Cape Verde tipped for property boost

Cape Verde's property sector could see a major boost from the tourist industry thanks to the launch of a new inter-island ferry service.

Until now the one way to get swiftly from one island to another in the archipelago has been by air and chief executive of real estate firm Norcasa Paul Akwei said the move could have a major impact.

He stated: "This is a huge opportunity for the prosperity of Cape Verde and for anyone with invested interests in the islands, such as property."

Mr Akwei said it would make travel cheaper and could open up the country more to the under-25s market, particularly as there are activities available like hiking, fishing and kite-surfing.

Cape Verde has already received one potential boost to its tourism earlier this year, when its first ever capital city was declared a UNESCO World Heritage site.

The title was given to Cidade Velha, which lies south of the current capital, Praia.

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