Cape Verde has been in the press over the last few weeks due to its up and coming status on the world stage.

The Island of San Vicente in Cape Verde signed an agreement with Spain’s Canary islands and the Portuguese archipelago of Madeira to promote and operate cruises in the mid-Atlantic.

The agreement will help forge better relations with the countries and includes an exchange of information about events, carrying out competitiveness studies, statistical information management and adopting common security measures.

The benefits of welcoming cruise line tourism are tremendous with high net worth individuals visiting the islands. It will help boost the local economy and will provide more jobs for the islanders. The port infrastructure will also be improved due to this agreement and will have a knock on effect for the local area.

The property boom in Cape Verde is already well underway, bringing Continue reading ‘Cape Verde foreign investment boom’

Definition of Property flipping: To sell on or assign a contract.

Property speculators place deposits on units before they are built (off plan), with the intention of selling them on at a healthy profit before they have to pay the rest of the purchase price. Investors buy at a discounted price when a development is launched and before construction has started. Once construction is well underway and is close to completion assigning the contract is the next priority. This saves the initial investor a substantial amount of money as they don’t need to pay all the completion costs including a mortgage.

Some pointers to note:

1/ Selecting an area and location of property

This is the most important point. Continue reading ‘The art of flipping off plan property and new homes’

As the environment and global warming are hot topics of the moment, investor’s interest in eco friendly property developments is on the increase. Many of us don’t associate Malaysian Borneo as a property development hotspot, but the Nexus Resort at Karumbunai may change your mind.

The resort itself is situated 30kms northeast of Kota Kinabalu and is located on 3,335acres of lush tropical surroundings known as the Karumbunai Peninsula. The rainforests in this part of the world are Continue reading ‘Malaysian Borneo eco property development’

We have decided to do a round up of overseas property news in the press this week. To read the full story click on the link.

Spain and Portugal are always going to be high on the list of many British buyers. Short flying times and the fact that these markets are well established puts them streaks ahead of their competition. Read More from the Independent…

Its silver surfer week and the over 50’s are embracing the Internet and in particular using the web to search for overseas property. Read More from the Independent…

Is Montenegro the next hotspot? Prices are lower than popular Croatia and forecasted prices rises of 25% this year. Read More from the Timesonline…

Sri Lanka | Australia and Manhattan  get the overseas property headlines over at the timesonline.co.uk this week. How we dream for warmer climes.

In some parts of the US it looks like sales of New Homes are unexpectedly up.
Source: nytimes | businessweek

An increasing number of Welsh are buying property abroad and in particular Bulgaria.
Read More from the Sofiaecho…

The gap between new homes and existing property prices is getting smaller in South Africa. Read More from Fin24…

How to cut the cost of buying a property overseas, ever thought about fractional or co-ownership? Read More from Thisisyourmoney…

Sales for real estate in Kuwait hit an 8-month high in April and loans for new construction rose by 32%. Read More from the OPP…

The island of San Vicente, Cape Verde is quietly poised on the brink of some very interesting developments that the eagle eyed investor should not overlook.

Cape Verde itself is now an investment hotspot where the landscapes on many of the islands are changing by the day. San Vicente has long been the Cape Verdian island of culture and is now quietly forming plans, which may launch it into an elite holiday destination and thriving business centre.

The West side of the city of Mindelo will become the city’s business park, surrounded by the mountain range behind and overlooking the beautiful blue bay, soon to be home to more flotillas of light craft, once construction of the grand marina is complete.

An extension to the island’s main airport runway near San Pedro will enable it to accept smaller international charter flights by 2008.

San Pedro beach on the West coast will be home to a new resort called San Pedro village being marketed by Solem Online. It will be the only development to be built in the the area and will stretch alongside 500m of sandy beach. There are plans to encompass a tropical filtered salt water pool and artificial beach at it’s heart. The village will comprise largely of bespoke individual split level houses and villas connecting a network of shops and restaurants. Prices are likely to start at around €120,000 for units in Phase 1. The development is due for official public launch in June. Contact Solem Online to be the first to know when this development releases.

Behind San Pedro on the south eastern edge of the island, the government have recently approved plans for a new golf resort. Still in the early stages of discussion and no further details can at this stage be disclosed however, getting the green light for such developments has been notoriously difficult on the islands to date.

Clearly San Vicente is destined for greater things than are currently visible on its creative bustling shores.

Cape Verde fact file
 
Mindelo
    -main port in Cape Verde
    -colonial past with british routes from the 18th century
    -cultural capital of Cape Verde
    -all services available
    -stop for transatlantic cargos/ferry liners
    -brand new business park in West with grants for foreign investment
    -airport: currently stop for transatlantic private jets for refueling + repairs. Extension underway to accept charter flights.
    -hub for san antao/san nicolau
    -development: apartments + villas
 
San Pedro
    -prime location
    -close to airport
    -exclusive developments: top resort
 
Bahia das Gatas
    -international recognition due to its summer music festival
    -weekend retreat for mindelo locals
    -development: hotels
 
Calhau
    -small village
    -stunning view
    -long beach
    -development: villas
 
Flamengos
    -new golf resort in the planning, just approved by government

An Introduction:

Internest.com (iNest) started life in 1997 and has helped buyers and developers communicate ever since. Internest.com joins a group of real estate sites, which have been acquired by LendingTree, LLC over the past few years.

iNest has developed many strong relationships with US house builders and developers, which has helped fuel its rapid growth. The new property website has streamlined the process of buying a new home and gives buyers 1% rebate on the base price cost of the home they purchase. The client is limited to the house builders that iNest have relationships with, but with over 11,000 communities to choose from, there is a home for most buyer’s needs.

As a client:

The process is easy; this is how it works: Continue reading ‘iNest saves buyers money on new homes in the USA’

As wealth increases the demand for luxury real estate is on the up, as increasing numbers of Hungarian entrepreneurs and top managers seek luxury properties. Market analysts expect prices in this bracket to mimic Paris and New York in the near future especially as people move back into the city as downtown Budapest gets a facelift.

The widespread property development trend of Mill Conversions in the UK has spread to Hungary. The latest development to hit the Budapest real estate market is Mill Lofts, a conversion of a landmark building, the former Gizella Malom (Gizella Flour Mill) is being converted into luxury loft-style apartments. Located in the 9th district puts you right in the heart of Budapest and short walk from everything you need, public transport, motorways, airport and major city attractions.

A unique living concept in Budapest, these 104 flexible loft spaces will different, individual living solutions. Apart from the location of the bathrooms and kitchens, purchasers may choose their layout nearly freely. The Mill conversion aims to preserve the industrial feel and character of the premises as a whole combined with a luxury quality specification. Continue reading ‘New Mill Developments for Sale in Budapest Hungary’

The Budapest Sun Online this week reported proof of Hungary’s ever growing stature as a tourist destination, with the news of four new airlines operating routes into Hungary. Atlanta-based Delta Airlines, will fly five times a week between Budapest Zrt and JFK Airport, New York, whilst Irish budget airline Ryanair has started three weekly flights to FlyBalaton airport at Sármellék, close to Lake Balaton and expects to carry some 40,000 passengers on the route in the first year of operations. May 1 saw Finnish scheduled airline Blue1 (owned by SAS Scandinavian Airlines) launch a thrice-weekly seasonal connection with Helsinki to Ferihegy. Finally, Czech airline Smart Wings, the republic’s first low cost airline, announced that it was planning flights from Budapest to Paris (seven times a week) and Rome, Milan and Prague (six times a week) however there is no fixed start date.

Tourism has been a major force in Hungary’s economy Continue reading ‘Budapest Obuda island resort development to create major tourist and yachting centre’