Money transfer for Cape Verde property 'still appeals'

International money transfer to facilitate property purchases in Cape Verde may still be taking place, as one commentator has argued the region is recovering ahead of its competitors.

Sales director at Emerging Real Estate Robert Medd said that now is a suitable time for foreign investors to buy property in Cape Verde.

“Cape Verde will escape a lot of [the downturn] because it’s got so much more to offer in terms of all year round weather, easy flights [and] only being two hours behind GMT.

There is also the option to undertake an international money transfer to invest in a Cape Verde hotel, Mr Medd suggested, noting that some people may be choosing to invest their pension in such developments, as they have the potential for “some real growth”.

His comments follow research published earlier this month by Cape Verde real estate agent Noscasa which suggested that buyer confidence is now returning.