Many of us dream of making an overseas property investment. Perhaps we want our very own private getaway somewhere in the sun, are looking to diversify an existing portfolio, or have plans to generate a rental income from a property abroad. But when the time comes to start considering our options seriously, the most pressing question of all quickly rises to the surface.
Where in the world would be the best place to make an overseas property investment? Although the lifestyle aspect of owning a dream home on idyllic shores is undoubtedly important when it comes to answering this question, the priority concern, of course, is money. Letting out an overseas property can bring significant long-term financial rewards – but only if it’s in the right location.
Off the west coast of Africa, the tropical archipelago of Cape Verde is fast becoming renowned not only for its unparalleled beauty and rising popularity as a tourist destination, but also as a dream location for investors seeking high returns from an overseas property investment. Here we have our top five reasons why Cape Verde is the smart choice for buyers seeking assured returns on their investments and a blissful base for regular sun-soaked holidays.
5 Reasons to Choose Cape Verde for Your Overseas Property Investment
1. Beautiful Islands with Year-Round Sunshine
Situated in the Atlantic Ocean, the stunning Island chain of Cape Verde is a captivating place which, despite the increasing tourist footfall, still manages to retain its air of being an undiscovered gem that offers something unique for everyone who visits. With its blend of peaceful seaside villages, golden beaches and volcanic mountain ranges, the Cape Verde archipelago brings new meaning to the words “Island Paradise”, to which anyone who has ever visited will attest. The persistent, year-round climate ensures perpetual warm temperatures of between 25°C and 30°C, making Cape Verde quite literally one of the world’s most idyllic hotspots for your overseas property investment.
2. Tourist Footfall Increases Year-on-Year
Anyone entering the buy-to-let overseas property investment market needs to be assured that they are going to see positive returns on their investment. This means that the location needs to be a thriving tourist destination to ensure that rooms are filled year-round. Cape Verde has enjoyed sustained tourism growth year-on-year since 2000, which is supported by increased investment in the industry. According to the World Travel & Tourism Council’s (WTTC) 2017 Cape Verde Economic report, Cape Verde is expected to attract 578,000 international tourist arrivals in 2017, with the number growing to 728,000 by 2027, generating an expenditure of CVE8.8 billion – an increase of 5.8% per annum.
In support of this growing industry, travel and tourism investment in 2016 was CVE14.1 billion. This figure is set to rise by 6.1% in 2017, and rise by 8.6% per annum over the next ten years to CVE 34.2 billion in 2027.
3. Growing Demand for High-quality Accommodation
With Cape Verde experiencing more visitors every year, the demand for high-quality accommodation is growing and currently outstripping supply. For investors, this burgeoning industry presents a wealth of opportunity to make profitable returns by choosing Cape Verde for their overseas property investment. For as long as tourist numbers increase, which the WTTC reports as a certainty over the next decade, the buy-to-let property market will continue to grow.
4. New, Dedicated Luxury Resorts Make Investing Easy
The Resort Group PLC has a number of Resorts under development that make investing in a Cape Verde property easy. To our string of already-successful Resorts – including the MELIÃ Dunas Beach Resort & Spa, the MELIÃ Tortuga Beach Resort, MELIÃ Llana Beach Resort & Spa and TUI Sensimar Cabo Verde – we are adding the highly-anticipated White Sands Hotel & Spa. This will be the first of six new developments on the Boa Vista Island.
Our proven model for investment takes the pain out of the whole process. Buyers meet with one of our dedicated property experts who help select the right investment. From there, buyers simply choose from one of three rental options and begin to enjoy assured returns from day one.
The Resort Group PLC has strategic partnerships in place with a number worldwide travel operators – agreements which guarantee one million new guests to our Resorts over the next three years. The White Sands Hotel & Spa Resort consists of 835 luxury properties, including a range of stunning villas and penthouse hotel suites, with six swimming pools, children’s facilities, six restaurants and a number of bars all adding to the attraction. Investors in our Resort developments enjoy a fully-managed service from The Resort Group PLC, presenting an unrivalled opportunity to generate significant rental income from their overseas property investment with ease.
5. The Resort Group PLC Have Great Offers that Make for a Sound Investment
The Resort Group PLC currently has available one of the best offers for Cape Verde property investments in the market. Our 12/7/5 property option provides a safe and flexible way to invest, offering long-term rental returns for new investors with a structured exit strategy built in. The plan offers 12% assured returns from the first day of investment. When construction is complete and the Resort is open and operational, buyers will then enjoy a guaranteed 7% net rental yield on their overseas property investment over the following five years. After this period, should an exit be required, The Resort Group PLC will commit to resell the property on the buyer’s behalf.
Making Your Dream Overseas Property Investment Come True
With some overseas property markets, there is the potential for future overdevelopment, which often means that a destination will lose some of its original appeal, with tourist numbers dwindling as a result. There is no such risk when making an investment in Cape Verde. The Islands are protected from overdevelopment with strict government legislation in place that only allows for low-level and low-density projects to proceed. What this means is that Cape Verde will always retain its beauty and “undiscovered” charm, ensuring that visitors will continue to flock to the country, and that investors will always be sure that their overseas property investment on these Isles are as sustainable as they are profitable.
To discuss your investment option on this Island paradise, please get in touch with The Resort Group PLC.