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.
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