The Cape Verde, an archipelago of ten islands which lies 300 miles off the west coast of Africa, is one of the most talked about new property markets for many a long year.
By Gordon Miller
Hailed as the new Caribbean because of its palm-fringed, white sand beaches and tropical year round 23C temperatures – but considerably closer to the UK (the flight time is approximately five hours rather than eight or more to the West Indies) – new build developments are beginning to appear on its horizons.
The larger and more developed islands of Sal, Boa Vista and Santiago are seeing the majority of construction. Most developments are being built in an environmentally aware, low density way that has its government’s backing and that is intended to create a sustainable future, avoiding the boom and bust culture that many countries worldwide have experienced. Undeniably, however, buyers are being drawn more by comparatively cheap property prices (to Europe) and guaranteed sunshine than by environmental considerations.
Adrian Lillywhite, managing director of Cape Verde Property Ltd, said: 'Cape Verde has been one of the world’s top hotspots for investment purchases for the past couple of years, and now, along with clients who are solely looking for good medium-term investments, we are being contacted more and more by people purchasing for lifestyle reasons. The holiday market has expanded rapidly which has meant that far more British people are visiting the Cape Verde islands and appreciating the lovely weather, beaches and people.'
Amanda Lamb gives us her top tips for buying abroad in 2009
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