Benefiting from the position within the tropic of Cancer benefit from a year round average daily temperature of between 27C to 31C. Due to Cape Verde’s position in the Atlantic Ocean it shares the same latitude as Barbados, making it an all year round sun soaked haven.
Palm View Resorts being built on the island of Boa Vista was meticulously investigated by the Ciaran Maguire Group
before the land acquisition in early 2007. Since that time the development has been progressing and will be the first 5 Star Resort at the site of Praia de Cabral near to the vibrant town of Sal Rei.
The investors that have purchased on the Palm View Resort Cape Verde will be the next generation for beach front ownership and have received reports from the Ciaran Maguire Group about the economic growth that Cape Verde is experiencing at a steady rate. It rates as one of the top destinations to holiday and was voted the top property investment location on the Channel 4 Tv series “A Place in the Sun”. The MoveChannel.com listed Cape Verde in its’ Top Ten latest Top of the Props Report In March 2012, and in August last year Cape Verde attracted 2.94% of all enquiries on the overseas property portal.
The Government in Cape Verde continues to invest in tourism and infrastructure, with new shopping area hospitals and health centres recently opened in Boa Vista. The Island has been supported by government expenditure amounting to Billions of Euros for services and utilities.
Resort welcomes a wide diversity of travellers from the thrill seeking kite surfers, mountain bike terrain riders to the deep sea divers which flock to Islands from Europe USA and the UK. The travellers find easy access from the 4 international airports, with flights increasing by 400% over the last two years, where the demand outstrips the supply and investors and the room rates increasing every year to accommodate the sort after hotspot. Those who regularly visit the islands know that it is important to book well in advance and they often find the larger hotels already on the islands can be booked out several months of the year with limited spaces for those lucky enough to have a cancellation.
Investing in the project of Palm View Resorts means that the economic and political stability of the country is important and Cape Verde enjoys a stable democratic system. Its multi party democracy actively encourages foreign investment.
The GDP per Capita at current prices in US dollars in Cape Verde was reported at 3444.70 U.S. dollars in 2009, according to the International Monetary Fund (IMF). In 2015, Cape Verde's GDP per Capita at current prices in US dollars is expected to be 5040.43 U.S. dollars.(Wikipedia)
Between 2000 and 2009, real GDP increased by over 7% per year, well above the average for small islands countries. The economy is service orientated, with a small part of GDP contributing from agriculture and fishing. (IMF report)
Ciaran Maguire Group research into the economic growth this year for the islands discovered that Cape Verde produced a higher rate of GDP per capita in 2011 than South Africa. The development is set to complete in 2012.
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Ciaran Maguire Group Ltd.
Castle Baggot House,
Dublin 22, Ireland
Phone: +353 1 625 1542
Phone: +353 1 625 1544
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