Investors 'Find It Easier To Get A Cape Verde Mortgage'

Article Date : 15 January 2008

Recent changes have made buying property in Cape Verde easier. They have changed their buying system to make it easier to get a mortgage in the country, an expert has stated.

Catherine Hearnden, director of MyMortgageDirect, stated that since it is a "young market", it has only a limited selection of products available.

However, she said Cape Verde is now changing and offering more good deals to investment property buyers, including investors from overseas.

Ms Hearnden commented: "They're starting to make refinements, more in line with what we'd expect."

She added that this has been largely due to the influence of more and more people moving in, as it has created strong demand for good mortgage deals.

In addition, she said that financial providers were now required to move at a similar pace to property developers.

Earlier this month, Cape Verde was praised by Paul Collins of BuyAssociation 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.

Investors 'Find It Easier To Get A Cape Verde Mortgage'

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