With the tourism market flourishing in Cape Verde, the overseas investment opportunities available on this tropical archipelago have never looked so good.
As more and more investors are beginning to realise both the portfolio-strengthening and lifestyle benefits that can be achieved through overseas investment properties, Cape Verde is emerging as one of the very best locations in the world for those looking to secure their future with this type of purchase – and for good reason.
With its endless summer temperatures, crystal clear waters and miles upon miles of glistening white sands, it’s a wonder why Cape Verde took so long to appear on the world travel map. However, since 2000, visitor numbers have been growing 115% year-on-year, and the country has now been named as one of the top ten countries in the world for long-term tourism growth – and this creates ideal conditions for investors.
As the number of holidaymakers visiting these tropical Islands rises year after year, the demand for luxury accommodation rises with it – a demand that is currently outstripping supply. And this is why purchasing a buy-to-let holiday property on Cape Verdean shores makes for a sound, long-term overseas investment.
What’s more, when you take advantage of the fantastic options on offer with us, not only will you start enjoying assured returns from day one of purchase, but you’ll have your very own holiday home in the sun to enjoy for up to five weeks every year – and that’s something very special indeed.
Rising Tourism in Cape Verde
When making an overseas investment, it’s important to know that your money is going to work hard for you over both the short- and long-term. And this is why, when considering your options, you need to be sure that you’re choosing a location set for enduring prosperity long into the future.
Cape Verde is one such place. Recent figures from the World Travel & Tourism Council (WTTC) – published in the ‘Travel & Tourism Economic Impact 2017 Cape Verde’ report – reveal the strength of the tourism market in the country. After more than a decade and a half of consistent growth, Cape Verde is expected to receive more than half a million international tourists in 2017, rising to nearly three-quarters of a million (728,000) by 2027, generating expenditure of CVE78.8 billion.
Cape Verde is indeed a growing economy – and it’s tourism that’s driving the figures. The total contribution of the travel and tourism sector to GDP in Cape Verde was 44.5% in 2016. This is forecast to rise by 8.6% in 2017, and by 6.5% per annum to 57.3% of GDP by 2027.
For anyone looking for the perfect location to build a rewarding financial future through a buy-to-let overseas investment property, these are all very promising figures indeed.
Protection from Overdevelopment
Cape Verde is also fiercely protected from overdevelopment – and this is very important when thinking about the long-term. As the number of international tourist arrivals rises, with new Resort developments appearing to cater for them, a concern that may naturally arise is that the “undiscovered” charm that makes Cape Verde so popular may soon be lost, with visitor numbers plummeting as a result. However, there is no such risk.
Strict government legislation is in place that allows only low-level and low-density projects to proceed. What this means is that the natural character and pristine beauty of the Islands will always be protected from overdevelopment. This does two things. Firstly, it ensures that the country will retain its touristic appeal on the world travel stage; secondly, that the demand for luxury accommodation will remain high. As such, investing in one of the limited number of luxury holiday properties that have been approved for construction now is a sound move to make, for the demand for it will almost certainly be very strong indeed for a long time to come.
Build a Rewarding Future at the White Sands Hotel & Spa
The White Sands Hotel & Spa on Cape Verde’s easternmost Island of Boa Vista is one such luxury Resort that has been approved for construction. The latest in a string of successful Cape Verde Resorts, after ground-breaking in 2015, the White Sands Hotel & Spa is quickly taking shape.
835 luxury properties are being made available for investors to choose from. These span 16 different categories and include a range of duplex-style and penthouse suites, as well as private villas with whirlpool baths, swim-up pools and hot tubs. The Resort itself includes six swimming pools with swim-up bars, six themed restaurants offering a range of fine dining experiences, a nightclub and range of bars, children’s facilities, tennis courts, beach ball courts, and the world-famous YHI Spa.
It’s not hard to imagine just how popular the White Sands Hotel & Spa will become as a tourist attraction when the doors finally open to guests. And with Cape Verde visitor numbers set on an upwards trajectory, there has never been a better time to invest in your future on this beautiful, undiscovered Cape Verde Island – and with us, doing so couldn’t be simpler or more rewarding.
If you’d like to know more about the overseas investment opportunities available at the White Sands Hotel & Spa, or are interested in booking a “Try Before You Buy” VIP Investor’s Tour of the development, get in touch with us today.