Growing tourism industry aiding Cape Verde property market
By Steve Binge

Growing tourism industry aiding Cape Verde property market

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The expansion of Cape Verde's tourism industry is having a positive impact on its real estate sector.

According to Adam Cornwell, managing director of Feltrim International, there are numerous reasons why the island nation off the coast of west Africa appeals to holidaymakers, which is, in turn, boosting demand for places to stay.

Mr Cornwell described Cape Verde as a "credible winter sun alternative to the Canary Islands but far more affordable". He added the number of tourists arriving in the nation is expected to reach one million by 2015, which he commented is "fantastic news for emerging market property investors".

There are also opportunities to purchase completed Cape Verde real estate, rather than having to buy off-plan, which makes it a good choice for more cautious buyers, he stated.

Earlier this month, TheMoveChannel revealed enquiries for property in Cape Verde climbed in April, with the destination moving up by three places to become the tenth most popular destination among potential buyers.

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