
Set to be among the worlds most acclaimed resorts, the Palm View Resort “will redefine luxury”. Palm View is set on the beautiful unspoiled coast at the magnificent island of Boa Vista. Cape Verde is home to all year round sunshine and the most beautiful beaches in the world. One hour south of the Canary Islands and only 5 hours from the UK and Ireland Palm View is also accessible from most large European cities. Palm View will truly capture the essence of tranquility.
Price increase Structure for Palm View
Currently there is a launch price offering a 10% discount for 2 bedroom apartments and 5% discount for studio’s.
On the 14th of March 2008 the 5% & 10% discount price expires.
On the 25th of April 2008 there will be a price increase by 8%.
On the 3rd of November 2008 there will be a further price increase by 8% compound.
On the 2nd of February 2009 there will be a further price increase by 8% compound.
Financial Gains for early Buyers on Palm View
Taking an apartments listed at 200,000 Euros, with the 10% discount currently in place, the discounted price is now 180,000 Euros.
As outlined above the projected figures are as follows;
14th March: Price reverts back to listed price which is 200,000 Euros.
25th April: Price 8% increase, New listed price of 216,000 Euros.
3rd of November: Price increase 8% compound, New listed price of 233,280 Euros
2nd February 09: Price increase 8% compound, New listed price of 251,942 Euros
At present the current rate of appreciation in Cape Verde is between 17 and 20 % per annum.
If we take a Conservative figure of 15% per annum and with 18 months build time for The Palm View Resort, this gives an added 30% on to the value of the property on completion.
At the rates above, this will be an extra 60,000 Euros on to the value of your property.
Purchase price for early buyer: 180,000 Euros
Value of Property on completion: 311,942 Euros
Return on Investment: 131,942 Euros
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