Cape Verde

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ronan_d_john said:
Hardly a reason to base an investment decision though, is it? Do catholic countries provide a better return on investment than Muslim countries when it comes to property investment?
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I don't know.


ronan_d_john said:
We're speaking on a purely investment basis here. And I haven't seen or heard or read anything good at all. You haven't answered any of the questions I've posed above to show me any different, despite your supposed extensive research.
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How about:

Pros:
  1. 365 days of sun per annum (22-30 C) with cool breezes. Sub-Tropical Climate. Little seasonality. Tends to be a bit too humid in August and 1/2 September.
  2. Stable democratic government, no social "troubles", Mostly Catholic citizens of mixed European/African who look very like Brazilians.
  3. It's just getting going - Golf courses, Casinos... to follow soon. Some major companies like shell relocating African offices to the islands. (I have been told)
  4. Capital appreciation of 15%, maybe more.
  5. Direct flights from Dublin and Gatwick before 2007.
  6. The most amazing white sandy beaches to the south of Sal.
  7. Excellent Airport in Sal. 15/20 minutes to any part of the island.
  8. Excellent game fishing and water sports.
  9. They accept Euro almost everywhere, change may be given back in C.V. Escudo
  10. No high rise... not permitted
  11. Strong tourist potential, already popular with the Italians and Portuguese. It also has potential to get tourists who might normally holiday in the Caribbean, even those from America north and south. Companies like Budget travel have already done deals with management companies in some developments to let apartments.
ronan_d_john said:
Just shows the quality of your research then, doesn't it. Properties purchased in August 2005 for €275,000 have sold this year already for €375,000.
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That was last year. I made 40% in Sandyford. Were talking about the future.


ronan_d_john said:
You're not seriously that gullible, are you? The guy was presenting at a show that was primarily (only!) aimed at extracting SSIA money from the people visiting. Was it a free show, or did you have to pay at the door?
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The guy hosts a TV show. He is an Economist. Does a show on the BBC. His opinion was stay away from Spain. He was not selling on behalf of anyone. He is not my only source of opinion.


ronan_d_john said:
Not the impression you were giving earlier on. Don't you remember, you claimed that Cape Verde wasn't a 3rd World country (or least developed one).
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That statement was purely in relation to that paragraph/post and to me not wanting to buy in Muslim countries. As an investor is it not ideal to get in before the rapid growth of development and infrastructure? Sal is already a popular destination. All direct flights from Dublin over the Christmas period are booked solid.
 
Every couple of months someone asks here on A.A.M about Cape Verde, and the same old slagging match kicks off. Well I would like to let the people know who are genuinely interested in Cape Verde that I was there for ten days in feb and even though there was not much to do, I thought the place was gorgeous.I was driven around for a couple of days and got to see where the golf courses are going, also where the water treatment plants are going, where the harbour will be etc etc. There are loads of other people who visit Cape Verde regularly for holidays such as Italians, Portuguese and Germans and have been going there long before the Irish ever heard about it. It`s really early days yet to be talking about rental yields,cause nobody has a clue what way its gonna go. Forget about Eddie Hobbs, he seems to have done the place more harm than good. Eddie Hobbs is not Cape Verde! My advise to the people really interested in purchasing property there ( Also for those slagging the place off) "GO to Cape Verde and see for yourself what this beautiful island has to offer and the protential it has". Yes there is not much to do at present in Cape Verde, but as the old saying goes Rome wasn't build in day.

If anyone wants to know more positives or negatives on Cape Verde I am only glad to give you my views.
 
At last! Thank you ktwo.

Ha! Watch out Italians, Portuguese and Germans the Irish are coming!

I know Sal has cons but the abuse you get when you bring it up here is unreal. Most people can only say:

It doesn't rain.
It's poor
It's underdeveloped.

Can I ask if you bought out there?

Were you worried about crime? Did it feel safe?

How poor was it really? I mean are people living in tin roof shacks?
 
1887 views to this topic, thankfully very few people are interested in this destination at this time. I gave up posting on this place after buying out there last September, i totally agree what a kip and a waste of MY money, who wants all year sunshine after a only a 5.5 hr journey with no jetlag to an relativly undiscoverd tropical island, give me a mobile home in Courtown any wet day in Dec. Because im off to CV, again, to a 5 Star all inclusive hotel in Jan and no doubt will still be reading posts here about how to recover from de-hydration ,maleria, tophoid, and possibly negotiating the safe return of my wife from Senegalees Pirates.
 
1887 views to this topic, thankfully very few people are interested in this destination at this time. I gave up posting on this place after buying out there last September, i totally agree what a kip and a waste of MY money, who wants all year sunshine after a only a 5.5 hr journey with no jetlag to an relativly undiscoverd tropical island, give me a mobile home in Courtown any wet day in Dec. Because im off to CV, again, to a 5 Star all inclusive hotel in Jan and no doubt will still be reading posts here about how to recover from de-hydration ,maleria, tophoid, and possibly negotiating the safe return of my wife from Senegalees Pirates.[/quote]
 
Carlos said:
1887 views to this topic, thankfully very few people are interested in this destination at this time. I gave up posting on this place after buying out there last September, i totally agree what a kip and a waste of MY money, who wants all year sunshine after a only a 5.5 hr journey with no jetlag to an relativly undiscoverd tropical island, give me a mobile home in Courtown any wet day in Dec. Because im off to CV, again, to a 5 Star all inclusive hotel in Jan and no doubt will still be reading posts here about how to recover from de-hydration ,maleria, tophoid, and possibly negotiating the safe return of my wife from Senegalees Pirates.
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One point to note is that regardless of what the place is actually like your ability to make money will surely be decided by people's perception of it.
 
As previously stated I am not purchasing for capital gain.
I have wanted a holiday home for summer and winter for a long time now, other markets attracted me but never ticked all the boxes.
For me CV does,
This does not mean my purchase was not influenced by a possibility of, say, rental or gain .
But my research was thorough enough to let me be in a position to seek answers to my concerns and not just harp on about all the possible pitfalls.
There are problems in CV, like any where else,
but if Columbus had listened to the flatearthers, hed have stopped his travels in CV in 1492, not gone any further,and none of us would be talking about Cape Verde", faint heart never won fair maiden"
 
Carlos said:
but if Columbus had listened to the flatearthers, hed have stopped his travels in CV in 1492, not gone any further,and none of us would be talking about Cape Verde", faint heart never won fair maiden"
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If Columbus had put his money into CV property, 500 years later he'd still have made no money.
 
I work for a company (not selling property by the way) who are involved in a number of new developments on Sal and other islands. Members of staff visit regularly.

All of the statements made about water etc are exaggerated. Sal's infrastructure in particular is well able for development. We have been working on CV projects for well over a year now. Our main difficulty was getting there, but as expected this has now changed with direct flights from Dublin and UK.

Some major Irish developers have projects at different stages of development on the islands, these guys are putting their money where their mouths are.

On balance I think the islands will become a recognised/well known destination sooner rater than later.
 
No12 said:
Some major Irish developers have projects at different stages of development on the islands, these guys are putting their money where their mouths are.
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Only because they are confident they can sell on the units to gullible Irish "investors".
 
I actually sell in property in Cape Verde, but at this stage I'm advising my clients not to invest there as there are not getting value for money like they were last year. (It just happens to be one of the countries features with the company I'm with)

You could spit from one side of Sal to the other, its that small. Which does elimate the need to hire a car!

One more tiny little bit of info - it's a disaster for sand storms!!!

Either way, if you are happy with your investment and its what you want to do, then best of luck.

Fionita
 
Fionita said:
I actually sell in property in Cape Verde, but at this stage I'm advising my clients not to invest there as there are not getting value for money like they were last year. (It just happens to be one of the countries features with the company I'm with)

You could spit from one side of Sal to the other, its that small. Which does elimate the need to hire a car!

One more tiny little bit of info - it's a disaster for sand storms!!!

Either way, if you are happy with your investment and its what you want to do, then best of luck.

Fionita
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I think I'll join AAM to make one post for the purpose of knocking Cape Verde. I don't think so. Nuff said.
 
ktwo said:
Every couple of months someone asks here on A.A.M about Cape Verde, and the same old slagging match kicks off. Well I would like to let the people know who are genuinely interested in Cape Verde that I was there for ten days in feb and even though there was not much to do, I thought the place was gorgeous.I was driven around for a couple of days and got to see where the golf courses are going, also where the water treatment plants are going, where the harbour will be etc etc. There are loads of other people who visit Cape Verde regularly for holidays such as Italians, Portuguese and Germans and have been going there long before the Irish ever heard about it. It`s really early days yet to be talking about rental yields,cause nobody has a clue what way its gonna go. Forget about Eddie Hobbs, he seems to have done the place more harm than good. Eddie Hobbs is not Cape Verde! My advise to the people really interested in purchasing property there ( Also for those slagging the place off) "GO to Cape Verde and see for yourself what this beautiful island has to offer and the protential it has". Yes there is not much to do at present in Cape Verde, but as the old saying goes Rome wasn't build in day.

If anyone wants to know more positives or negatives on Cape Verde I am only glad to give you my views.
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Good call Ktwo
 
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