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The economic development of Cape Verde, one of the fastest growing emerging property markets, investment. In conjunction with Cape Verde joining the World Trade Organisation, WTO, there are various new projects planned for the Islands, including a new airport, and the port of Praia is being modernised and expanded. A great deal of money is coming in from overseas. Private sector investment from the US is expected to be high. Some investors regard it as a cheaper version of the Caribbean.

According to one expert, the government as well as private investors with million dollar stakes in Cape Verde foresee the likes of Sal, Boa Vista, Santiago and Sao Vicente becoming direct rivals to Caribbean islands for tourism and luxury real estate.

The property industry on the islands backs this up. There is a blueprint for the development of the islands to become direct rivals to the Caribbean. Everything is being done to ensure that Cape Verde, the closest tropical islands to the UK and Europe, becomes a high end, long-term, sustainable destination for tourism and luxury grade property

The Hilton Group is developing a sybaritic resort on Sal. They are marketing it as pure five star opulence and they are following hot on the heels of the American luxury hotel and leisure brand Nikki Beach which has already committed to projects on Sal.

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The property market in Cape Verde is set to benefit when the country joins the World Trade Organisation (WTO) on July 23rd of this year. It is expected that this will encourage further investment on the Islands.

Pascal Lamy, director-general of the World Trade Organisation says: “WTO membership will enable Cape Verde to participate more fully in the global economy and will provide the country with a predictable and stable basis for growth and development.”

Investment is already being made in Cape Verde’s infrastructure; the port of Praia is due to be modernised and expanded, and Cape Verde has been granted $110m for infrastructure projects, and work is to begin on the port next October.

There are several major new developments that will interest those looking for premium investment opportunities and since joining the WTO coupled with new flights and ferry services the area can only improve financial possibilities for those looking for ways to make a safe investment.

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Dunas Beach Resort, Santa Maria, Sal is a premium development of new villas and apartments set in a beautiful unspoilt reserve situated just 15-20 minutes from Sal’s international airport. Positioned on the beautiful Ponta Preta beach and close to the popular town of Santa Maria, Dunas Beach Resort is perfectly situated to capitalise on Cape Verde’s fast-rising prominence.

The resort presents an outstanding investment opportunity for rental or resale buyers, as well as those looking to buy a holiday residence.

Dunas Beach Resort is made up of over 400 luxury front-line units, including exclusive villas – each with their own private pools – and a range of deluxe 1, 2 and 3 bedroom apartments, all integrated within beautifully landscaped green spaces, green spaces, pool areas, secluded walkways and other select amenities.
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Online travel specialist, Holidays-direct has advice on the top resorts that are great value for money this summer 2008. Holidays-direct.co.uk has put together some super-cool bargains for hot sun holidays this summer.

Here are the top ten recommended summer holiday destinations 2008:

Malta

Picture: Scottish Daily Express

Record numbers of people are leaving the UK for a new life abroad

According to reports by the Cape Verde News Agency, Infopress, two ferries providing sea links between Cape Verde