Cape verde’s rental gem

One of Cape Verde’s most beautiful Islands is tantalizing international investors…

Home to around 240,000 people, half of Cape Verde’s population, Santiago is Cape Verde’s largest island at 991km² and also hosts the nation’s capital – Praia. Wth regular direct flights from London to Lisbon, investors looking for excellent rental yields should definitely take a look.

Carley Todd, GEM Estates’ Cape Verde expert recently argued that Santiago is ‘light years ahead of Sal in terms of completed or near-completed amenities’, adding that it is ‘more tangible as an island requiring less imagination from off-plan investors’.

Ms Todd continued: “The airport is always busy with domestic and international passenger traffic, the deep-water port at Praia employs 140 staff and is doubling its cargo handling capacity through a multi-million expansion plan and the nation’s first finished golf course will be on Santiago, the Nick Faldo Estrela Santiago where earth movement is visibly underway set for a 2010 opening.

”Belying its size and maturity, the holiday property market in Santiago is actually quite embryonic. Just a handful of resorts are being marketed and with hotels running at a healthy 70% occupancy plus tourist arrivals soaring year-on-year, demands on short-term rental accommodation are high.