What is the current rate of capital growth in properties in Cape Verde?
The conservative predicted capital growth rate of properties in Cape Verde is 10% per annum. A clear indicator as to where the next hot property spot will be is a burgeoning tourist industry, and this is one of the main factors savvy investors will look for in an otherwise unheard of location. In the last two years, the Cape Verde Islands have been touted as the next Canary Islands in terms of tourism potential, although building restrictions will prevent over development, and already developers are clamouring to secure plots of land in this picturesque location with increasing accessibility. Once the property is finished, the anticipated demand during the building phase will push house prices up. A finished property, depending on the chosen strategy of the investor, can then be re-sold on the market reflecting the new price and providing an excellent return to the investor.
Related Questions
- I am not sure what the inflation rate and capital growth rate are for the area where the property is located. How can I determine what percentage rate to enter for these two parameters?
- I’ve been told that positive cash flow properties don’t enjoy capital growth. Is that true?
- What is the current rate of capital growth in properties in Cape Verde?
