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Cape Verde A Booming Property Market

Cape Verde(prwindow)- May 27 2008 -The Cape Verde Islands, these once little known archipelago comprising of nine inhabited islands and one uninhabited island is now widely believed to be on the brink of an economic boom.
Cape Verde, May 27, 2008 -- Heavy investment in tourism and increased foreign investment in property and infrastructure create a perfect environment for fantastic returns on investment within this emerging market. With increased direct flight services to Cape Verde from Europe, the islands' true potential as a mainstream holiday destination is confirmed.

When asked about his views on the current property market in Cape Verde, Stuart Hill, a spokesman from Property Zone Direct said;

“Investment in Cape Verde is increasing rapidly and our investors and holiday home purchasers have become aware of its unrivalled potential. Capital growth estimates are currently running above 15% per annum, with higher luxury frontline beach developments reporting increases of up to 20% per annum; this has quickly become our client’s destination of choice!”

The islands offer a great variety of property, one such development that is catching the eye of purchasers is Paradise Beach, on the island of Sal.

The Paradise Beach resort is beautifully positioned on 28 hectares of south-west coastline on the Island of Sal, within fifteen minutes walk of the tourist town of Santa Maria.

The islands only international airport is based on Sal, making it one of the major gateways to the Cape Verde islands; plus the abundance of magnificent white sand beaches and guaranteed sun has turned Sal into a major tourist destination.
Arguably, Sal is the most cosmopolitan island in the archipelago as nightlife abounds, with a choice of bars, clubs and restaurants. The extensive white sanded beaches characterise the island of Sal. This rapidly developing island offers a varied range of hotels. 18 km south of the airport, the town and tourist resort of Santa Maria offers 8 km of white sanded beach and crystal clear waters. Sal has excellent conditions for many water sports, with windsurfing, fishing and diving readily available.

Paradise Beach resort is centred around the 32 suites five star hotel and comprises of:

• 22 exclusive beachfront detached villas with private swimming pools
• 12 deluxe beachfront semi-detached villas
• 188 3-bed semi-detached villas
• 202 2-bed apartments
• 97 3-bed duplex penthouses
• 12 swimming pools dispersed through the residential area of the development
• A five star hotel including bars, restaurants, conference centre, health and beauty spa, Nightclub and internet cafe
• Prices starting at €139,000

“This development has proved to be our most popular with clients”, said Stuart Hill of Property Zone Direct, he went on to say, “With its, qualities, value for money and stunning beach front location, it’s easy to understand why our clients have chosen to purchase there.”
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Stuart Hill
Property Zone Direct
Cape Verde
0800 027 5367


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Stuart Hill
Property Zone Direct
0800 027 5367

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