Cape Verde infrastructure 'sees massive investment'

Cape Verde is seeing large-scale investment in its infrastructure - such as roads and ports - as part of a major public investment package aimed at boosting the economy, it has been stated.

The country's central bank has said that while it will not match the seven per cent growth seen in 2008, the "anti-cyclical policy based on strong public investment" will enable it to enjoy an expansion of between 4.7 and 5.7 per cent in its gross domestic product.

Such a move may help the property industry in the country, by making more areas accessible from nearby airports.

Last month property editor for overseas investor magazine BuyAssociation Paul Collins commented that "in terms of overseas property it tends to be that people like to buy within an hour's drive of an international airport".

He made his comments while noting how a new ring road on the island of Fogo is set to bring more properties and new development sites within this range.

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