Insurers boost Cape Verde property sector
propertyshowrooms.com, 5 June 2007
www.propertyshowrooms.com
Britons looking to invest in overseas property hotspots such as Cape Verde and Morocco have been boosted by the announced that insurers HiFX is extending its range of cover to those locations.
The firm said it was responding to increased demand for foreign property by opening up its protection to a number of other countries.
Citing the 800,000 UK households that now own a property abroad, the firm noted that differing regional practices made it important to insure overseas investments.
Adequate overseas property insurance is essential to safeguard the viability of your investment. Storm damage and burst pipes rank amongst our most common claims," advised the firm's managing director Mark Bodega.
"Overseas repairs can be expensive and, in order to protect your investment, it is essential that any material damage is repaired by trustworthy skilled tradesmen," Mr Bodega added.
Cape Verde is also set to benefit from the launch of a new direct route from London Gatwick to Boavista, with flights set to commence this summer.