Is it safe for me to buy? I’m a foreign Investor.
Cape Verde is one of the safest destinations to invest into as a foreign investor for many reasons.
- Any foreign investor can own property.
- Foreign investors enjoy equal property rights as Cape Verdeans
- Laws permit full transfer of money out of country from property sales
- Local Currency is pegged to the Euro (no wild currency swings)
- Low corruption
- Low crime rates
- Low risk of terrorism
- No political, social or religious unrest
- No natural disasters such as hurricanes
Do properties have title deeds?
- Properties have freehold title (there are very few leasehold properties – bars usually)
- Investors receive full property title deeds to prove ownership
Can my property be taken away from me by the authorities?
A question we are routinely asked is about the expropriation of property. That is when a property is taken away by the Government or Authorities. Horror stories in Spain have made buyers more aware of their ownership rights. However in Cape Verde, a property cannot take be taken away from its owner unless that property is situated in a location where a new Infrastructure project has to be made, for example, the building of a new Airport Runway, or construction of a new (and vital) road, etc.
In this instance, the authorities will compensate the property owner(s) with the value of the property or offer an alternative of equal value. For example, a house in Baia Das Gatas, São Vicente was knocked down to make way for a new road in a new urbanised zone. The owners were offered a new house close to the one that was knocked down.