Overview of Cape Verde

On this page you will find links to details of Cape Verde holiday homes for sale and Cape Verde rental accommodation. There are ten Cape Verde islands of which nine are inhabited. They are divided into Windward (Barlovento) and Leeward (Sottovento and they are located off the coast of Senegal West Africa. Traditionally the industry of the islands revolved around Fishing & Farming. Amongst the crops produced are ; Banana, Coffee, Peanuts & Sugar Cane. Fuel & Textiles are also produced on the Islands. Tourism , is the real growth industry though and many local people are now finding employment within this industry. This islands represent a real island paradise, the weather is good all year round, and cool, ocean currents keep the weather bearable for most Europeans. These islands have had a fairly turbulent history and in 1975 Independence from Portugal was obtained with the help of many outside factions. Today Cape Verde is considered to be politically stable with low rates of crime and an excellent investment opportunity for purchasers of holiday or second homes. Many Investors are viewing these islands in the same way that Spain or even the Canary Islands were viewed over 25 years ago. Prices are very low but development is occurring at a very quick pace and property prices have been increasing at up to 20% per annum. It is anticipated within the next 10 years that Cape Verde will become a major Holiday destination and property is being constructed with this in mind. The government of the islands has been a major force behind the developed of Cape. Verde as a Holiday Home destination, realising its important location with regard to cross Atlantic sea and air lanes, it has set about a major expansion of both its port and Airport facilities, projects that are being partly paid for by the EU and the World Bank, making Cape Verde one of the largest per-capita aid recipients in the world. In any developing property market, the ability to have good international connections is of paramount importance. For most Europeans, these equate to being able to access cheap air fares and these are falling all the time. At the present moment, almost all of the holiday home property for sale in Cape Verde is new build, there is a healthy buy to let market although with a holiday industry very much in its infancy, rental of property on a regular basis cannot be guaranteed, however many purchasers are simply individuals who have recognised an opportunity to buy a holiday home for their own use at a price that can not be obtained pretty much any where else. The government are keen to receive foreign investment and have granted certain tax breaks to companies that have come and started business in the country, in recent years, this has seen a good deal of new hotels & restaurants being constructed.