Maio Tip for Cape Verde investors

The island of Maio is emerging as the best place to buy homes in the Cape Verde archipelago, according to a property firm.

Noscasa said the location is offering "fantastic prospects", with managing director Paul Akwei stating that the domestic market is figuring prominently in investment there.

He remarked: "This is the island where wealthy Cape Verdeans are now looking to buy property because of its secluded beauty and close connections to [the] capital city [of] Praia."

Mr Akwei commented that investment is growing and that now is an "optimum time" to buy there.

The company pointed to the recent news that an inter-island ferry service is launching as a reason for optimism, since this could help boost tourism with cheaper links between different parts of the archipelago for visitors.

Last month, the International Monetary Fund noted that Cape Verde's economy has been recovering well from the global economic downturn, with property investment on the rise again.

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