Buying In Cape Verde

What is the legal system in Cape Verde?

It is a Civil law system based on Portugese law, with alterations to suit local traditions.

Is the Title of the Property Leasehold , or Freehold?

All Land in Cape Verde at present is Freehold.

What is the Public Deed?

Basically, the public deed is a document signed by both the buyer and the seller of the property upon its completion. It transfers title of ownership from the seller to the buyer.

What are the charges involved with a purchase in Cape Verde?

There are a small number of government fees that must be paid when purchasing property in Cape Verde. These include, an aquisition tax called IUP; this is 3% of the purchase price and is paid at the time of the public deed. The public deed itself costs 1.5% of the purchase price and registration of the property with the local authority costs 1%. All these costs are subject to change. Another cost to remember would be solicitors fees, these can vary.

What other costs are involved?

Other costs to budget for would include management fees to cover the running of the resort, and utility fees for using the service provider.

Does the contract have to be in Portugese?

It is not essential for the contract to be in Portugese, but it is preferred. Ocean View Resorts use a dual split contract with the Portugese version on the left hand side of the page, and the English translation on the right.

Why should I invest in a property in Cape Verde?

Simply because of the stable and fast growing economic environment, a Government that wants to attract foreign investment and the Euro that’s getting stronger and stronger should be good reasons to invest in Cape Verde. Also, the ‘all year round’ hot sunshine climate including fabulous temperatures during the European winter and no need for inoculations can be quite an attraction. Flights from the UK are on 5 ½ hours. International Airport shortly to open with World attractions such as Nikki Beach 5 star resort, and Ernie Els World Championship PGA Golf courses also will add prestige to the area.

Why should I invest in a Luxury Townhouse?

The Townhouses are very well located only a few minutes walk to the beach and 15 minutes from the colonial Port of Mindelo. Our 3 bedroom Townhouse will offer spacious rooms throughout including 2 bedrooms with ensuite bathrooms as well as a 3rd bathroom downstairs. Each Townhouse will have share of the infinity swimming pool boasting one of the most breath taking views over the Baia Das Gatas. Quality furniture packages are available and an optional roof terrace Jacuzzi with ocean views, and a solar panel water heating system. All our Townhouses are freehold. Luxury is what we do best!

I’ve made a purchase and would like to know what construction stage my property is at?

For your latest development news you can log onto your account by entering your details into the account login section at the top of the web page. There you will see your personal account displaying exactly what stage your property has reached so far, and when any payments should be due.

How do I make a reservation?

Please contact your sales agent to make a reservation. You will need to deposit €3000 with us so we can take your property off the market.