What does it actually take to buy a holiday home in Cape Verde? Let’s dive into all the important aspects you need to consider before finding your perfect home.

Popular places to buy a house in Cape Verde

Where in Cape Verde would you like to live or invest? Here are some popular options that are definitely worth considering.

Santiago

As the largest island, Santiago offers a mix of urban and rural atmospheres. The capital, Praia, is the administrative and economic centre of the country.

Sal

Sal is famous for its beautiful beaches and luxury resorts. It is a top tourist destination and therefore a great place to find rental property.

Boa Vista

Boa Vista, known for its dunes and turtles, attracts adventurous travellers. It also offers some of the most remote and unspoilt locations.

Important legal considerations

Buying property in Cape Verde can be different to what you may be used to. Here are some legal considerations that you should not miss.

Property rights

Always check the ownership rights of the property. Make sure that the seller is the rightful owner and that there are no pending legal disputes.

Notarial deeds

All property transactions must be conducted through a notary. This ensures that the sale is legal and binding.

Taxes

Property taxes in Cape Verde are relatively low, but it is important to be aware of all the tax obligations that come with the purchase.

The Rental Market in Cape Verde

If you are considering renting out your home, it is important to understand the rental market. The following are important things to consider.

Rental prices

Rental prices vary greatly depending on location. In tourist areas such as Sal and Boa Vista, you can expect higher rental prices.

Rules and regulations

There are specific rules for renting out property in Cape Verde, especially when it comes to short-term rentals to tourists. Make sure you have all the permits and licenses.

Maintenance and management

Consider hiring a local management company to maintain your property and manage the tenants. This can save you a lot of stress and hassle.

Helpful tips for buying a home in Cape Verde

In addition to the above points, there are a few additional tips to keep in mind when buying a home in Cape Verde.

Local realtors

Work with a local realtor who is familiar with the market and the laws and regulations. This can save you a lot of time and hassle.

Financing

While it is possible to get a mortgage in Cape Verde, many foreign buyers choose to pay for their purchase in cash to make the process easier.

Site visits

Visit Cape Verde in person to get a good feel for the different islands and neighborhoods. This will help you make an informed decision.

Buying a holiday home in Cape Verde, the conclusion

Buying a holiday home in Cape Verde can be a great investment and a dream come true. With the right knowledge of the market, the laws and regulations, and a good understanding of your own needs and goals, you can make an informed decision. Whether you are an expat looking for a heavenly place to live, or an investor looking for a lucrative return, Cape Verde has something for everyone.

Are you ready to start your search? Start your search at one of the Second Home fairs in the Netherlands or the Second Home Expo in Belgium. Here, different countries are represented and you will find various projects, real estate agents and financial advisors under one roof.