Cape Verde Property Market

Jan. 13, 2009 - PRLog -- Liam Bailey a market expert of Property Abroad had this to say about Cape Verde's property market:

" Within short-mid flight distance of Africa, Europe and the America's, and only just beginning to see major development, Cape Verde could easily be the next Spain, in terms of becoming a massively popular market with overseas property buyers, and also massively profitable for overseas property investors. Cape Verde's potential is evident when you look at the types of property available and the prices, luxury 1 bedroom off-plan apartments can't be bought for much less than 70%, but many properties come with guaranteed rental yields upwards of 5%."

"This is because Cape Verde is very much a tourism fuelled market. And with so many undiscovered paradises spread throughout the islands, tourism is expected to see continued growth and so will property values and rental yields. Even though Cape Verde tourism isn't a massive as places like Turkey, because the islands are so under-developed, the current level of tourism brings strong rental demand, and tourism should increase faster than development given the current climate, which will ensure Cape Verde properties will continue to fetch high rental yields."

Azure Overseas has some excellent property in Cape Verde, but according to director Frank Crowley, the Creola Sands Development is particularly special.

An off-plan development of 286 apartments and duplexes, Creola Sands is in a stunning location by one of Boa Vista's highest regarded beaches; Cabral Beach. Apartments in the development come with a 5% guaranteed rental yield, and 1 bedroom apartments start from just £67,000. The resort-style development is perfect for holiday home buyers or investors; it has two outdoor swimming pools, bars, entertainment areas, gym, medical facilities, an internet cafe and a gourmet supermarket.

Azure Overseas have developments throughout Cape Verde, visit the site to find out more.

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About Azure Overseas

Azure Overseas is one of the highest regarded overseas property consultants because of their dedicated after-sales care, and stringent market research/due-diligence. They therefore offer some of the most attractive properties and investment opportunities, largely at the most attractive prices.

To find out more email Liam Bailey at liam@azureoverseas.com or the team on info@azureoverseas.com.