Why Cape Verde?
A tropical archipelago situated in the Atlantic Ocean off the west coast of Africa and just an hour from the Canaries, Cape Verde boasts some of the best beaches in the world. With year round temperatures between 25°C to 30°C and crystal clear waters, it’s no surprise tourism numbers have increased 115% since 2000.
Consisting of ten islands and five islets, the Cape Verdean laidback, ‘no stress’ lifestyle makes for the perfect holiday destination. Thriving tourism, thanks to the impeccable Cape Verdean hospitality and year round climates, have driven high levels of demand for quality accommodation to outstrip supply, making the perfect economic and environment conditions for a rewarding property investment in Cape Verde.
The UK sends the largest proportion of tourists to Cape Verde, followed by Portugal and Germany. Positive tourism statistics from the World Travel & Tourism Council have predicted a steady rise for both the investment in and the benefits of tourism to the country over the next few years. Tourism analysts also predict that over the next decade, the Islands will rival popular beach destinations in the Caribbean and the Canaries. It’s no surprise then that investors in the know are looking to Cape Verde for their next opportunity.
History of Cape Verde
Recorded history began in the 15th century, when Portuguese explorers stumbled across the collection of 10 islands in 1456 and lay claim to the archipelago. They returned six years later and built Ribeira Grande, which is now known as Cidade Velha – the oldest city on Cape Verde and a UNESCO World Heritage Site.
The Islands were seen as an important base between Africa and the Americas, which left it, and Ribeira Grande in particular, open to frequent attacks from the English, Dutch, French and pirates from around the world. This ultimately led to the capital city being moved in Praia in 1770, where it remains today.