Overseas property news - Cape verde ‘riding the wave’

Cape verde ‘riding the wave’

New figures illustrate the rising popularity of Cape Verde as a holiday destination…

New figures from A Semana revealed that 87.7 per cent of people who stayed in rental accommodation during the first six months of 2007 came from abroad. Many of these were found to be from European locations, with almost one in five visitors hailing from Portugal.

Figures also showed that a significant proportion of holidaymakers in Cape Verde came from Italy, as well as Britain and Germany. Furthermore, the data indicated that the overall number of visitors to the islands was higher than during the previous year.

This means that demand for rental accommodation in Cape Verde is increasing, therefore creating a range of new opportunities for overseas property investors.

The archipelago's investment potential was recently highlighted by the BuyAssociation website, which said the growth in its tourist sector over the last few years had been "impressive".

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