Buy to Let Property Investment in Cape Verde
The "Buy to Let" Market in Cape Verde

The term "Buy-to-Let" means simply the purchase and ownership of a property through normal procedure. Once completed the owner seeks to rent this property for a regular income usually exceeding annual mortgage repayments.

The "Buy to Let" Market in Cape Verde

The number of tourists visiting Cape Verde has grown at an average of 25 percent per year over the past four years. From 67,000 tourists in 2000, the figure jumped to 178,000 in 2004. The latest figures ndicates that this figure has again doubled to 350,000 in 2006.

Usually emerging markets can present a high level of risk to an investor who purchases property with the view of using a "buy to let" investment model as they are relying on the growth of tourism to provide a constant stream of visitors wishing to rent their property.

In Cape Verde this tourism is now present and growing at an rapid rate, meaning that there is already a growing demand for "buy to let" property in particular near 5 star resorts..

Also, the increasing numbers of tourists pouring into the main Cape Verde resorts is also creating a demand for long term accommodation for the tourist service industry, who are re-locating to the area to service the demands of the growing numbers of visitors.

In general the "buy to let" market in Cape Verde has great potential and is a major reason why Cape Verde appeals to investors in overseas property.