A stable economy

The economy of Cape Verde is out-performing all expectations, the IMF previously predicted growth of around 6.5%, but it has reached 10.8 per cent. This coupled with £1.5bn private investment spread over the next five years this trend looks set continue.

Investment incentives

The Cape Verde Government offers tax exemption grants for a period of five years to foreign investors. Investors can also benefit from the currency being linked to the Euro, which will enable buyers to take advantage of Euro mortgage. This is predicted to be available from next year.

Investor confidence

Property prices have already increased by 15 per cent since 2006, together with strong economic growth and a fast growing tourism industry, average property price is expected to soar by over 75 per cent in the next five years. There are also low prices on the island for new-build properties, an increasing number of flights and increasing tourist demand – all of which will boost investment potential during 2008. Rentals too should prove excellent as this is a year round destination due to its constant good weather and therefore empty periods can be avoided

UK’s closest tropical island

Cape Verde is UK’s closest tropical island and as the island lies due south of the UK with only a two hour time difference, visitors can travel there within 5½ hours from London. Cape Verde is now seen as first-rung winter sun destination - and is considerably closer than the Caribbean.

Improved Infrastructure

The authorities have approved projects totalling 150m, Sterling, which has been invested in two new internationals airports, roads, energy resources and education.

Top tourist hotspot

Tourism in Cape Verde has been increasing every year by 25% and this is expected to rise even further as development continues.