Cape Verde attracting luxury investors

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.

The archipelago's strategic position and nautical history and overcrowded image of the Costa del Sol and the South of France mean that modern-day sailors are discovering the virtues of the waters around the islands.

Due to Cape Verde's location off the coast of Africa and en route to Europe, the islands were once an incredibly important trans-Atlantic shipment point and an important port for ship repairs and provisions requirements.

Nowadays the main port at Mindelo on Sao Vincente is more famous as a stop off point for luxury cruise liners. But as is has a year round sailing season, ideal wind conditions, warm waters and some challenging sailing conditions between the islands, Cape Verde is becoming increasingly popular with both seasoned sailors seeking fresh horizons as well as those wanting to learn the basics or hone their sailing skills.

Cape Verde is now home to more than one sailing school and multiple marinas are under construction within luxury residential resorts in which keen and amateur yachtsmen and women can moor and take in the delights of the islands.

Those who move quickly to secure their berths at the islands' high-end and exclusive marinas will do well over the long term in investment terms according to Adrian Lillywhite, managing director at Cape Verde Property Ltd.

'There are many investment approaches that are proving successful in Cape Verde at the moment. For those simply interested in buying properties to let, rental yields of up to 8% are being achieved easily because there is increasing demand for holiday accommodation, and this demand exists year round. For others seeking investment diversification, a new opportunity is presenting itself across the main islands of Cape Verde, and this opportunity comes in the form of marina berths.

Seasoned investors know that waterside living is one of the fastest-growing trends in the real estate world especially when a marina berth is included, and keen sailors seeking a luxury property and a well serviced berth,' he added.

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