A tropical archipelago situated in the Atlantic Ocean off the west coast of Africa and just an hour from the Canaries, Cape Verde boasts some of the best beaches in the world. With year round temperatures between 25°C to 30°C and crystal clear waters, it’s no surprise tourism numbers have increased 115% since 2000.
Investment Stability
Consisting of ten islands and five islets, the Cape Verdean laid back, ‘no stress’ lifestyle makes for the perfect holiday destination. Thriving tourism, thanks to the impeccable Cape Verdean hospitality and year round climates, have driven high levels of demand for quality accommodation to outstrip supply, making the perfect economic and environment conditions for a rewarding property investment in Cape Verde.
The recent and on-going prosperity of the Cape Verde Islands is largely connected to the continual growth in tourism. However, this has been combined with a democratically elected and stable government structure and a clear strategy to develop the Islands in line with that increasing touristic demand.
This strategy includes key infrastructure improvements and modernisation, including supporting foreign investment and leisure development, as well as modernising the utilities, telecommunications and transport links. In addition, efforts have been concentrated on increasing investment in social projects and improving the quality of life for the Islands’ inhabitants as new opportunities become available to them. There is also considerable investment in key education and housing projects.
It is therefore predicted that the Islands will enjoy a very bright future, led by a continual rise in sustainable tourism, as well as new opportunities for the Cape Verdean people.
The UK sends the largest proportion of tourists to Cape Verde, followed by Portugal and Germany. Positive tourism statistics from the World Travel & Tourism Council have predicted a steady rise for both the investment in and the benefits of tourism to the country over the next few years. Tourism analysts also predict that over the next decade, the Islands will rival popular beach destinations in the Caribbean and the Canaries. It’s no surprise then that investors in the know are looking to Cape Verde for their next opportunity.