cape verde property

Cape Verde is very much an emerging market and property prices currently reflect that situation. An excellent investment, possible alternative to buying property in the UK as there is still room for capital growth on property purchased now.

Take for example a young couple in the UK earning £20,000 each pa. A total of £40,000. Average house prices are around £140,000 for a two bedroom house, unless they have savings to put as a deposit on the property then it might be that they cannot get onto the housing ladder here. So, what are the alternatives? Borrow money from parents who can perhaps put the deposit onto their own mortgage to help out - and get their houses back to themselves!! Or rent a property in the UK for £600 a month rather than spend £700 a month on an interest only mortgage - and buy a property abroad. Get onto the property ladder in an emerging market and take advantage of the capital growth which could mean the deposit on a property in the UK in a couple of years time. Some developers allow you to sell the property before completion so they might not have to wait two years before realising the capital - it could be less than a year.

Have a look at our website www.topa.co.uk for more information on buying property in Cape Verde.