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Overview Cape Verde is a rapidly growing property market and is in fact an archipelago of around 10 islands, with a population of approximately 400,000 people. The official language is Portuguese and the Islands have a history of tourism over the last 20 years, with tourism expected to reach 500,000 people per annum. The climate is excellent with around 360 days of sunshine per year and an average temperature of 25 degrees Celsius. Investor Statistics Capital growth is currently around 20-25% and there is no VAT on property. Building regulations are strict and direct flights are available from the UK. Taxation Alexander Richards would always recommend that you consult a tax specialist regarding your personal circumstances. Capital gains tax is set at 3% and inheritance tax at the same level. Tax on income is at 20%. Financing Mortgages are available and typical rates are 8%. You can borrow up to 70% of the value of the property on a 20 year mortgage. Always consult a financial advisor for advice. Location |
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Cape Verde
