Investing in Cape Verde

Cape Verde is the new tourist destination where many international real estate investors have directed all their attention to. Heavy tourism investment as well as foreign property investment offers an ideal environment to reap good returns on investing in Cape Verde. The government of Cape Verde is supporting the need of international investors to invest in the region as this will promote overall economic growth by creating jobs and capital investment. Particularly, the government is very keen for investors to finance the development and growth of the hotels sector and visitor accommodation in the region.

The four earmarked islands for tourist development include Boa Vista, Sal, Santiago and Maio and today, these islands have become popular investment opportunity for Irish and British investors as major developments are currently underway. Over the next years, Sao Vincente and Santa Antao islands will be the ideal areas to invest in Cape Verde as the islands are developing as the tourist numbers continues to increase rapidly in Cape Verde and it has been estimated that the figure will be approximately one million every year by the year 2015.

As a way to promote foreign investment, the latest legislation provides foreign investors with a benefit of owning land outfight as well as enjoying long tax holidays plus reductions to tourist operating businesses. Other types of incentives offer business owners the opportunity of transferring all the net revenues earned from their businesses back to their home country.

As years go by, the islands of Cape Verde will continue to be the destination of choice for many tourists and the tourism infrastructure will become more developed, this will lead to an increase in the prices of property and land. Therefore, any foreign investor willing to invest in the region has the best opportunity to invest now as it is still growing before it becomes fully established as one of the best international tourist destinations.

At the moment, Cape provides investors with the desirable opportunity of purchasing land as well as quality property in one of the prime locations in the region. The islands in the region continue to experience an enormous tourist boom and this will lead to an inevitable impact on all timely investments in real estate in Cape Verde.

For investors who are searching for a property investment alternative to Europe, the emerging markets in the region provides the perfect opportunities as properties in the region posses a strong rental potential and can also be found at attractive prices.

Natural and cultural factors which promote investment in the region include warm, sunny weather experienced all year round, attractive beaches, exotic tropical plantations and beautiful mountains, affordable holidays and low living costs among others.

Main economic factors facilitating investment include huge potential of growth in tourist industry, new international airport, and strong public as well as private investment, up to three years guaranteed rental schemes, expected increase in the value of property, stable democracy that supports foreign direct investments and the early stage of development in Cape Verde makes it a perfect time to invest.

Holiday & Travel Guide For Santiago, Cape Verde

Sightseeing

Santiago is one of the larger islands in Cape Verde: Cidade Velha has the 15th century ruins of what was once a magnificent cathedral and fort and there is also a delightful museum exhibiting the city’s history. You could possibly explore the whole of Santiago within a couple of days, with its many small traditional villages and wonderful botanical gardens, with cobbled streets and very scenic areas to leisurely explore. The national Maritime museum in the nearby town of Cabo Verde is well worth the visit; it houses treasures that have been retrieved over the years from ship wrecks around its islands. Even though this is a reasonably small island, there are still plenty of activities for tourists such as, but not limited to, bird watching and nature walks. Praia is the capital of the island and is quite a busy, bustling and crowded town. You can hire a small boat and explore the other islands in the Cape Verde if you wish to get out and about, they’re not that far apart and the scenery of these volcanic islands are wonderful.

Beaches

There are many beaches around Santiago Island, but many of them are dark in colour from the lava sand that makes them. They don’t look very appealing and once they are wet they’re very muddy, but you will find two very nice golden beaches with clear waters in Tarrafal and Sao Francisco, these offer water sports like sailing and wind and kite surfing.

Eating

The majority of the cuisine here is mostly Creole and Portuguese influenced. There are many fish dishes, as the islands are plentiful with sea life such as octopus and tuna. Stews and rice meals are the norm, but you will find restaurants serving pizza and Italian restaurants are found in some of the larger villages. Be warned, the islands are very laid back so don’t go to the restaurants expecting to be served quickly, you will need a few drinks before it arrives to the table, but it is well worth the wait.

Shopping

If you’re looking for a shopping heaven then you won’t find it in the Cape Verde Islands, at the most you will find necessary items, and the usual local hand crafted tourist gifts like jewellery, pottery and basket woven items and cloth are available everywhere. If you don’t mind a busy and crowded area, then the open local markets around the island are extremely colourful and the friendly local people do make the market visit quite an experience.

Nightlife

Local live music entertainment is the main attraction and is mostly found in the hotels, there are no lively vibrant nightclubs though, it is very low key and you will mostly people watch whilst having a drink at the local bars. There is music all around the island but there is no techno or upbeat rhythms unless you have brought along your own ipod; you will find the local music is traditional soulful Creole music that is a combination of guitar and violin.

Happy Holidays

The Best Portfolio Of Overseas Property You Will Find

Choose Brooksfeller International Property and you have the peace of mind of an established overseas real estate agent helping you find your new home in more than ten countries, including: Barbados, Cape Verde, Dominican Republic, and St Vincent.

They are committed to customer care and client satisfaction always aiming to ensure you have a relaxed and enjoyable experience from purchase onwards, including support from our comprehensive after sales team.

Most important of all, they can offer you the best portfolio of overseas property you will find. Beautiful new and resale homes in a stunning range of locations around the world. Villas, penthouses, townhouses, apartments, terraced houses, traditional dwellings and plots, for your holiday home, retirement or purely for investment.

Barbados

The Merricks development is perfect for any investors looking for blue-chip property offering very good yields and considerable capital gains. Also, in addition, you will have the chance to holiday on one of the most beautiful and desirable islands of the world.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

To learn more about Brooksfeller’s developments in Barbados www.barbados-real-estate.co.uk

Cape Verde

With stunning views, crystal clear waters, breathtaking tropical landscape and velvety, white sandy beaches it is not hard to see why Cape Verde has just come 2nd in the top 20 locations in the world, judged on its beauty and exclusivity. We at Brooksfeller International have a wide range of property throughout the islands, and here is just a small selection of the property available.

1. The Cape Verde Islands are very attractive for holiday makers, property investors and businesses alike, here a just some of the reasons why.

2. Excellent rental income – the perfect all year climate with virtually no rainfall will allow for year long holiday rentals.

3. Fiscal Incentives – Exemption from corporate and complementary taxes on profits for 10 years, starting from the date operation begins, afterwards the maximum tax rate imposed will be 15%; Tax holiday on dividends and profits paid to shareholders for 10 years from the date operation begins; Life exemption from indirect taxes.

4. Europe’s closest tropical islands – known as Europe’s Caribbean

5. Excellent property prices – Cape Verde beach apartments from €40,000.

6. Over 50% increase in property value over the next 24 months expected.

7. Exchange rate value of local currency is fixed to the Euro.

8. Tourist development – The government has earmarked 4 islands for tourist development – Sal, Boa Vista, Santiago and Maio, and major developments such as the new Vila Verde, Sambala Village, Djedsal Moradias and Santiago Golf Resort are all proving extremely popular with British property investors.

To learn more about Brooksfeller’s developments in Cape Verde www.property-cape-verde.co.uk [http://www.property-cape-verde.co.uk]

Dominican Republic

Situated between the North Atlantic Ocean and the Caribbean Sea, the Dominican Republic borders east Haiti and occupies the eastern two-thirds of the island Hispaniola. Santo Domingo is its capital and contains many colonial buildings (it is the new world’s oldest capital) which have been carefully restored to their former beauty, to retain their charm. Many intriguing structures have survived for over 500 years from the 16th century and the Spanish architecture that resided there.

Huge reform processes have taken place in the Dominican Republic in recent times and is currently undergoing large government investment in infrastructure which has created a fantastic climate for investment. Tourist numbers have risen greatly in recent times and to such an extent that the country is now one of the major tourist attractions in the Caribbean; so great in fact that it actually accounts for over 1 billion US $ in its annual earnings.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

To learn more about Brooksfeller’s developments in the Dominican Republic www.dominican-republic-real-estate.co.uk [http://www.dominican-republic-real-estate.co.uk]

St Vincent

The Caribbean Island of St Vincent is stunningly beautiful with most of the island remaining untouched through tourism. This magnificent island is off the beaten track and is the perfect place to relax and enjoy the benefits of living in a Caribbean paradise. It is also an incredible investment opportunity with great short-term returns guaranteed and incredible long-term returns predicted.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

5. Construction in progress, project Due to complete in 2008

6. Capital growth of 30% per annum is predicted for the next four years

To learn more about Brooksfeller’s developments in the St Vincent www.st-vincent-real-estate.co.uk [http://www.dominican-republic-real-estate.co.uk]

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