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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