Cape Verde property investment looks up

Cape Verde

23rd July 2008
Following Cape Verde's acceptance into the World Trade Organisation, experts are predicting a property boom in the country saying it is "very, very positive for anybody looking to buy over there".

The northern African island nation has officially become WTO's 153rd member state which is predicted to be good news for investors as "massive stability" can now be expected.

"Having this sort of accreditation will give greater credibility and create more opportunities for the whole Cape Verdean economy," said Robert Medd, co-owner and sales director of Emerging Real Estate.

The former Portuguese colony, which is well know as a tourist destination, is set to benefit even more as increased direct links to the country, which may bring more tourists and investors, are expected.

Halcyonair-Cabo Verde Airways has reportedly already secured Air Operator Certification from the Aviation Agency, according to Panapress, a move that is likely to meet increasing demand for flights to the destination.

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