2 Bed Apartment for sale in Cape Verde

Key Features & Benefits

First European 5-Star rated operation on Sal Island
Fully managed hotel operator rental scheme
Beach Front Location
Easy Access – regular flights from UK
High Levels of Occupancy
50/50 Net room-rate share
Anticipated income yields 9% plus

Highly competitive market prices
Up to 15% further discount (Option 3 only)
Fixed €1.25 - £1.00 exchange rate on first deposit (or €1.35 to £1 for villas)
Fully Furnished to Hotel Excellence Standard (Option 2 and 3 only)
Fully Air Conditioned
Free Legal Services
6% ‘non-returnable’ interest paid on cash deriving from savings or investment vehicles (Option 1 and 2 only. Non-SIPP sales).
Fully SIPP compliant

About Cape Verde Islands

The Cape Verde islands have a unique vibe that is somewhere between African, European and Brazilian.” (David Whitely, AOL.co.uk)

The island of Sal is the most popular and developed of the Cape Verde archipelago. Regular flights from the UK and Europe have made this island one of the world’s fastest growing tourist destinations, accounting for 69% of Cape Verde’s rental market.

“Cape Verde has leapt into the top ten of world locations… property developers are now hot on its heels.” (The Independent, 2008)

Just over 5 hours from the UK takes you to an island with crystal clear seas, endless white beaches, adventurous water-sports and idyllic settings.

The government is investing heavily in Sal to ensure it is a world class tourist destination; it has the most advanced infrastructure & communications of all the surrounding islands. The carefully planned and controlled developments will ensure the island retains its natural charm, whilst delivering high class facilities.

Foreign Direct Investment increased by 46% in 2008 and is expected to continue to rapidly increase in 2009. (Cape Verde Investment Agency, January 2009)

At present the growth in demand from tourists far outstrips the supply of rooms within hotels and this is why Dunas Beach Resort & Spa makes such a good investment choice.

Why Invest?

The Cape Verde government has set the development of its tourism sector as its key priority. Though tiny in area, the islands attract visitors with the year-round good weather, which is kept to a manageable temperature in the height of summer by cooling Atlantic breezes.

According to the government’s tourism department, the numbers of tourist arrivals are increasing at an annual rate of 22% and projections suggest that by 2015, around one million tourists will be visiting the islands every year (National Statistics Institute, 2008).

Property prices are still being pushed forward as demand far outstrips supply. Premium projects will command a higher return; therefore capital investors should feel confident in their decision.

Research by Savills shows that the island’s average occupancy is around 80%. The only established “branded” hotel (RIU Group) is a European 4* chain and has experienced an average occupancy rate over 90% for the past three years. The base rack rate at this hotel in 2008 for a standard 38m2 room was €130 per night.

Dunas Beach Resort & Spa will attract premium room-rates and will represent (along with its sister resort – Tortuga Beach Resort & Spa) the very first European 5* Resort facility managed by a reputable international Hotel Operator. The 50/50 net room rate share will be extremely attractive for long-tem income investors.

The Resort Group has agreed heads of terms with a leading internationally recognised hotel operator carrying a total inventory of over 80,000 hotel rooms across 30 countries and who achieve an average ‘global’ occupancy rate of around 80% for this type of resort. It’s European client base and recognised brand makes it an ideal partner for this development.