Holiday Rentals News - Real estate in Cape Verde enjoyed strong interest

Real estate in Cape Verde enjoyed strong interest

Cape Verde's real estate market is being helped by increased financial products covering the market as well as a growing tourist industry.

The Republic of Cape Verde is located off the west coast of Africa and is rapidly becoming a favourite with British holidaymakers attracted by the region's climate, stunning beaches and friendly atmosphere.

This ongoing development of holiday resorts on the islands mean that many financial providers are extending overseas mortgages to cover the Cape Verde and its strong property market.

Smart Money Overseas (SMO) now offers mortgages for property on two of Cape Verde's most popular islands with British investors, Sal and Santiago as more buy-to-let and holiday home investors move to take advantage of strong rental yields. However, it is vital for potential buyers to make sure their fully research any property purchase.

Kevin Fleury, managing director of SMO, commented: "Cape Verde is a great opportunity for property investment but, as always, investors should tread carefully. When you invest overseas, do your homework."
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