Overseas investment: 5 reasons to choose Cape Verde

Overseas investment: 5 reasons to choose Cape Verde

With just a few months until the opening of Llana Beach Hotel in Cape Verde, The Resort Group PLC has revealed that just a few properties are now left to buy.

The majority of the 601 luxurious hotel suites on the adult-only resort development have been snapped up by investors interested in high occupancy resorts that can deliver positive rental returns.  
 
The remaining properties start at €155,500 and are both elegant and stylish – guaranteed to make a fantastic rental property for holidaymakers in Cape Verde. Most notable is the duplex suite, which is available to purchase for €238,000. Set over two floors, the suite has a balcony with a Jacuzzi that offers panoramic views across the resort and the ocean.


Looking for a new property investment? The Resort Group PLC shares five facts about the property market in the archipelago.

1. Cape Verde tourism is thriving. The actual and forecast growth in the number of tourists visiting the islands is creating a high demand for rental property from private villas right through to beachfront holiday resorts. For as long as people continue to travel to Cape Verde, which the World Travel & Tourism Council reports, the buy-to-let property market will continue to grow.

2. Most properties are situated in resorts. While there are some small boutique and independent hotels, the majority of holiday properties in Cape Verde are located on self-contained resorts. Big players like Meliá Hotels international are capitalising on the demand for high quality accommodation on the islands.

3. Cape Verde is protected from overdevelopment. As with some overseas property markets, there is the potential for overdevelopment in the future, and a destination can lose its original charm and appeal, resulting in less demand and an excess of supply. The Cape Verdean government however has strict legislation in place that only allows low level and low density projects to proceed, which protects the look and feel of the Islands, and restricts the number of properties that can be built.

4. Management schemes are available to increase investment success. By signing up to a buy-to-let management scheme, investors are supported on all aspects of running an overseas property from advance holiday bookings through to property maintenance. Those buying a property on a resort run by a well-known operator can join a hotel management scheme which offers the same benefits and more. Such resorts are marketed on a global scale through travel agents and tour operators, meaning their properties are more likely to see high occupancy levels.

5. Sal is the most popular island for property investment. The success of the holiday property market in Cape Verde is largely driven by the increasing number of visitors to Sal. Two of the island’s largest resorts, MELIÃ Tortuga Beach Resort and MELIÃ Dunas Beach Resort & Spa, have attracted over a million tourists combined. Some property developers are now looking to build resorts on the island of Boa Vista, which is earmarked to become a new overseas property investment hotspot.

Rich Moore, UK Sales Director at The Resort Group PLC, said: “All of our suites come fully furnished to the highest possible specification and our range of furniture has been approved by our hotel management partner, Meliá Hotels International. Combined with the unrivalled views and activities that Cape Verde offers, Llana Beach Hotel will provide guests with the most indulgent and unforgettable holiday experience – which in turn means investors can be sure their property will deliver the rental returns they would expect of a high quality hotel.”

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

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brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

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IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

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IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

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cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

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Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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