The government in Cape Verde has dismissed rumours that it was going to ban the sale of land to foreign investors.

The economic development of Cape Verde, one of the fastest growing emerging property markets, takes a step forward later this month when the country become a member of the World Trade Organisation.

Cape Verde is being hailed as a model for emerging nations on how to create positive conditions for investment from overseas.

Encouraging words about the future of the economy in Cape Verde are expected to add to the increasing interest among property investors for this former Portuguese colony.

Two former Portuguese colonies are becoming sought after by international property investors. Both Cape Verde and Uruguay are seeing major investment.

Cape Verde is emerging as an affordable destination for the yachting fraternity with investors seeking to buy berths in a number of high end marinas currently under construction.

Cape Verde is emerging as both a tourism and second home destination but as more property investors make inquiries the demand for luxury property is on the increase.

With turmoil in other parts of Africa, it might be time for some property investors to take a closer look at Cape Verde.