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Posted On: 30/06/2009
Cape Verde Property Increases in PopularityCape Verde is currently one of the most popular locations with overseas property buyers, according to overseas property specialists Azure Overseas. Like the Turks and Caicos, the virgin islands are currently the most popular because of the number of holiday home buyers in the market, explains Azure director Frank Crowley."Many of the holiday home buyers are choosing the Cape Verde islands because of their recognised investment potential, and scope for incredible rental yields as tourism grows to the country," Frank said, adding: "beach-front developments are proving especially popular."
Creola Sands is one of Azure's most popular developments, offering holiday home investors guaranteed rental yields of 5% per annum. The off plan development, beach front to Cabral beach offers 1 bedroom apartments in Boa Vista from £67,000.
Creola Sands is a fully equipped holiday resort due for completion in Q4 2010. The guaranteed rental yields are on offer for the first two years, by which time yields are expected to be much better. Comparing the price of similar properties in Boa Vista that are currently being sold on the resale market, immediate growth of Creola Sands apartments after the resort's completion is expected to be 6-10%.
Creola Sands is arguably one of the best deals currently on offer in the world of off plan overseas property, shortly followed by Azure's Dunas Beach development offering beachfront properties on Sal Island from £70k, and the Esmeralda Beach development also on Sal Island which offers 1 bedroom apartments from £79k.
All Azure Overseas' other properties in Cape Verde have starting prices of over £100k. But, Frank said: "to many lifestyle buyers, price is not the most important factor and sales have increased across our entire inventory."
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