Expatriate Healthcare News: Investment opportunities 'in Cape Verde property' -
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Expatriate Healthcare News: Investment opportunities 'in Cape Verde property'

Expatriate international health insurance customers may wish to consider living in the Cape Verde Islands, as there are real estate investment opportunities in this location, it has been claimed.

The archipelago off the coast of west Africa is only very small, so there is little room for construction projects, managing director of Cape Verde Property Adrian Lillywhite pointed out.

This is especially the case "along the good beaches", so the best accommodation will "always be sought after", he declared.

Furthermore, structures either on the shore or within walking distance of a beach are still available for purchase, the expert pointed out.

He claimed that this "limited space" makes the country an ideal place for property investors.

Comparable lands, such as the Canary Islands or the Caribbean, have far higher property prices and frequent hurricanes, Mr Lillywhite continued.

Other things to consider when relocating abroad are the culture and atmosphere of the nation.

Politically and socially, the region is stable, which is particularly relevant when considering the situation across the north of Africa. Elections took place in February 2011 and passed off peacefully.

The weather is generally sunny, but the rainy season takes place between mid-August and mid-October, with torrential rainfall increasing the risk of landslides and floods.

However, Mr Lillywhite claimed that a "year-long holiday rental season" can be realised by astute property investors, which can "maximise returns".

Usually, the roadways are light and traffic free, enabling easy travelling on surfaces of a reasonable quality.

The last case of Dengue Fever in the country was in November 2010, indicating that this epidemic is under control, although the British Foreign and Commonwealth Office recommends that all travellers to the region seek medical advice and ensure their vaccinations are up to date.

Crime rates in the nation are very low, with petty thefts generally the only incidents of note.

The majority religion in the region is Roman Catholicism and the national languages are Crioulo – a mixture of Portuguese and vocabulary from west Africa – as well as Portuguese.

It is estimated that fewer than 500,000 people live in Cape Verde, in an area of 4,033 sq km.

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