Most popular property
Cape Verde has climbed into the top ten in the latest Top of the Props report from TheMoveChannel.com, bringing a fresh-faced rival to a league of hardened competitors.
In August, Cape Verde attracted 2.94 per cent of all enquiries on the overseas property portal, making it the ninth most popular property destination in the world.
The group of 10 small islands off the coast of Africa rose five places last month, joining the giants of Spain, USA, France and Portugal as buyers look for property bargains away from the usual suspects.
The main destinations all held on to their top five positions, with Turkey and Bulgaria continuing to hover close by, but Cape Verde’s summer success was a surprise for many as the country punched above its weight to replace Barbados and Cyprus as a growing property market.
Director Dan Johnson comments, “It’s not easy for new investment destinations to challenge the established order, as the countries that make up the top five in this month’s report are very well-established.
To put a new destination on the investment map usually takes a concerted effort from agents and developers with a vested interest in promoting a country or region. However, there hasn’t been any significant recent upsurge in marketing activity for Cape Verde – it seems that buyers are making their own minds up that it represents good value, with reliable weather and an improving tourist infrastructure.”
The increase in Cape Verde’s popularity arrives as the southern islands face warnings of a possible cyclone this week. Offering a tropical climate at a lower price than the Caribbean, Cape Verde will be weathering the storm of interest for some time to come.
The full breakdown of the Top 40 is as follows:
Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
The website address is http://www.TheMoveChannel.com and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.
