sector.

McKeeva Bush thinks the country needs to take a long-term view of tourism, and should be looking to train more local people for jobs in the industry. Research shows visitors to the islands are looking to have a more authentic local experience, and are willing to pay for this if the Cayman Islands can deliver it.

He feels more Caymanians should be able to benefit from tourism, so the tourism ministry will be joining forces with the University College of the Cayman Islands to provide training at an international certification level for those interested in careers in tourism.

The aim of the school is to provide a well-trained local labour force, as this will help local people directly benefit from tourism while enhancing the cultural flavour for visitors. It's expected that the school will deliver a world-class workforce, and during the first phase will offer City and Guilds certification and associate degree programs.

The tourism school will form links with well-known institutions such as Cornell University and other affiliated universities. The second phase will offer further certification and degree programs which will include City and Guilds certification courses and bachelor degree programs with Cornell University and the Culinary Institute of America as well as other well-known institutions.

The school is also expected to eventually accept international students. Having a local workforce which has been trained to world-class standards should greatly enhance the Cayman Islands already considerable appeal.

Sunday, 18 September 2011

The Attractions of the Cayman Islands

The Cayman Islands were first discovered by Columbus in 1503, but were later traded to England and are still a British colony; as such the islands speak English, have a Parliamentary type government, and are still subject to Great Britain in matters of defence and foreign policy.

The islands are quite wealthy, as they have the highest per capita income in the Caribbean, and they have their own local currency which is the Cayman dollar which is currently pegged to the US dollar at 1.25. The Caymanians are known for their friendliness.

The Cayman Islands are also the financial capital of the Caribbean, and have more than 500 banks and financial institutions. This is probably due to the fact that there are no direct taxes, no income taxes, no capital gains tax or inheritance taxes or property tax.

Foreigners are allowed to open bank accounts and to borrow money. Anyone investing in the country, which includes buying a residence, is eligible for residency in the Caymans providing they have a clean police record. Residency allows unrestricted stays and to be taxed as a non-resident in their home country.

However residency doesn't give the right to work as this requires a work permit and these tend only to be issued if local labour isn't available.

The tourist industry here has enjoyed enviable growth, and it's not surprising as it is considered one of the world's top three scuba diving and snorkelling destinations, while deep sea fishing is also considered to be extremely good. Visitors can take a number of interesting tours through the Cayman Islands National Trust, and of course there are plenty of beaches for sunbathing.

Sal and Boa Vista Top Choices Among Overseas Property Buyers

The islands of Sal and Boa Vista are proving to be particularly popular with overseas buyers, especially Sal, as it has the reputation of being a very cosmopolitan island which is home to around 15 different nationalities. It has the advantage of having the main airport nearby, and of course the gorgeous beaches and many bars and restaurants are a huge attraction.

Sal also has a great relaxed atmosphere, and the infrastructure here is constantly being upgraded to improve utilities and roads. While some people are buying property here as an investment to rent out, others are seeing it as an attractive place for a holiday home, as it certainly a great alternative to the Canaries or other more traditional European hotspots, and is a relatively short flight away. Not surprisingly, beachfront properties are proving to be the most popular.

Cape Verde is attracting more and more attention, as a recent report from TheMoveChannel.com showed it had entered the top 10 destinations of overseas enquiries, and is now more highly rated than Barbados, Cyprus and Malta.

Although this may come as a surprise to many people, those who have visited the archipelago will find it easy to see why, as it still represents excellent value, has reliable weather and its rapidly improving infrastructure can easily support substantial increases in tourism numbers.

During the first six months of the year Cape Verde received 219,000 tourists, which is an increase of 47,000 tourists and growth of 27.5% compared to the same period in 2010. Most of these tourists came from the UK, but the archipelago is also popular with visitors from France, Italy, Germany and Portugal.

Sunday, 11 September 2011

Altinkum Is a Resort with Golden Sands

Altinkum is a relatively small resort on the Aegean coast, and is in the centre of Didim. Its name means golden sands, and it certainly lives up to it, with three gorgeous sandy beaches to choose from.

The resort is popular with families, as the seas here are quite shallow. It is easy to see why this resort is becoming more and more popular with second home buyers and investors, as it has a very wide appeal.

During the day it is very much a family oriented resort, and is perfect for those looking for a quiet, relaxing holiday, but in the evening the place comes to life, as there are a number of bars which have live music and nightclubs.

The resort also has a considerable number of restaurants, and the wide choice of menus means that even the pickiest of eaters will find something to satisfy them. The Turkish people here are very friendly, and most speak fluent English.

One of the nicest things to do whilst staying here is to take a boat trip, as there are lots of beautiful bays and islands surrounding the resort. These trips can be as active or relaxing as you choose, as most will stop at regular intervals to allow you to swim in the cooling waters of the Aegean.

Those people who love to spend at least part of their holidays visiting ancient sites will be in heaven here, as there are a number of important sites close to Altinkum, with the most famous being the Temple of Apollo.

European Buyers Snapping Up Property in Cape Verde

According to local property experts, increasing numbers of European buyers are purchasing homes in this tiny archipelago, especially in the resorts of Sal and Boa Vista. At the moment there is the opportunity to pick up a bargain as there is a choice of distressed sales available due to the global economic downturn.

However potential buyers are advised to pick their property carefully, with the most desirable homes being those which are nearest to the sea. Property investors are also advised to ask for a complete breakdown of all maintenance charges, especially if they are buying a property in a managed development.

Buying in a managed development is certainly a desirable option, as it does offer a relatively hassle free investment as all the trouble of renting out the property is taken care of.

The archipelago is growing in popularity due to its close proximity to Europe, and the good availability of flights. Its excellent year round climate and cheap property makes it a viable choice for a second home or investment, and it is often compared to the Canaries, even though it is somewhat more exotic.

Sal is one of the most developed resorts in Cape Verde, and has long stretches of white sand and is a watersport lover’s dream. Boa Vista also has some stunning beaches, and is renowned for its marine life. It is a little lower key than Sal, and if you travel here between December and February you may even be lucky enough to spot humpbacked whales.

Sunday, 28 August 2011

The Quiet Charms of Akbuk

Akbuk is perfectly situated as it is only 40 minutes drive from Bodrum airport, and is just 15 km from Altinkum, and it is fast becoming a sought-after location. The small town has a real sense of history as it used to be primarily a fishing village, but is rapidly growing into a well-developed tourist resort which has its own harbour, villas and hotels.

The area around Akbuk is protected forest and olive trees, and it has a beautifully peaceful feel to it. Activities here include hiking, fishing, water sports, or you can simply choose to relax around the pretty little bay or on one of the gorgeous beaches. Lake Bafa is just a 10 minute drive away, or if you feel like enjoying a little nightlife then Altinkum is easily within reach.

Akbuk has one of the highest oxygen ratios and lowest humidity in the heart of Turkey, and this makes it an extremely healthy place in which to live or holiday. It is often recommended by doctors to those suffering from asthma. The beaches and bays here are very clean, and although not terribly big, they have a lovely family oriented atmosphere.

Akbuk appeals to people looking for a peaceful and relaxed atmosphere, and it is extremely popular amongst retired people and families. It gets even better when you consider that high density housing isn't allowed here, and no buildings over two and a half storeys high are allowed.

Akbuk truly feels like little piece of paradise, but has sufficient amenities to allow for day-to-day living with lots of mini supermarkets selling groceries, and of course Altkinkum is just a short drive away, if you happen to feel the need to visit a large and busy supermarket.

Liberal Opposition Candidate Wins Cape Verdean Presidency

The Presidency for Cape Verde has finally been settled and was won by the liberal opposition candidate, Jorge Carlos Fonseca who beat is socialist rival Manuel Inocencio Sousa with 54.9% of the vote compared to 45.91%.

He won the campaign by promising to modernise the economy, reduce unemployment rates and keep economic growth steady. The outcome of the election means that the Prime Minister and the President are from two different parties, as the Prime Minister José Maria Neves stands for the African Party for the Independence of Cape Verde, which has a Parliamentary majority of 37 out of 72 seats.

It is a Parliamentary democracy, and the Presidency is very much a ceremonial role. The election was calm and peaceful, and was monitored by the Economic Community of West African States who reported no major irregularities. However the observers did note that there was a need for greater voter participation. Although 305,000 people were registered to vote, only around 60% actually bothered to do so.

Cape Verde is one of the most stable and prosperous nations in Africa, and it has a burgeoning tourism and service industry as the country has few natural resources. The service sector represents around 75% of GDP, while tourism accounts for around 25%. The country had 400,000 visitors in 2010, but this number is increasing rapidly due to ongoing construction of a number of resorts and developments.

In 2008 Cape Verde was only the second African country after Botswana to be promoted by the United Nations from the list of the 50 least developed countries. It is also likely to be one of the few African countries who will meet the Millennium Development Goals by 2015.

Sunday, 21 August 2011

Exciting and Vibrant Hurghada

Hurghada attracts thousands of visitors each year and is one of the top resorts in Egypt, but it has only undergone this transformation during the last few years, as it used to be a small fishing village. Although it has grown substantially over the last decade or so it has still managed to retain much of its historic charm, and it still feels authentically Egyptian.

It is perfect for anyone looking to completely relax on holiday, and is a great year round destination, packed full of amenities designed to appeal to international tourists from around the globe. Demand for accommodation here has increased substantially over the last few years, and there have been many new luxury developments designed to cater for second home buyers and buyers looking for investment property, and as such there is plenty of rental accommodation to choose from.

Egypt is just five hours away from the UK, and there are numerous charter flights and flights with low-cost airlines from most UK airports. The international airport at Hurghada is just a short transfer away from the main resort. Average temperatures here are well over 30°C, and it remains warm all year round.

While the excellent weather and beautiful beaches are part of a major attraction here, there is still plenty to do and see inland. You don't have to travel far from the resort before you are in the desert, and there are lots of exciting trips which allow you to explore this beautiful but hostile landscape. You can also choose to book longer trips to see some of the major historical sites in Egypt, or of course you could choose to just relax, which is of course the whole point of going on holiday.

Exploring the Cape Verdean Island of Santo Antao

Cape Verde consists of several different islands, and not all of them are inhabited, however all of them offer breathtaking scenery. The island of Santo Antao is particularly good for sightseers, as it is the most northern island in the archipelago and is also one of the most rugged. It makes a great break for a couple of days from the livelier island of Sao Vicente, and while the ferry takes just under an hour from Mindelo, it could be a world away.

It is a collection of volcanic mountains which is ideal for keen hiker's as the peaks rise to more than 1,500 m in several places, and the very highest peak, Top de Coroa is an impressive 1,979 m high. The terrain here is perhaps some of the most beautiful in the world, as there are lush tropical green valleys and sheer mountainsides. One of the valleys is called Janela, and there are inscriptions on the ancient rock dating back to the 1400s which strongly suggest that the island was inhabited by a civilisation before the Portuguese arrived.

If you choose to visit this island you'll also enjoy a spectacular car journey over the spine of the island to the town of Ribeira Grande. The road is 26 km long and was built from volcanic stones lifted from the mountains and laid by hand. The mountains dominate the landscape either side of the road, and the road is lined with eucalyptus and pine forests.

Santo Antao is the second largest of the Cape Verdean islands, and has the third largest population with just over 47,000 people living here permanently. It may not have the exclusive resorts which attract so many people to these islands, but it does make a nice escape for a couple of days at least.

Sunday, 14 August 2011

Buying Property in Didim Altinkum

Didim Altinkum is one of the most popular holiday resorts in Turkey, and it's easy to see why as it enjoys a mild climate all year round, it has excellent beaches and crystal clear waters, and enjoys a huge amount of sunshine, so it's no wonder the people here are so friendly and cheerful.

The area has excellent amenities and a number of important archaeological sites including the Temple of Apollo which isn't to be missed. There are a number of daily tours from the resort which include boat trips and sightseeing excursions. If you love snorkelling there are some great secluded bays which are only accessible by boat, and there are also some great spots for scuba divers to enjoy.

The international airport has good connections with all major European airports, and this has made it one of the most popular resorts in which to buy property during the last decade or so. There is a huge range to choose from here, which ranges from apartments to detached villas, and the prices can vary according to each resort.

Anyone thinking of buying property here is advised to take their time and explore all the options. It's also a good idea to talk to foreigners who live here for much of the year or even year-round, and to ask their opinion of the different areas. It's also worth checking to see how close a property is to local amenities and public transport, and something which is often neglected is to check which way the property faces to see how much sun it will receive.

Advantages of Holidaying in Hurghada

Hurghada is a relatively new resort but is fast becoming an international centre for aquatic sports. Obviously the most popular on-water activities here are snorkelling and diving, but it's also possible to do deep sea fishing, sailing and windsurfing. The warm waters here make it ideal for all kinds of watersports, and are extremely conducive for the large numbers of rare fish and coral reefs, which can also be observed from glass bottom boat if you really don't want to get your feet wet.

There is a huge choice of accommodation in Hurghada, which includes four and five star hotels, although a lot of people choose to rent self-catering accommodation as much of it is new, and is often quite luxurious.

Hurghada has a reputation as a party town, particularly amongst Europeans as there are many clubs here, but the resort is also popular with older Europeans who come here for family holidays as it is easy enough to find quieter parts of town.

The resort is still developing, and facilities will only get even better in the future, and there are various communities being developed just outside the main resort. These include El Gouna, a resort community constructed along 10 km of the beautiful beachfront to the north of Hurghada, and offering visitors a wide choice of activities.

It is an internationally certified diving centre, but also offers kite surfing, and it has the distinction of being the first professional centre in Egypt to do so. It also has an 18-hole US PGA golf course should you get too bored of lying on one of the gorgeous beaches. In short Hurghada has something for everyone and caters for all ages.

Cape Verde Voting in New President

Cape Verde is currently voting to decide who will be the next president of this tiny Archipelago which consists of 10 main islands and eight islets. It is considered to be a politically and economically stable country, in spite of having little natural resources.

The current president Pedro Pires, who is a member of the ruling African Party for the Independence of Cape Verde (PAICV)was first elected in 2001 and is stepping down after two terms. During these terms he has seen a decade of growth averaging 6% annually, the construction of three international airports and a huge improvement in infrastructure.

A vote on the Sunday saw the former Foreign Minister and law professor, Jorge Carlos Fonseca from the opposition Movement for Democracy (MFD) pull slightly ahead of his rival Manuel Inocencio Sousa for the PAICV. Fonseca gained 37% of the votes while Sousa gained 33.9%.

The second round of voting takes place on August 21 and Sousa is confident of gaining more votes while Fonseca is equally confident of winning the presidency for the opposition party. These two parties have dominated politics in the Archipelago since multi-party elections were first held in 1991, and both have ruled for around 10 years.

The whole voting process was overseen by an 80 member observer mission from the Economic Community of West African States, and was proclaimed to be calm and orderly with no irregularities recorded. In February the PAICV won a majority in parliament, and legislative polls saw the current Prime Minister Jose Maria Neves re-elected as head of government.

Sunday, 7 August 2011

Things to do near Fethiye

Fethiye makes an excellent base for holidays or longer stays as there is plenty to see and do nearby. The area is rich in archaeological sites and on the most impressive is at nearby Patara. At the moment archaeologists are busy working at the site which contains the world’s first democratic parliamentary building, and it's even easy to recognise the ruins as such.

The ruins show that the first Parliament, which was where the Lycian League met, had semicircular seating. The earliest evidence of this League dates back to around 205 BC, but it's thought to have been operational a long time before this date. The League continued to rule well in to the first millennium, as it was even allowed to continue governing after the Romans moved into the area.

As well as containing the first democratic parliamentary building it seems likely that this area also has the oldest lighthouse in the world. Restoration work is currently ongoing, but it's likely to date back to around 60 A.D. and was dedicated to Emperor Nero. Although ancient ruins might not be everyone's cup of tea, it does make a pleasant trip out before returning back to Fethiye to enjoy one of the spectacular sunsets.

You'll find that many people congregate around the newly extended promenade and it does make a lovely spot to have a drink or a meal, or simply to enjoy a stroll. In fact there are many spots along this particular stretch of coastline which are pretty beautiful in the early evening sun, and it's easy to see why so many people choose to buy property here, or simply return here year after year for their annual summer holidays.

Cape Verde Attracted $111 Million in Foreign Investment during 2010

According to a World Investment Report from the United Nations Conference on Trade and Development, Cape Verde received around $111 million in foreign direct investment during 2010, and although this is $8 million less than the previous year it is extremely respectable considering the world financial crisis. The African Development Bank has issued a report called "Economic Outlooks in Africa," and this noted that Cape Verde's focus on public investments had enabled it to buck the trend which has seen foreign direct investment fall in many countries over the last year or so.

According to the report the economy in Cape Verde cannot generate sufficient funds to enable its continuing development, as the Archipelago has a lack of natural resources and a balance of trade deficit. The report goes on to say that foreign direct investment is key for the development of Cape Verde, and helps to compensate for some of the deficiencies within the economy.

Although tourism remains the sector which generates the most investment, there are clear signs that this investment is diversifying, and there are now far more investors from northern Europe in comparison to southern Europe. Prior to 2006 the majority of investment came from Portugal, Italy and Spain, but during the last few years investments from the United Kingdom, Sweden, Belgium and Ireland have become far more important.

A recent report from Rightmove Overseas sound that searches for property in Cape Verde have increased by a massive 46% over the last month or so, which may be partially due to the availability of low-cost direct flights.

Saturday, 30 July 2011

Sao Vicente, the Pearl of West Africa

Sao Vicente is sometimes called the Pearl of West Africa, but is perhaps one of the lesser known islands within the Cape Verde Archipelago. However it's well worth a visit as is also known as the carnival and cultural capital of this Archipelago.

Its name comes from the fact that it was discovered on St Vincent’s day on January 22 in 1462 by the Portuguese. However it remained a small and sleepy island until the British discovered it would be ideal as a natural deep water port in the 19th century, and they went on to develop a harbour in Porto Grande to enable the shipment of coal on Atlantic routes. It's still the largest and most active port in the Cape Verde, and nowadays it has a population of around 70,000 people.

One of the main attractions of this island is its beautiful beaches, especially the Bai Das Gatas lagoon which was formed through volcanic activity. Another stunning beach is Praia Grande which has the extinct volcano as its backdrop. However music is a huge part of the culture in this island, and there is even a Brazilian style carnival in the streets of Mindelo which is usually held in late February. Another notable festival takes place in August at the Bai Das Gatas lagoon, and is a three-day event.

There are plans underway for quite substantial development on the island, including a world-class Ernie Els designed golf course, and Nikki Beach is to develop a residential scheme and a five-star hotel. The company also has plans for another five-star hotel in the capital city of Mindelo, while a former fort will be converted into a casino.

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Sahl Hasheesh, Hurghada

Sahl Hasheesh is around 20 km south of Hurghada in Egypt's Red Sea Riviera, and is very much a resort town that is rapidly growing in popularity. In January 2011 capacity here was nearly 100%, however immediately after the revolution capacity dropped to a low point of around 5%, but is now recovering nicely.

Egyptian Resorts Company, who are a developer of mega communities estimates that occupancy is now around 50% capacity, and is confident enough to launch a new public beach in the downtown area which will be open to residents and visitors to the resort town. Their original plan was to complete the downtown area along with the new public beach for the summer, but this has been put on hold just until things settle down.

Egyptian Resorts Company controls the land supply in this area, and is making sure that development is carefully controlled so that there is adequate infrastructure, and no random houses or compounds can be built.

The eventual aim is to transform Sahl Hasheesh into a year-round community. At the moment it is concentrating on infrastructure within the resort, and is also developing public relations and marketing campaigns so that when business returns to normal this resort will be ahead of competitors.

Sahl Hasheesh is a resort around two thirds the size of Manhattan which is being constructed in three phases, at the moment the town has its own offices, schools, hospital, parks, entertainment and restaurants. The marina here is especially nice as it is constructed in a Mediterranean style, and offers visitors a beach and entertainment facilities in the same area.

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Sunday, 24 July 2011

The Many and Varied Attractions of Hurghada

Hurghada is one of the biggest resorts in the Red Sea Riviera, but is often overshadowed by Sharm el Sheikh. However there are several reasons as to why this resort is better. To put it simply, it has a bit of everything, and the sheer number of activities offered to holidaymakers make it very hard to beat.

Its primary claim to fame is perhaps as the diving capital of the world, and certainly you'll find world-class facilities here. If you are looking to learn how to scuba dive, then there is probably no better place to do so, as the waters are warm and clear, and coral reefs are superb. It's also an excellent location for families as there is safe snorkelling and swimming, and of course there are always lots of boat trips on offer. Most places will not allow kids under the age of 10 to scuba dive.

Although Hurghada is quite a lively resort at night, there are plenty of quieter places nearby including El Gouna, Soma Bay and Makadi Bay.

If you ever become tired of the glorious beaches and then there is lots to do and see nearby. There are numerous camel safaris on offer, or you can choose to travel a little further afield to see the pyramids or the Valley of the Kings.

It's easy to see why so many people choose to buy property here, as it is considerably cheaper than Sharm el Sheikh, and the flight connections are just as good. It has the same high standard of amenities, and is fast becoming extremely popular. It's a year-round resort, and many people are able to earn good rental income from property here.

Why choose Cape Verde?

Cape Verde could still be considered a developing country. Although this may be a little unfair as substantial investment has entered the country over the last few years, and considerable improvements have been made to the standard of living, health care and education for its citizens. However in some ways it is still very much a developing nation, and there are substantial opportunities for investors choosing to get in at the start of the action.

Tourism is becoming far more established, and although the Archipelago has been popular with Italian and Portuguese tour operators for a number of years, it is also being discovered by other European countries, especially the UK. This has led to substantial plans for property development, and there are numerous hotels and holiday homes under construction as the current number of hotel beds will not meet predicted demand.

One of the most popular islands for both visitors and investors is Sal, which is a true beach resort with gorgeous white sandy beaches and turquoise sea. Sight-seeing on this island is relatively limited, but there is a salt lake in an extinct volcano crater in the north of the island, and this is well worth a visit.

The main attraction is the sea, which is full of Marine life including dolphins and turtles, and the majority of people come to this island for water sports, especially diving. It has an excellent reputation with windsurfers, and is considered one of the top five locations in the world. The largest town is Santa Maria which has a lively atmosphere and a comprehensive choice of restaurants and bars.

The island itself is quite barren, and for this reason many locals have chosen to move to other parts of the Archipelago, making this the ideal location for holiday resorts.

Just a few of the things I love about Altinkum

Altinkum is, in my opinion perfectly located as it is on a peninsula on the Aegean coast of Turkey. It is in an area called Didim, a very laid-back and friendly environment. You'll find the locals here extremely welcoming and willing to pass the time of day with you over a glass of apple tea. Many people return here year after year as it's such a great place to stay. The name Altinkum translates as golden sand, and when you see the beautiful beaches you'll understand how perfectly suited to this name is to this gorgeous little resort.

Until recently this town used to be quite a small and sleepy place, but around 15 years ago people from larger cities began to realise the attractions of living here and started to build holiday homes and second homes, and a lot of them have chosen to retire here. Obviously the beaches here are a huge lure, and there is a wide range of watersports available to those who wish for an active holiday. Those of us who prefer lying on the beach while pretending to read are well catered for as there are numerous sunbeds and umbrellas available to rent.

I might be giving the impression that this is a very sleepy little town, but there is still plenty to do and see, especially for those who are interested in ancient history as this area is certainly rich in ruins. You can discover the numerous beaches and coves by taking one of the organised daily boat trips from the harbour during the summer season, and there are also fishing trips available. I really believe this is the perfect location for a second home, or for anyone looking to buy a holiday property with the view to earning rental income.

Cape Verde Population Increases to Nearly Half a Million

The latest census of Cape Verde has shown that the population has increased to 492,000 people. When the first population census was carried out in 1960, the population was just 201,000.

July 11 was a World Population Day, and the chairman of the National Statistics Institute, Antonio Duarte pointed out that the population of this tiny archipelago is extremely young with an average age of just 26.8 years. A massive 54% of the population is less than 25 years old, and the majority of people live in urban areas. The average Cape Verdean woman has 4.2 children, and the life expectancy at birth is now a very respectable 74 years.

The illiteracy rate on the island was 25.2% in 2000, and that has dropped considerably to just 17%. Maternal and child mortality rates have also shown significant improvement during the last few years. In short, the country is well on its way to achieving the majority of the Millennium Development Goals. The population of Cape Verde is forecast to increase to 630,000 people by 2020 which represents an average annual increase of nearly 3%.

The Millennium Development goals include important issues such as eradicating extreme poverty and hunger, ensuring every child has access to good primary education and improving maternal health and reducing child mortality. Other important issues include ensuring sustainable developments and making sure that everyone has access to clean drinking water.

Cape Verde has already achieved its aims of ensuring good primary education, gender equality, a reduction in child mortality and an improvement in maternal health. Other goals remain well on track to be achieved.

Sunday, 10 July 2011

Which is the best Cape Verdean Island?

Cape Verde has several islands which have luxury developments for sale, but I think that Boa Vista is one of the nicest islands for anyone looking for a second home, or an investment property.

This is because it is the third largest island and has sufficiently well-developed infrastructure to be able to support the growing tourism industry. Most of the native population no longer live on the island as conditions are often extremely dry which makes it very difficult for any agricultural activity. This is the reason why Boa Vista is often known as the Island of Dunes and Beaches, as it is ideal for tourism and has some of the nicest beaches in the archipelago.

It has an abundance of marine life, and if you choose to visit during June through to November, you may even spot turtles nesting on the southernmost beaches. It is one of the most important nesting sites in the world.

Some visitors also spot humpbacked whales off the islet of Sal Rei, with the best times for viewing being the months of December to February. The beautiful coastline offers miles of unspoilt walks, and the waters are ideal for watersports and deep sea fishing. There are also lots of quad biking tours available.

Nightlife on the island is relatively quiet, but there are a few concerts during the summer, including the common music festival which takes place in August on Santa Cruz. The other major festival takes place on the 4th July, which is the day of Santa Isabel who is the patron saint of the island.

Why is Hurghada so special?

Although Hurghada has undergone development since the nineteen eighties, it is only really during the last decade that there has been substantial growth. It has become a thriving resort with over 200 hotels, although many holiday makers choose to rent one of the numerous luxury apartments. Nearly 2 million tourists visited the resort in 2008, and this number is increasing steadily each year. It is essentially a year round resort, although the busiest seasons tend to be from September to November, and March until May.

A large attraction of Hurghada is that it has excellent amenities, but property here is a lot cheaper than the rival resort of Sharm el Sheikh. It remains to be seen how long this situation will continue, as the resort is still being developed and is increasing in popularity. The biggest attraction of Hurghada is of course the Red Sea, and the majority of tourists will come to take part in the numerous watersports offered here.

Tourism is the main industry in Hurghada, but a number of people are employed in construction, mining and fishing. A lot of people living in the resort are foreigners who come here, fallen under its spell, and never left. Most work in real estate and tourism, or have local businesses. Property investment in this resort has become more prevalent over the last few years, and the recent resolution of some of the property disputes which have been rumbling on for the past few months are bound to give this region a boost. Most of the buyers in Hurghada are British, German or Russian, and newly built compounds just outside the city are proving increasingly popular as many come with private beach access.

Sunday, 3 July 2011

Turkey increases exports by an amazing 25%

Latest data from the Turkish Exporters Union (TIM) shows that Turkey increased its exports in June by an incredible 25.2% when compared to the same month in 2010, and exports for June have now reached $11.51 billion. This latest data shows that exports are continuing to drive Turkey's economic growth, and the figures for exports during the last year total nearly $125 billion.

The majority of Turkey's exports are down to industry, and this sector has increased by 25.6% over the same month in 2010, and accounts for nearly 85% of total exports. The remaining 15% is divided between the mining sector and the agricultural sector, with the mining sector contributing 3.22% to the total amount of exports for June, while the agricultural sector accounted for the remaining 11.91%. The car industry accounted for the highest revenues at $1.8 billion, which is closely followed by the textile industry with $1.48 billion. The iron and steel industry and the chemical goods industries were not far behind, accounting for $1.31 billion and $1.46 billion respectively.

Overall the fishery and livestock industry has expanded its exports by the highest percentage when compared with figures for June 2010, with an incredible 99.69% increase. The trade in cereals increased by 49.79% in June compared to June 2010, and the ornamental plant industry increased by 40.59%. Not all industries fared so well, as the shipping and fruit industries saw declines of 35.23% and 15.13% in June.

The TIM President Mehmet Buyukeksi is very pleased with these figures and feels that Turkey has successfully implemented an economic recovery program. He is quoted as saying "These are strong growth figures, price and financial stability in the country.”

One of the most interesting facts about this recent data is that it showed exports were increasing to EU countries, especially those who have been hardest hit by the crisis.

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Saturday, 2 July 2011

Hurghada is an all-round resort

Hurghada is fast gaining a reputation as a town which has something for everyone. It is already well known as a holiday resort which attracts visitors from around the world who come to enjoy not just the year round sun, but also the world class water sports. It is perhaps less well known for being an international business hub.

In addition it is also a very busy port city, and a truly international destination which welcomes every nationality. Up until now, these attributes have gone largely unnoticed, as it is best known for being a resort where property is still very affordable, but some industry experts now believe that Hurghada may one day overtake Sharm el-Sheikh in popularity.

This view is partly due to the fact that the deposed President Mubarak chose to take refuge in his holiday villa in Sharm el-Sheikh before heart problems forced him to enter hospital. His presence in the resort lead to a large prevalence of security forces in the resort, which doesn’t exactly inspire confidence in visiting tourists.

Hurghada also offers a different holiday experience from Sharm el-Sheikh, as it’s bazaars and souks lead it to have a much more authentic feel, as opposed to the more sophisticated and high-end amenities of Sharm el-Sheikh. However this doesn’t mean that Hurghada doesn’t have the capability of becoming as sophisticated, as all the potential is there. This is partly due to the fact that Hurghada has a number of what are called satellite resorts, such as El Gouna which has a number of man-made lagoons that would be more at home in glitzy Dubai. Sal Hasheesh is another part of Hurghada which has tremendous potential, and which is being sold off as a self-contained resort village.

Saturday, 25 June 2011

EU will not have Major Role in Turkish Reforms

The Turkish ambassador to the EU has said that the European Union will no longer have a key role in Turkish reform efforts because there is no clear perspective of accession. Ambassador Selim Kuneralp went on to say that the European commission's recommendations would be taken into account, but there didn't seem to be any real reason for Turkey aligning its legislation towards the somewhat restrictive standards imposed by the EU.

The current prime minister won a historic third consecutive term in power, and part of his manifesto was a promise to rewrite Turkey's military era constitution. It's possible that changes to the constitution could allow the current Parliamentary system to transition into a presidential system. Apparently the EU is worried about this development, even though France already has this type of constitution.

There are only a few chapters remaining for negotiation, but accession talks have come to a halt as the commission opted not to open the competition chapter due to opposition from several EU member states. Negotiations on eight chapters were suspended in 2008 due to Turkey’s refusal to open ports and airports to Greek Cyprus. France is blocking five chapters as it opposes Turkey joining the EU on cultural grounds. The remaining chapters are the trickiest to negotiate and require candidates to agree to considerable concessions.

Kuneralp feels that the EU is under considerable strain due to its financial problems, and that it lacks a coherent vision over its foreign policy. When it comes to Turkish foreign policy Ankara isn't worried by Western concerns over its closeness to Iran, and points out that Iran is its next-door neighbour and it's obviously in its best interest to talk and trade with the country.

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Cape Verde, the Quintessential Island Retreat

Cape Verde really is the quintessential island retreat, and now is an ideal time to buy as it is still slightly outside most people’s radar. This means it's unspoiled, but has a substantial infrastructure in place in preparation for tourist developments. There is little doubt that the tourists will come as it has a great deal to offer in terms of glorious warm weather year-round and gorgeous sandy beaches combined with stunning scenery.

The climate is tropical and has little variation throughout the year with the average temperature ranging from 20°C to 25°C, and the scenery varies from an almost desert like lunar landscape to lush green valleys. The official language is Portuguese, but the country also has its own national language called Crioulo which is a hybrid of Portuguese and African dialects. The primary religion is Roman Catholicism.

The country has few natural resources and tourism will become one of its most significant economies, and luckily the government is determined to develop Cape Verde in a way that will not compromise the unspoiled nature of the islands.

There are 10 major islands and eight islets. While the best known are Santiago, Boa Vista, Sal and Fogo, there are several others which are worth exploring, even if they remain as yet relatively undeveloped.

Maio is a tiny island with a population of less than 7,000 people, and is the ultimate place to escape. Brava is even smaller, and is also the most tropical and romantic. This island is well off the beaten track, but everyone who goes there falls in love with this charming place. Sal remains the tourism capital, while Santiago is the commercial centre.

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Saturday, 18 June 2011

Buying property in Hurghada

Egyptian property has received less than positive news in recent months due to the continuing land sale crisis, with the caretaker government having to settle disputes about land which may have been purchased illegally through the old government. However the majority of property involved is not in the Red Sea area, and the government is anxious to settle disputes without upsetting foreign investors who make up a staggering 90% of the Egyptian property market.

Although these disputes may affect the property market in the short term, in the long-term the effect should be beneficial, leading to greater transparency, and it's unlikely that overseas buyers will lose out. One suggestion being put forward to settle disputes is that the developers should pay the difference between the price paid and the price deemed fair by the courts which wouldn't affect purchasers at all.

While this is all going on there is undoubtedly the chance to pick up a bargain in Hurghada, and it is perfectly located right in the heart of the Red Sea Riviera. The resort is famous for its cosmopolitan atmosphere as it straddles eastern and western influences, and it has some of the best beaches and water sports in the world. Since it was substantially developed in the 1980s, it has become one of the leading resorts in the region, which is perhaps due to the 40 km of beach. Although it is quite a lively resort, it enjoys easy access to nearby uninhabited offshore reefs and islands for those who want to get away from it all.

Cape Verde wind farm due to be operational in August

Cape Verde has very little capacity for producing its own energy as it has no fossil fuel resources and has a high dependency on imported fuels. The country is addressing this need by building wind farms, as it is one of 15 countries identified as having the best wind resource in Africa. The Monte Sao Filipe wind farm in the city of Praia is due to be operational in August, according to Cape Verde's director-general for energy.

Apparently essential parts for assembling the wind farm, representing an investment of €16 million, are already in the country, and once operational it should provide about 25% of the country’s power production. This equates to around 110 GW of power every year with an installed capacity of 10 MW. The wind farm is being funded by the government, African Development Bank, the European Investment bank, Finnfund, Infraco and Electra.

Renewable energy projects in Cape Verde include building similar wind farms on the island of Boa Vista, Sal and Sao Vicente. Overall, €63 million will be invested in wind farms, providing a total capacity of 28 MW.

Cape Verde actually has a good capacity for renewable energy, both wind and solar, with specialists suggesting that a small energy farms spread all over the country would be more effective, as transportation and distribution costs between islands could be high because the islands are not electrically interconnected. The electricity demands of the islands have been steadily growing alongside tourism, and considerable growth is expected during the coming years with more planned developments taking place, and better infrastructure.

Monday, 13 June 2011

Happy with That? Turkish Election Goes as Planned

With an 87% turnout and 97% of votes valid, few can deny that the Turkish election was a success. Nor can anyone deny the popularity of the AKP party, after they won with a massive 49.95% of the votes.

The AKP party wanted 330 seats to give them a super majority in parliament. This would have allowed them to make the changes to the constitution laid out in the constitutional reform bill without needing support from opposition members. With 326 seats they will need a little support if they are to get the changes through.

If the comments on leading Turkish daily newspaper Hurriyet Daily News, are anything to go by, the population is generally happy with the result.

"That landslide victory for Erdogan proves that Turkish people voted for economic prosperity, social cohesion and democratic reform. Bravo!!," says a guest commenter calling himself Konstantinos.

"The public is happy with the result...It will make a great impact on turkish economy because Turkish economy was requiring stabilisation," says another calling himself Sarf.

The Turkish economy is booming and the country's population are prospering, of course they (the majority of them at least) want the prosperity to continue.

The AK Party has always shown eagerness to boost foreign investment in Turkey, including to make it easier for foreigners to buy property in Turkey, so obviously we are happy with the result as well.

Saturday, 11 June 2011

Why invest in Cape Verde?

Cape Verde has the advantage of being close enough to Europe and the UK for people to visit for a few days or a week. It's just a five-hour flight away, but enjoys year-round sunshine as it is on the same latitude as Barbados, and in fact it is often called the European Caribbean.

It's an excellent choice for anyone who wants to visit an affordable tropical destination, and with the credit crunch really beginning to bite it is likely to become more popular with holidaymakers looking to stay closer to home. Many popular locations such as the Canary Islands and Spain have already seen substantial rises in tourism numbers, but Cape Verde has the advantage as it offers something different.

The government has already invested significant sums of money into improving the infrastructure and has a tourism strategy plan in place, with the aim of increasing tourist numbers to 500,000 over the next couple of years. It looks as if they are well on course to achieve this, and these increased visitor numbers will obviously have a positive effect on the property market.

The islands are being quite carefully developed to ensure that the natural beauty and charm is preserved, and the resorts and apartments are definitely aimed at more upmarket tourists. Investors can choose to buy fully managed properties that offer substantial yields, while the initial investments are still pretty low. These luxury developments often come with five-star amenities such as a spa, gymnasium, restaurants and shops. These types of properties are also suitable for SIPPs.

Saturday, 4 June 2011

Buying a Holiday Home in Cape Verde

Cape Verde is increasingly being feted as an investment hotspot, and does make the ideal place for a holiday home or rental property. The good availability of international flights combined with carefully planned developments will ensure this archipelago is soon firmly on the tourism map.

Cape Verde consists of 10 main islands and five islets and has a hot and dry climate with periodic droughts. Although the islands are volcanic there is only one active volcano which is Mount Fogo on the island of Fogo. It last erupted in 1995.

The government of Cape Verde is stable and overall the people are friendly. The islands have good health services and low crime levels. As yet Cape Verde is only just becoming established as a holiday destination, and the government has offered extensive tax breaks for developers and foreign investors. This has resulted in a number of new upmarket developments, and tourism numbers are gradually rising.

One of the major attractions of the islands is the excellent watersports, but it's also being marketed as a family destination and there is a growing interest in the development of eco-tourism. A lot of the development is being bought off plan either by people looking for a second home or by buy to let investors.

There is quite a range of prices according to the island, as each island has its own unique character. The most popular and well developed islands are Santiago, Boa Vista and Sal. As it is still very much an emerging destination prices are very reasonable, especially when compared to nearby European islands such as the Canaries.

Monday, 30 May 2011

Cape Verde Mega-Developments Indicative of Changed Industry

As many of you will know, The Resort Group just opened its Tortuga Beach and Spa Resort on Sal Island in the Cape Verde archipelago off West Africa. In the announcement of the opening the firm announced another development that it is currently building right beside Tortuga. The 1,210 unit Dunas Beach resort is twice the size in more ways than one. We have also learned that the group plans to build a luxury hotel resort between the two developments.

This is indicative of how the overseas property industry has changed in the past few years. Whereas before the crisis, emerging markets like Cape Verde would be peppered with small developments from small to medium sized enterprises, now we are seeing larger resorts, multiple resorts in the same area by the same developer, and resort villages by developers working together.

This is undoubtedly because of the mergers and acquisitions made at the height of the crisis, as bigger companies found strength in numbers, and smaller ones accepted low prices to avoid bankruptcy.

This could be seen as both good and bad for consumers in the overseas property industry: good because the market is now dominated by large companies, which are reputable and make purchasing property safer, because there is a smaller risk that they wouldn't be able to make refunds in the event of trouble. Bad because fewer companies means less competition and therefore higher prices.

The Resort Group's huge resort on Cape Verde also shows off another trend, the one of increasing quality. Between the three that area of Sal Island will be home to one of the world's finest resort village community, hands down.

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