Cape Verde ''offers good return'' for investors


Wed 26th Sep, 17:02:41 BST

Cape Verde is an attractive destination for those thinking of investing in property abroad, according to an estate agent specialising in overseas property.

A group of islands off the west coast of Africa, Cape Verde has started to become popular with tourists in recent years and property experts claim it is now attracting people wishing to purchase a home in the sun.

Carley Todd, spokesperson for Global Emerging Market Estates, said: "Cape Verde is an emerging market because it is largely undiscovered...and still now most people didn''t know it existed."

As well as offering owners an attractive destination for a holiday home, Ms Todd argues that the warm climate coupled with a range of "high quality developments" make the country a good place to invest for buyers who wish to rent their property out.

"Rental figures are based on a realistic 40 weeks per year where as other emerging markets expect to achieve 25, at the very best," she explained.

With direct flights between the UK and Cape Verde taking less than six hours, the islands have been tipped as a good alternative to the Caribbean.ADNFCR-1143-ID-18295348-ADNFCR


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