Property / Real Estate
Everything you need to know about buying property in the Cape Verde Islands
Property prices are significantly lower in Cape Verde than in other attractive tourist countries. For a plot of land, a house or a hotel complex, you pay on average a third of what you have to spend on the Canary Islands, for example – and that for a meanwhile decent building substance and a good development of the areas. “Bargains” are still possible in some places, only in Sal or on Boa Vista, the islands with the best infrastructure and international airports, this might be difficult.
Otherwise, as a guideline, a small house with a plot of land can be found for less than 150,000 euros. In any case, with 100,000 – 150,000 euros, depending on the island, you can still buy respectable properties in some places. While on the “boom islands” of Sal or Boa Vista you only get a flat, on Santo Antão, for example, you can expect a small house with about 100 square metres, a sea view and about 200 square metres of garden for a price of 100,000-150,000 euros.
Investing in Cape Verde
Cape Verde is officially among the ten best investment destinations in the world. Above all, there is still an increasing demand for real estate on the archipelago. In regards to transport, some large investors have also signalled their interest. A word of caution: Due to the many regulatory obstacles that are inherent in this industry, it may take quite a while to generate a return on investment here.
The First Investors
The first run on local buildings and land was by English citizens speculating that good investments could be made in Sal, Boa Vista, Maio, Santiago and São Vicente – and they were right.
In the years around 2004, the prices for land, buildings and apartments were still very low. This was due to both the poor structural condition and the region’s lacking infrastructure.
After a continuous flow of government funds and monies from large private investors into infrastructure projects, prices for real estate have now quadrupled in comparison to 2004. The first wave of reselling has already allowed early investors to book profits in the millions.
You want to buy in Cape Verde ?
We help you !
You have a concrete idea of a property, be it a villa, a house, a flat, a studio or a plot of land – we are happy to help you with the search, as well as with the complete processing of the purchase, up to the registration in the land register. We are at your disposal with words and deeds.
Our many years of experience on the islands, our good contacts and our language and technical knowledge can be of great help to you.
Please describe your desired property as precisely as possible:
Type, size, location, island, price, etc. We will send you suitable offers as soon as possible.
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