Cape Verde 'great place to invest'

Property investors have been encouraged to make a money transfer and take advantage of good-value homes in Cape Verde.

Adrian Lillywhite, managing director of Cape Verde Property, explained how houses in the country are "much lower" in price than comparable areas of the world.

He claimed that similar island destinations like the Canaries and Caribbean do not have properties available for such value.

"At the moment, it is still possible to purchase top quality properties either directly on the beach or just a short walk to [and from] the beach," Mr Lillywhite stated.

Another attractive feature is the limited space for development, with the expert describing how the islands are small.

Therefore, it was suggested the "good locations" along the beachfronts will "always be sought after" among investors.

According to Mr Lillywhite, Cape Verde is a good place to buy a second home or property to rent as it is both politically and socially stable, which is "very important" given the recent issues in northern Africa.

Another positive feature is the short travel time from the UK, as those making the journey can do so without developing jetlag.

Unlike, the Caribbean, the islands were noted as being safe from the threat of natural disasters such as hurricanes.

This may be a particularly strong selling point for some individuals following the current coverage about Hurricane Irene, which is bound for the east coast of the US.

The weather front has already damaged large parts of Puerto Rico and mass evacuations have been ordered across North Carolina.

Finally, Mr Lillywhite described how Cape Verde offers investors the chance to maximise year-round rental thanks to the sunny, warm climate and an increasing number of airlines are offering flights to the country.

Posted by Sarah Pitton

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