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Key selling points
- Up to 20% discount
- Forecast 70% capital growth within 3 years
- Free furniture pack and legal fees
- Superb rental return
- Government assistance to help occupancy
- One of the very few true 12 month resorts in the world
Superb opportunity to buy into the latest Property Hotspot at discounted pre launch prices.
All the property experts have been telling us that Cape Verde is the latest property hotspot. Here are just a few of the reasons why.
It has a dry tropical climate with year round temperatures between 22 and 30 degrees. Flight times from Gatwick, Manchester and Dublin are around 5 hours 30 minutes with more flights becoming available over the coming months. Flight times from the east coast of the USA are a similar time with flights from continental Europe taking much less. The Cape Verde government are committed to overseas investment and are offering various incentives to investors. They are also working closely with both the Portugese and Spanish governments to help them achieve their goals.
Until now there have been little or no incentives to individual investors.
With the Dunas Beach development one, two and three bedroom apartments, together with three and four bedroom villas are being offered at 10 - 15% discount.
In addition to this discount there are six payment options, some of which offer a further 5% discount together with free legal fees of €2,200 and free furniture packs with a value between €9,000 and €16,000
Capital growth is forecast to be 70% over the next three years in Cape Verde.
Low occupancy rates will still generate a good rental return on investment. A monthly profit of circa €220 will be achieved on a one bed apartment with occupancy rates of just 25% and at the other end of the scale a four bed villa will generate a profit of €850 per month with occupancy rates of just 25% (assumed 50% mortgage and rates of €500 and €2,100). This is worst case scenario not taking into account higher prices by completion and better mortgages that are coming onto the market, just think what the best case could be with say 50% or 75% occupancy.
Dunas Beach resort is a 10 minute walk from the town of Santa Maria and a 15 minute drive from the international airport on Sal Island which is the most developed of all Cape Verde islands. The development is a mixture of apartments and villas with their own pools. Every property will have a view of either the beach, golf course or swimming pool (some villas will have all three aspects). The golf course will be a signature course with full details to be announced in the coming months. There will also be a small selection of commercial premises which will be retained by the developers.
This five star resort will be marketed as a family resort by leading tour operators.
One bed apartments start at €97,950 with one type only.
Two bed apartments start at €135,950 with six different types.
Three bed apartments start at €184,950 with two different types.
Three bed villas are from €299,950
Four bed villas are from €424,950
£4,000 or €6,000 reserves your apartment
£8,000 or €12,000 reserves your villa
35% deposit to be paid 90 days later with incentives for early or additional payment.
These prices, for five star accomodation, are lower than any other Cape Verdean project and in the region of 40-50% of Spanish prices. All the properties are freehold and will be purchased via a private purchase contract which is assignable at any time. The contract will be based on the Portugese legal system.
Mortgages for properties in Cape Verde have only recently become available via leading Portugese banks at a rate of 7% with a maximum of 80% loan to purchase. It is anticipated this situation will change over the coming months as various financial institutions will compete for investors business.
To summarise why you should seriously consider Dunas Beach as your next investment:
Up to 20% discount in a location everyone is calling the best property hotspot in the world
Free legal fees and furniture pack worth up to €18,200
Forecast of 70% capital growth within 3 years
Potential for high return on rentals even with a low occupancy rate
Government assistance to fill your property
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