Sunshine all year round. Low cost of living. Affordable new build developments.
Over the past decade Cape Verde has become one of the most popular global property investment hotspots. After a series of successful developments on Sal island, construction for the White Sands development is now well under way on the equally popular Boa Vista island.
But really, outside of the dream of owning your own holiday home, why would you invest in Cape Verde?
Well, below you can find the fundamentals that make Cape Verde a strong investment AND your own place in the sun.
12-7-5… Your Financial Returns
Our chosen partner for Cape Verde property investments have one of the most compelling assured return offers from any developer, either in the UK or overseas.
Here’s the breakdown:
12% Assured Returns During the 18-24 Months Construction Period
7% Assured Rental Returns Upon Construction Completion
5 Year Rental Returns Guarantee
Or put another way, that’s £17,000 profit over five years on a £40,000 investment!
This breaks down as:
£7,200 interest returns during an 18-month construction period
£9,800 interest returns for the remaining 42 months
After five years = £17,000 returns, plus you own the asset
*Representative example, assuming construction is completed within 18 months.
Our chosen partners, The Resort Group PLC, are one of the most established and proven overseas property developers available.
Here’s some reasons why:
· One of the largest employers in Cape Verde, with Government support for overseas investment
· “BBB-” ARC credit rating, advising investors The Resort Group as a company is a stable medium and long-term investment
· Three previous successful developments make The Resort Group a proven and established developer within Cape Verde
Underwritten by TUI Travel PLC
TUI Travel PLC, previously Thomson Holidays, underwrite a minimum of 57% occupancy.
A FTSE 100 company, this revenue agreement covers a three-year period between November 2016 – November 2019 with a two-year extension option built into the agreement. This agreement is in place to ensure the commercial practicality, delivering a minimum of 1 million tourists to Cape Verde across the three years.
The existing three-year revenue agreement is worth up to €258m in hospitality revenues, ensuring the minimum occupancy across all completed and operational resorts and contributing to your assured returns.
Major Airports and Regular Flights
You can now catch one of up to 20 weekly direct flights to Cape Verde from the UK major airports, including London Gatwick, Birmingham, Manchester and Glasgow.
Located off the northwest coast of Africa, Cape Verde is a grouping of islands that can be reached by direct flights from the UK to either Sal island or Boa Vista island within approximately six-hours.
This makes your investment easy to reach whenever you want to visit.
European Property Law
A former Portuguese colony, Cape Verde has adopted Portuguese property law, giving you peace of mind that your investment is protected.
Between our partners and ourselves we have a network of recommend solicitors and a professional property lawyer.
You can also find more information on Portuguese property law on the Rightmove website here.
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