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Cape Verde is home to a growing property market – immature and yet to reach anything like its expected peak. Properties can be had for bargain prices and these costs are sure to rise as the country becomes more of a tourist hotspot, which it certainly will if the Cape Verdean government get their wishes. The key word for potential off plan investors looking at the islands is opportunity – it is everywhere through Cape Verde, and whilst it isn’t a guarantee – it never is – it certainly looks to be a market to jump on before things get out of control. The country itself is one of stunning natural beauty, sure to attract more people as word spreads about this generally undiscovered gem. The exotic location is home to a wonderful year-round climate and living costs are low, so the necessities of everyday life don’t have to fall by the wayside. The people are friendly and the powers that be are actively encouraging foreign investment – Cape Verde really is a country where there is a need to strike whilst the iron is hot. Some property experts are touting Cape Verde as ‘the new Canary Islands’ and the country has been the focal point of features online and on television – since then, popularity has been steadily increasing and the current infrastructure in place for tourists has had to be completely reworked, as the islands simply couldn’t cope with the amount of people coming in. Even though this is the case, there is still more than enough opportunity for a potential off plan investor to take advantage of the highly competitive pricing of land and property in the country.
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