Island of Sal 'the heart of Cape Verde property industry'

The Cape Verde property sector is being dominated by activity on the island of Sal, it has been stated.

Managing director of Cape Verde Property Adrian Lillywhite said that house sales have taken a dip since the start of the world recession, although tourism is still "emerging" with a six per cent rise in hotel bookings last year.

He suggested buyers need to look beyond the current situation, stating: "People who buy in Cape Verde now have to look at the medium-term view, maybe the five-year view, to be completely convinced that the island's future is really strong."

Mr Lillywhite predicted that the archipelago will have a bright future, while also noting that Sal is the island where most activity is concentrated and where two-thirds of the 150-strong British ex-pat community lives.

Those who might wish to fly to Cape Verde while also investing in France may be interested by news that a new service is to start later this year between Paris and Sal.

XL Airways will fly one plane every Friday from October 23rd, initially until April 30th 2010, Macauhub reports.

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