Cape Verde remains a relatively unknown holiday destination although the hugely appealing 10-island archipelago in West Africa has risen in popularity among British soap stars and celebrities, alerting other Brits to its many charms.
The first quarter of 2015 has seen a significant increase in the number of overnight stays in Cape Verde, rising 3.1% over the three months from January, according to figures published by the National Statistics Institute (INE).
The figures reveal that the number of overnight stays reached 1.01 million with an actual increase in visitor numbers of just 136 (0.1%), showing that tourists stayed for longer in Cape Verde, or an average of 8.1 days.
Sal Island received 47.5% of total visitors to Cabo Verde in the first three months of the year followed by the islands of Boa vista (28%) and Santiago (11.8%). Of those visitors, 20% were visitors from the United Kingdom, 14% from the Netherlands, 13.7% from Germany and 12% from France.
Real estate in Cape Verde is extremely cheap at the current time, with plenty of opportunities for investors seeking income generating assets in the hospitality sector. As the tiny country’s tourist infrastructure develops further to meet rising demand, considerable growth is expected in both rental yield and capital value in its property market.
Cape Verde is a vibrant holiday destination with a pleasantly tropical year-round climate and much to offer visitors. Most of its wide selection of restaurants and eateries are family-friendly and the locals have a great laid-back vibe that is infectious, allowing tourists to truly relax on their trip.
As tourist infrastructure develops and air-connections to the destination improve, there is likely to be considerable growth that savvy investors can profit from by buying in the right area of this stunning holiday hotspot.