Many Britons are heading to Cape Verde, a former
Portuguese colony, with the idea of seeking paradise - and reports suggest that
they are finding it.
Located around 800 miles south of the Canary Islands,
Cape Verde is sunny, warm and has potential for investors to snap up some deals
before its popularity explodes.
Paul Akwei of estate agents Noscasa told the
Sun that development in the islands had "really taken off" in the past two
years, which is evidenced by the amount of building going on in areas popular
with tourists.
However, potential concerns about the overdevelopment of Cape
Verde were recently dismissed by Simon Walker, sales director for Off Plan
Property, who explained that it was not doomed to repeat missteps taken by other
popular investment areas, such as the Spanish costas.
Noscasa's Mr Akwei also
claimed that the area had enough potential for capital growth that British
investors need not worry about buying in an uncertain global financial
climate.
Purchasing property in Cape Verde means putting money "somewhere
safe", he said, adding that it is certain to be worth more in the
future.
"Prices are low, projected returns are excellent, infrastructure is
being continually improved and there's a wealth of enjoyment to be had," he
enthused.
Meanwhile, those who may still wonder about the potential of
Cape Verde property investment, may
be persuaded by the words of a couple who decided to make the leap from the
gloomy skies of England to the sunny shores of an island in the
archipelago.
Dave and Trisha Hunter from Bogner Regis, West Sussex, described
how they were seduced by Cape Verde's charms and decided to buy a property there
in June 2007.
Mr Hunter said that the value of their
Cape Verde flat apartment has already
increased since they bought it and he predicted that prices will rise even
further in the coming years.
"In four or five years property prices are going
to double or even treble and if you want it as an investment then this is the
place to be," he told the publication.
And Cape Verde's many charms have been
extolled by a variety of sources, from investors to developers to
tourists.
The archipelago has even been described as an alternative to the
Caribbean, due to its extremely agreeable weather; however, it may be even more
appealing to UK investors who enjoy its proximity to Britain - it can be reached
in only five hours by plane.
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