Recently, we all know that over the past 3 years, property markets have changed hugely. Particularly in Cape Verde, the huge numbers of new buyers in the U.K. and Ireland have allowed the country to develop far more quickly than was expected.

From an investors point of view there are many advantages of buying out in these Islands as Stephen Eade, sales director of Horizon Property Group says “There are no restrictions placed on foreigners buying property.” The laws cover buying and selling in Cape Verde are very similar to those in Portugal, that is 3% property tax and about 3% notary charges on completion. There is no capital gains tax for the first 30% profits and it is taxed at just 3% thereafter.

Analysts are forecasting price increases between 15 to 20 percent over the next five to 10 years, according to Eade. “Shrewd investors that buy now will see a fantastic capital appreciation along with superb rental returns while they own the property. Currently demand for rental is far greater than the number of properties available,” he said.

The international segment of the property sector is expected to expand and to become more diverse. As the tourism industry expands, new resorts are anticipated. There are plans to upgrade further the island nation’s infrastructure through loans from China, the European Development Fund and the Middle East.

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