Call us today: +44 (0) 20 3551 6634
Ever since it was first featured in the TV programme “A Place In The Sun” in 2007, Cape Verde has captured the heart and imagination of a growing number of Britons. We estimate that about 150,000 of us will visit in 2012, most on package holidays to the beaches of the low-lying islands of Sal and Boavista. Many British citizens – and Irish nationals too – have also been tempted to buy property in the islands. Sal and Boavista are again the most popular, but there are developments on other islands too, including the island of Santiago where you’ll find Cape Verde’s capital, Praia.
While the vast majority of holiday-makers and many investors have nothing but good memories and experiences of Cape Verde, a small minority of investors have not found the experience of buying property in Cape Verde easy or straight forward – or cheap. I do not want to put anyone off buying property in Cape Verde. I do however want potential purchasers to devote sufficient time, preparation and resources to reducing the risks involved.
There are risks in everything we do. The key is understanding them and mitigating them to a level where we feel comfortable. This is especially important when large sums of money are involved. Buying a property is a huge undertaking wherever you are in the world. Cape Verde is no exception. It is vital that you exercise care and attention, taking the same precautions as if you were in the UK.
Many British nationals choose to buy off-plan in Cape Verde. And the majority of these are happy with their purchase. However some buyers have experienced problems with long delays, incomplete builds and developers not having enough money to complete projects. Other buyers are also experiencing disputes over ownership of land, partial or non-delivery of property management contracts and inflated guaranteed rental returns.
So my four top tips before you buy:
John Marshall HM Ambassador to Senegal, Guinea-Bissau and Cape Verde based in Dakar
Note: The British Embassy in Dakar has lists of English-speaking lawyers and qualified translators available on its website. These lists are provided for information only and do not indicate a recommendation, either express or implied, as to the competence of the listed individuals. Those using the lists are strongly encouraged to do their own research into the suitability of those listed for the purposes for which they are required. In the event of a property dispute arising, the British Government is not able to become involved in individual cases, or become involved in steps to recover any capital outlay in respect of individual property deals that may have gone wrong. Many thousands of British Nationals are involved in criminal and civil cases around the world every year and we simply do not have the resources nor the legal expertise or powers to judge the merits or intervene in individual cases.
Of course, if you’re planning on travelling to Cape Verde you should ensure you have adequate expat travel insurance.
Expatriate Group.Delmon House,36-38 Church Road,Burgess Hill,West Sussex,RH15 9AE
Registered Address.35 Ballards Lane,London,N3 1XW
Tel: +44 (0)20 3551 6634Fax: +44 (0)870 428 5141Email: firstname.lastname@example.org
Short Term Healthcare Insurance
Travel Medical Insurance One Way Travel Insurance Single Trip Travel Insurance Annual Multi-Trip Travel Insurance Non UK Resident Travel Insurance Business Travel Insurance
About Us Useful Links Leave a Review Our Awards The Press Room Satisfaction Survey Downloads Legal Notice Underwriters Hospital List
Emergency Assistance information Short-Term Healthcare Working Abroad Insurance Thailand Health Insurance Family & Friend Benefits
Register as an Intermediary Opportunities for Brokers
Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.