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Cape Verde 'improves property registration process'

Date : (News Section: Cape Verde)

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Cape Verde 'improves property registration process'

People buying a property in Cape Verde are likely to discover that the process has become easier over the past 12 months.

According to the Doing Business 2012 survey published by the World Bank and International Finance Corporation, the country has made improvements to its real estate registration procedures.

The nation has introduced time limits for the land registry and notaries in a bid to speed the process up and prevent unnecessary delays, the research showed.

Cape Verde is now ranked 61st out of 183 nations when it comes to registering property, with the average amount of time it takes to carry out the procedure now 31 days.

Meanwhile, it costs approximately 3.9 per cent of the real estate asset's value to officially register it with the relevant authorities, the study noted.

A survey published earlier this month by Owners Direct revealed that the number of enquiries from Brits looking for homes to rent in Cape Verde this Christmas has increased substantially.

The organisation has experienced a 70 per cent rise in the number of queries so far this year about visiting the islands for the festive season compared to the same time in 2010.
 

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Article by +James Roberts on behalf of Propertyshowrooms.com

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