A villa on the Cape Verde Islands would satisfy many a property purchaser's dream. Below is an account of the current situation in Cape Verde's villa market.
Villas are currently much sought-after property in Cape Verde. With the main development emphasis being on volume and subsequently apartments, those in search of a high-end investment have only a few exclusive projects to choose from.
A typical trend when investing in a villa on the islands is to purchase a plot early in the development process of an area and then purchase the villa later on once an infrastructure is in place and building designs have been finalized. This results in extended payment structures, the option to sell your plot prior to villa construction and even the opportunity to make private construction arrangements with an outside contractor. Although you will find very few ‘Villa Only’ developments on the islands, you will find projects that include villas as well as apartments and townhouses on the same resort.
As with any type of unit construction on the islands, there are strict criteria which need to be adhered to in the design of both resorts and the properties themselves. In the majority of areas, frontline beach property can only consist of a maximum of one storey, while second line has two stories and third line can go up to four or five stories. This legislation can only be good news for those in search of villa investments as the main property type to be found on front line beach areas will indeed be villas.
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