Cape Verde 'offers massive rental returns'

Article Date : Wednesday, September 26, 2007

Overseas property owners in Cape Verde could get "massive" rental returns on their investment, according to experts.

GEM Estates said that since the island has warm weather for 12 months of the year, investors could potentially let out their properties for longer than they would be able to in other emerging markets.

Carley Todd, spokesperson for the firm, commented: "Cape Verde is on average 25 degrees all year round so max rental returns will be achieved."

She also said that whereas rental figures in most emerging markets were based on estimates of 25 weeks per year, investors in Cape Verde could realistically expect up to 40 weeks of rental income.

Ms Todd added that the islands had three international airports, allowing easy access for holidaymakers from Britain.

This comes after World Investment Services said that buying property in Cape Verde could be highly lucrative.

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Cape Verde 'offers massive rental returns'

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