The decision to use your hard-earned savings to invest in a luxury property overseas will have, of course, be taken with a certain eye towards achieving the lifestyle you have always dreamed of – owning your very own piece of paradise in the sun is something very special indeed. But it’s important, also, that the money you invest works hard for you. Aside from luxury lifestyle benefits, you will also hope to see some capital growth and assured returns from your investment – and that means choosing a popular and stable location that will open up sustainable buy-to-let opportunities long into the future.
Ensuring High Demand
An empty property yields no returns. That’s the simple fact of the matter. And if you want your overseas property to be a good investment – one that goes beyond the advantages of having your own holiday home to visit when you want to – it’s important to think long-term.
The popularity of the country as a tourist destination is an essential factor to take into consideration. High tourist numbers mean that there will be high demand for accommodation, which in turn means that the likelihood of your property being occupied around the calendar is also high – and high occupancy rates means high returns.
It’s also important that you ensure your property is located in an easily-accessible location, with good local amenities and lots for visitors to see and do. Another factor to take into consideration is the holiday season in the area. Some tourist destinations all but shut down during cold seasons, and so choosing a location with year-round temperatures will provide a higher likelihood of occupancy right throughout the year.
Other questions you should be asking yourself concern the political stability of the country (tourism can quickly vanish if there is threat of unrest in the future) and the local government’s commitment to the tourism industry. If big investments are being made, this is a good sign that the country views tourism as a boon for the local economy and is committed to long-term growth projects – all of which will be great news for your investment.
Cape Verde Tourism and Investment on the Rise
Cape Verde ticks all the boxes when it comes to tourism growth. Since 2000, tourist numbers have risen 115% year on year, and there is no sign of this stopping. In fact, with all of the investment initiatives taking place, growth is only expected to hasten even more over the next ten years.
Indeed, the Cape Verdean tourism sector is set to become the major vehicle for the economic development of the country over the coming decade and beyond. It has already come on leaps and bounds over the past twenty years or more, and now, with increased funding, another major boost to the industry is expected, as increasing numbers of visitors are being attracted from all around the world.
According to the World Travel & Tourism Council’s (WTTC) latest report – ‘Cape Verde Travel & Tourism Economic Impact 2017’ – the direct contribution of travel and tourism to GDP was CVE 27.9 billion (17.2% of total GDP) in 2016, and is forecast to rise by 10.1% in 2017. It is also forecast to rise by 5.8% per annum over the next ten years to CVE 53.8 billion (21.0% of total GDP) in 2027.
The numbers come down to the fact that visitor numbers are to continue to rise dramatically over the coming decade. The country is expected to attract 578,000 international tourist arrivals in 2017, and rise to 728,000 by 2027, generating expenditure of CVE 78.8 billion – an increase of 5.8% per annum.
As such, investment in travel and tourism is on the rise. The sector attracted capital investment of CVE 14.1 billion in 2016, which is expected to rise 6.1% in 2017, and rise again by 8.6% per annum over the next ten years to CVE 34.2 billion in 2027.
Great Cape Verde Property Investment Opportunities
One of the great things about Cape Verde – which undoubtedly contributes to its rapidly rising popularity as a tourist destination – is its year-round climate. Temperatures never drop below 24°C, and average between 25°C and 30°C. This means that there is never really a low season on the Islands – visitors flock here all year round, providing excellent opportunity to maximise occupancy for your Cape Verde Property Investment.
What’s more, while tourism is largely accountable for the recent and ongoing prosperity of the Cape Verde Islands, the democratically elected and stable government structure ensures that the country will enjoy a very bright future. There is a clear strategy in place to develop the Islands in line with increasing touristic demand and includes key infrastructure improvements and modernisation – including support for foreign investment and leisure development, as well as modernising utilities, telecommunications and transport links.
This all makes for great Cape Verde property investment opportunities, such as those now available at the White Sands Hotel & Spa – the latest development from the world-renowned The Resort Group PLC.
Due to open its doors in early 2019, the White Sands Hotel & Spa presents 835 luxurious properties for investors to choose from, currently being built in what will be a luxury 5-star Resort on the Island of Boa Vista. The Cape Verde property investment opportunities on offer at the White Sands Hotel & Spa include a range of lavish suites with their own swim-up pools, hot tubs and whirlpool baths, as well as larger penthouse and duplex-style suites, and a selection of exclusive villas with private gardens and plunge pools.
These all make for a dream lifestyle investment, but – and perhaps more importantly – they will cater for the rising demand for luxury tourist accommodation on the Island when the Resort opens.
12/7/5 Property Options
The 12/7/5 Property Options offer means that investors start seeing 12% assured returns on their investment from day one of purchase – even while the White Sands Hotel & Spa is still in construction. When the doors open, investors then receive a guaranteed 7% net rental yield over the following five years. As part of the offer, The Resort Group PLC will also commit to resell the property on the investor’s behalf five years after the date the initial investment was made, should an exit be required at this point.
As tourism continues on its upward trajectory on Cape Verde, demand for luxury accommodation has never been higher and is only set to rise even more over the next ten years. There has never been a better time to make a Cape Verde property investment, and with our outstanding 12/7/5 Property Options offer, securing assured returns from your overseas investment has never been easier.
If you’d like to know more about the Cape Verde property investment opportunities available at the White Sands Hotel & Spa or are interested in booking a “Try Before You Buy” VIP Investor Tour, get in touch with us today.