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Key selling points
- Frontline Beach
- Chance to purchase plot then build villa
- Ability to sell plot when infrastructure in place
- Finance available for the villa build subject to status
- New Marina
- Superb Location
Plot prices from: €75,000 for a premier plot and €125,000 front line plot
(available with a pre-launch 15% discount)
The Development This is without doubt one of the best developments we have had to market.
This development will offer something for everyone. Excellent climate, beach frontage, new marina and at a highly competitive price structure.
This is your chance to potentially own your own bit of paradise. This development is structured to enable you to maximise your investment. You will be able to purchase your initial plot, with a further payment then due for the infrastructure and your final payment then structured over twelve months for the construction of your luxury villa.
Constructors finance will be available for your villa up to 100%
MAIO ISLAND Maio is located in the south of the Cape Verde archipelago and was discovered in 1460 and named after the month it was founded – Maio means May. The economic activity of Maio was limited for a long time to the breeding of goats but in the 17th Century the production of salt brought more people to the island. Nowadays the fact that Maio has the second largest airport in Cape Verde means a tremendous potential for tourism and property developers are starting to show great interest in the location Maio Island is fairly flat with Monte Penoso its highest point measuring 436 metres. The longest point in the North-South direction of 24km, and the widest in the East-West direction of 16km.
The climate of the island is dry and there are many beautiful white sand beaches with crystal clear waters. There is a project of reforestation being carried out on the island with acacia trees.
Maio is a quiet and friendly place, dry, arid and essentially flat, the highest point of the island is Monte Penoso, with an altitude of 436 meters. There is very little irrigated land here, although the island does boast the biggest forest park in Cape Verde. Beach Front on the development site Two parcels of land in Ponta da Boca Miao, Cape Verde. Each parcel approximately 50 hectares. 1,000,000 square meters of land. 25% for infrastructure 750,000 sq m remaining. 50,000 sqm commercial – Marina development, bars, fitness centre, restaurants, hotels, shops etc.
700,000 to sell as plots for luxury Villa’s, approximately 1,000 sq m each (around a quarter of an acre each) each Villa of around 200 sq m each (2,150 square foot). Total 600 Villa’s. Plots prices range from 60,000 to 125,000 euros depending upon position. Plots of 1000 sqm are sold freehold, with title deed and full planning permission for a 200 sqm two storey villa. Cost of plots are between 60,000 and 125,000 euros depending on position.
Example based on 60,000 euro plot: 2006 Plot cost without infrastructure € 60,000.00 2009 Infrastructure cost € 35,000.00 2010 Build cost at €875 per sqm 218,750.00 (Build Cost 2006 €650 per sq m) Total cost of finished Villa excluding pool €313,750.00 2011 Estimated value €850,000.00 Estimated profit €526,250.00 Payment Structure: Pre Launch Refundable Holding Fee £ 1,000 Reservation fee due on launch € 5,000.00 (Less the £1,000 holding fee) (non refundable at this stage) 45 days following reservation € 55,000.00. 2009 Infrastructure cost € 35,000.00 2010 24 equal payments of € 9,114.00
DO NOT WAIT AND BUY LAND, BUY LAND AND WAIT Places to visit. Maio Maio is about 2km from the airport and is right next to the sea. The small port here is where the fishing boats are moored and nearby is the fortress built in the 18th Century to defend the town from pirates. Overlooking the town is a magnificent church surrounding by stunning flower gardens and a cooperative building spectacular because it is built in the form of an African hut. Morro Morro is a small village built on the road side. Here you can sample some of the local handicrafts or relax or fish on the attractive beach with its clear waters. Just up the road from Morro you can visit the now abandoned salt pits. Baia de Santana This is a deserted white sand beach in the shape of a semi circle notable because this is where the sea turtles come frequently and lay their eggs.
ENTRY REQUIREMENTS British nationals require a visa to enter Cape Verde. Cape Verde is represented in the UK by the Honorary Consul Mr Joao Roberto. He can be contacted at 18-20 Stanley Street, Liverpool L1 6AF (tel: 0151 255 1314, mobile 07788 428932; Joao.Roberto@capeverdeconsul.com) or contact the Cape Verde Consulate in Rotterdam, Mathenesserlaan 326, Rotterdam 3021 HX; (tel: +31 10 477 8977; fax: +31 10 477 4553).
For those travelling via Senegal there is a Cape Verde Embassy in Dakar. Specialist travel agents dealing with Cape Verde can also arrange visas. HEALTH We strongly recommend that you take our comprehensive medical and travel insurance before travelling. This should include cover for medical treatment and evacuation, accidents, cancelled flights, and stolen cash, cards, passports and luggage. You should check any exclusions, and that your policy covers you for the activities you want to undertake Reason to Buy in Maio
REASONS TO BUY Significant increases in property prices expected. Air and sea temperatures are 3 degrees warmer than the Canaries. Sunshine levels of 10 to 12 hours per day, year round. Very little rainfall. Stable social, political and economic country with negligible crime levels. A multi-party democracy, supportive of foreign direct investment. International Airport opening on Santiago with direct flights only 5.5 hours. Maio is a 10 minute flight from Santiago. Beautiful unspoilt beaches Exchange rate value of local currency is fixed to the Euro.
*Picture of villa is an artists impression*
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