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Published on : Tuesday, November 14, 2017
Cape Verde, a volcanic nation in north western part of Africa has doomed its tourism approach as Zika virus became a widespread massacre, but now this region is reviving its tourism revenue by minimizing the rates of the hotels and villas & even the rates of the apartments.
For around 100,000 euros frequent visitors can buy two-bed roomed apartments in one of the major resorts in Santa Maria and look forward to years of unrivalled holiday bliss.
But while most visits to the volcanic archipelago are totally trouble-free and highly enjoyable, buying a property in Cape Verde is not entirely risk-free.
This is essential to seek out the independent and highly qualified legal advice and have all documents pertaining to a property purchase translated into one’s own language, before signing anything binding, especially if you’re buying to let to tourists, a rapidly growing segment of the local housing sector.
Here Cape Verde Tourism as a major source of income has grown fast over the last ten years.
The tourists are mainly from the United Kingdom, Germany, Belgium, Netherlands, France, Portugal and Italy, but a small percentage of US holidaymakers are also part of the overall tourism scene.
Now, the tourism sector of Cape Verde is finally improving from the Zika-affect.
Here the tourism has been instrumental in the archipelago’s economic growth, contributing ca. 44.5% of GDP last year, according to the World Travel & Tourism Council’s 2017 report.
Last year, the Cape Verde Tourism has welcomed 644,000 tourists, an increase of 13.2 percent from 2016.
This is a phenomenal increase which Cape Verde has welcomed just 150,000 visitors. Housing all of these visitors is therefore a priority, and foreign investment is highly welcome.