Cape Verde property owners 'to benefit from investment'

Article Date : Thursday, September 20, 2007

Major investment by foreign consortiums on the Cape Verde islands is likely to directly benefit overseas property owners.

Although some of the money is being ploughed into the construction of new hotels, the wider population, including tourists and investors, will be able to take advantage of the associated infrastructure improvements.

Foreign consortiums are investing in Cape Verde to cash in on its emergence as a popular holiday location and possible attract more tourists to the region.

Some of the money is being invested in new power generation systems, while many people will be able to reap the benefits of an improved road network, reports Macau Hub.

Meanwhile, the overseas investment is likely to have a positive impact on the more run-down parts of Cape Verde, as it could trigger regeneration and possibly tourism in hitherto overlooked places.

The report comes shortly after Emerging Real Estate said that it had "huge expectations" for the property market in Cape Verde, due to its appeal among investors.

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Cape Verde property owners 'to benefit from investment'

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