Real Estate & Funds News in Cape Verde from Propertyshowrooms.com

Cape Verde sees economic growth

Thu, 6 Mar 2008 00:00:00 GMT

A global body has recorded a positive rate of growth in Cape Verde's economy, according to a media report.

MacauHub stated that the International Monetary Fund (IMF) considers the country's recent performance as "satisfactory".

A representative of the organisation stated that Cape Verde has met its fiscal targets and that the outlook for the future is favourable.

The verdict was revealed after an IMF delegation met with members of Cape Verde's finance and public administration ministry.

Earlier this year, the organisation predicted that the west African archipelago would see economic growth of 7.75 per cent.

This was said to largely driven by the development of its tourist sector, as well as investment in the country's public infrastructure.

The IMF's comments could help to encourage overseas investors to consider property in Cape Verde as a possible market in which to tie up their money.

In recent years, the islands have attracted numerous forms of investment from abroad, particularly in its real estate market.

Cape Verde Investors to Benefit from Growing Economy

Wed, 30 Jan 2008 00:00:00 GMT

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.