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Cape Verde Investors to Benefit from Growing Economy

Article Date : Wednesday, January 30, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The investment potential of Cape Verde is set to be boosted by further economic growth, according to experts.

Estimates from the International Monetary Fund (IMF) suggest that the country's gross domestic product will go up by 7.7 per cent this year, reports MacauHub.

The organisation has already estimated that the overall figure for 2007 will come to 6.9 per cent, which means the speed of economic growth in Cape Verde could be set to increase.

This could potentially enhance the appeal of the west African archipelago among overseas property buyers, as it is a sign of an expanding and thriving market.

Cape Verde has already become popular in recent years because of its many natural attractions, such as its attractive scenery, beaches and consistently good weather.

Earlier this month, Cape Verde was praised by Paul Collins of the BuyAssociation website for offering both a growing housing market and tourist sector.

He said this made the country an ideal place in which to invest in property.
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