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Cape Verde foreign investment levels looking promising, claims expert | 21 February 2012

Cape Verde is set to see growth in its real estate sector after experts predicted the economy will rise significantly by 2013, reports Property Wire.

A 7.1 per cent boost in the economy will be the catalyst for foreign investment, alongside a $66.2 million aid grant from the United States – a grant designed to increase growth and provide adequate infrastructure.

Adam Cornwall, managing director of Feltrim International, believes Cape Verde is a set of islands with a lot to give.

He told easier.com: “Cape Verde is a nation on a rapid up. It has halved its 1990 poverty level and in 2008 officially graduated from Least Developed to Middle Income Country status.

“Much of this positivity stems from one of the fastest growing tourism industries in the world and active encouragement of substantial foreign investment,” he added.

As a result of the nation’s prosperity, foreign investment in property is on the rise; which may prompt property magnates to invest in adequate property management software to help control their portfolio.

In addition, the increasing tourism market as well as property development will create numerous jobs on the islands, with 13,000 set to be up for grabs.

According to statistics, tourist arrivals continue growing at 20 per cent per annum; with 219,000 arriving in the first half of 2011.

Written by Ashley Curtis on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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