Off Plan Property In Cape Verde

Buying off-plan property in Cape Verde is widely acknowledged as the next big thing in overseas property. Learn here why off-plan purchase in Cape Verde is such a beneficial option.

• Off-plan purchase offers investors the ability to buy at the lowest possible price to achieve maximum returns on investment.
• Many investors keep their property for a number of years and receive excellent rental income. Meanwhile they enjoy a beautiful holiday home and watch the value of their property increase steadily.

Off-Plan Property in Cape Verde

Off-plan villas, townhouses or apartments can be purchased as investment property in Cape Verde, offering beneficial payment schemes which are carefully vetted by the International Property Investment Network (IPIN). In this way investors deal with the most reputable and secure development companies that operate in your favoured location on the Cape Verde islands. Payment schemes currently on offer allow you to buy property off-plan, ie. before or during construction when the price remains low, with average down payments of 30% that can often be spread over 18 to 24 months.

By the time the property is finished, prices rise due to market forces and the greater general appeal of a completely finished property that is ready to move into. Investors therefore sell the property on to another property purchaser and in doing so enjoy some excellent returns on investment whilst never having paid the full purchase price. Analysts are predicting a 70% rise in prices over the next 18 to 24 months for many off-plan properties in Cape Verde.

Investors should however exercise due diligence and choose wisely, making sure their off-plan property in Cape Verde is located in an area where they will resell quickly and easily or where there is a high rental demand for their buy-to-let option. With an off-plan investment, even in the worst case scenario if the property cannot be sold upon completion, the final balance due can often be financed by the developer himself. Furthermore, the rental income may pay off the finance of this loan and yield further eventual return on investment.

How can property be cheaper if bought off-plan – How does it work?

In order to limit financial risk and debts, the developers of any project will wish to sell units off-plan. They understand that if buyers cannot see a physical property at the beginning, they will demand a lower price, while relying purely on the developer’s reputation, the property location, artistic impressions and computer simulations on which to base their decision to purchase.

In addition to the excellent off-plan price, some highly beneficial finance structures are in place. You sometimes need to pay only around 20-40% of the purchase price in the form of a deposit, while the rest is payable upon completion. This may be financed by a mortgage if necessary.

Whether it is an off-plan villa, townhouse or apartment you decide upon in Cape Verde, you will need to build a strategy to adopt in order to achieve your return on investment. Our experts will help you to choose the most appropriate plan, creating an investment programme to suit your needs, whether this is "pure investment" "or buy-to-let " strategy. We will also assist you in finding the most appropriate location in Cape Verde to suit your investment needs.

Maximizing Profit From Off-Plan Investment in Cape Verde
The Process of Price Increase

1. Purchasing early
   Prices never remain low for long and, as construction progresses, prices begin to rise steadily. In Cape Verde, as in any other market, it is important to buy your villa, townhouse or apartment as soon as possible during the early stages of development when prices remain very competitive but are already beginning to rise. Early investors will invariably see the greatest returns.
2. Purchasing the best units
   Early purchase of off plan property in Cape Verde allows investors to choose the most sought after properties on any given development. The best units always offer higher capital appreciation in the smallest time frame and can often demand the greatest rental incomes. Penthouses are often firm favourites.
3. Price increases as development matures
   As the development begins to be constructed, the value of the units begins to rise. A completed show home is normally available for viewing at this stage, while buyers are taking less of a risk as they now do not need to rely completely on plans.
4. Price appreciates as more units sell
   As more units are sold, the price of the remaining units rises. Units sell faster when buyers are able to physically see them. There is often a phase payment structure in place which mirrors the increasing value of the properties. To the early investor this means that, should you decide to sell your property, it will be worth considerably more at this stage than when you made your initial purchase and paid the 30% deposit.

Investors are currently making some excellent investment choices in off-plan property in Cape Verde and we are dedicated sourcing the best investment options for your particular needs. We will gladly help you generate personal wealth through safe and intelligent off-plan investment property in Cape Verde.

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