Capital Growth Prediction
Growth indicators
Despite the global economic downturn, Cape Verde’s economy has been in growth since the late 1990’s. Foreign investment has been a key driver of this growth, rising from just US$100,000 little over 7 years ago, to US$1.2 billion in 2008.
In August 2007, the World Bank announced an investment package worth US$237.9 Million for a variety of projects, including energy, water, infrastructure and tourism.
Other growth factors;
- Politically stable since its independent status in the 1970’s.
- Land values steadily increasing for the past 5 years.
- Touristic figures increased by 107% over past 5 years.
- Increasing international access routes from Europe and America.
- Touristic demand outstripping supply for quality accommodation.
- Globally recognized hoteliers and established tour operators now collaborating with developers – maximizing occupancy rates
- Superior build Resorts – Including branded fixtures and fittings / extensive on site facilities
- Strict environmental controls in place – low density, low-rise projects only.
- Premium beach-front land carrying only touristic planning permissions.
Verdict:
The above contributory factors are set to underpin substantial capital value returns for the medium – long term.
