Real estate development in Cape Verde, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Cape Verde.
Cape Verde is becoming an increasingly popular tourist destination, particularly for Europeans, due to its beautiful landscapes, beaches, and year-round warm weather. With tourism being a major contributor to the country's economy, real estate developments in areas with high tourist traffic can see strong demand, especially for vacation rentals, hotels, and resorts.
Cape Verde's location off the coast of West Africa makes it a strategic hub for international trade, tourism, and business connections. This proximity to Europe and the Americas adds value to real estate investments as it can attract people from various parts of the world.
With its friendly climate, affordable cost of living, and high quality of life, Cape Verde is becoming a popular destination for expatriates and retirees, especially from Europe. This demand is expected to continue rising, creating more opportunities for real estate investments aimed at this demographic.
Cape Verde is increasingly focusing on sustainable development, and eco-friendly buildings are gaining popularity. Real estate developments that prioritize sustainability could attract environmentally-conscious buyers and tenants, giving them an edge in the market.
Cape Verde welcomes foreign investors, and the process for purchasing property is relatively straightforward compared to other countries. Foreigners can buy property in most areas, with a few exceptions, making it an accessible market for international investors.
Investing in new real estate developments in Cape Verde presents a promising opportunity due to its growing tourism sector, improving infrastructure, strategic location, and favorable investment climate. With diverse opportunities ranging from residential properties to large-scale developments catering to tourists or expatriates, Cape Verde offers both short-term rental yields and long-term capital appreciation.
