12 December 2007
Cape Verde is attracting a new type of investor by developing its eco-tourism and this growth is expected to continue into 2008.
More and more eco-properties figure on the market, appealing to many European investors looking for interesting opportunities and good prices.
Cape Verde is still quite a recent market for investment, offering good value luxurious apartments from €50,000 to independent villas for around €150,000 and Marco Pietropoli, director of property company RMDS, claims that the slowdown in the global property market expected to hit next year will have little impact on Cape Verde.
The infrastructure in the country is being built up and once this is established further lifestyle buyers will flock to Cape Verde, he continued.
Paul Collins, overseas editor at BuyAssociation, said earlier this year that eco-tourism was an important part of Cape Verde's success: "Anyone buying a property now is likely to be able to benefit from that.
"And the other thing that's quite interesting over there at the moment is eco-tourism.
There are a couple of reasonable sized eco-resorts coming out that are sustainable."
According to reports, Boavista will receive investment of over €220 million in tourism, including construction of a road linking the whole island and a 2,000 room hotel.
