Buying off-plan developments—properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
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.
