Cape Verde "to make big impact"

Article Date : 27 June 2007

Cape Verde is set to make a "big impact" on the global property market according to a new report.

Assetz claimed that new mortgages are likely to create a number of opportunities for investors, while property prices are currently affordable, yet demonstrated 11 per cent growth last year.

Additionally, new routes to the region operated by low-cost airlines are expected to boost the local tourism trade, which may be of benefit to those considering purchasing an investment property abroad.

Stuart Law, managing director of the firm, said: "Cape Verde is looking like a very interesting prospect, as tourism levels soar and the introduction of mortgages opens the floodgates to investors."

However, investors ought to ensure that there is strong demand within the rental sector and take a long-term view of their investment, he added.

Earlier in the month, HiFX announced that it intended to extend its range of insurance products to include Cape Verde due to growing demand from investors.

Cape Verde "to make big impact"

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