London, England (PRWEB) April 24, 2007
Majestic Group Investments has brought to market a new development offering over 30% discount on general release prices.
Cape Verde is a Republic comprising of nine inhabited islands, plus an uninhabited island and eight islets, in the Atlantic Ocean. The islands are in the order of 500 km west of the coast of Senegal (West Africa) and 2,400 km north-east of the coast of Brasil (South America). The islands are dispersed over an area of approximately 300 km north to south by 400 km east to west.
Incoming tourism to Cape Verde has grown from a very low base in recent years. The expansion of leisure related tourism has been predominantly supply-driven. There has been significant investment in tourism related infrastructure, with the upgrading of the international airport on Sal, the inauguration of Praia International Airport and the imminent inauguration of the international airports on Boa Vista and Sao Vicente. These developments, together with increases in tourist accommodation, are expected to lead to further development of tourism to Cape Verde.
Actual capital increase statistics for the islands are not published by a single source, however according to the Noscasa Cape Verde property index, property values on average have increased by 17% between January and October 2006, with projects on the island of Sal providing evidence of a growth rate of 20% in the first 9months of 2006. Capital growth on Sal is expected to increase at a similar rate over the next 36 months, and then level off to a more reasonable rate of return.
There are many Investment opportunities in Cape Verde to choose from and there are some huge discounts for investors willing to invest very early on in a project lifecycle, usually before developers have had time to name the resort and started to get marketing in place. One such development which has come to market only yesterday is the Preta Resort. This is being marketed exclusively by Majestic Group Investments and is currently being offered at more than 30% below general release prices.
With a stable political climate and good flight connections, plus fabulous sandy beaches perhaps Cape Verde is destined to be the next Spain.