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Tourism boost for Cape Verde investors

16th May 2012 | back to article listings BACK    print this article PRINT

Cape Verde property investors might benefit from the region's expanding tourism sector, an expert has suggested.

The destination is a viable alternative to the Canary Islands for those who are after some sun during the colder winter months, Adam Cornwell, managing director of Feltrim International, indicated.

He said that the area is "far more affordable" than the Canaries for those seeking some warmer weather.

Mr Cornwell noted that in the coming three years, Cape Verde could welcome as many as one million tourists. This should prove beneficial to those with properties in this emerging market, he added.

More cautious investors might be inclined to opt for Cape Verde homes because a range of completed properties are available, rather than just off-plan residences, the expert continued.

Cape Verde is now the tenth most popular destination among prospective property investors, TheMoveChannel suggested last month.

Copyright Press Association 2012

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