Best advice for the newest markets

                                                                                         

Since the credit crunch struck investors in property have sought to respond in a variety of ways, each according to their circumstances and wider ambitions. While some have held on to their assets at home or abroad - perhaps even adding to them - in anticipation of longer term gains as the market moves into its next positive phase of the cycle, others have sought out new markets which are growing fast, as international conditions are overwhelmed by favorable local factors.
Cape Verde has been identified as one such location. The sales and marketing director for Sands Developments Cape Verde Katy Katani told easier.com: "We have witnessed an increased number of investors looking for opportunities in Cape Verde due to the downturn in the UK buy-to-let market."
This, she added, was driven by increasing tourist numbers, stating: "The tourist market is really taking off there which is fueling demand from investors - since 2000 we have seen an increase in tourism of 24 per cent annually."
All this has been aided by the expansion of the range of air services as new airports have appeared and new air routes have started, including direct flights from Britain. But there could be even more coming the way of Cape Verde in terms of investment opportunity if one recent prediction is fulfilled. Property showrooms.com reported earlier this month that the newly appointed US ambassador to the country, Marianne Myles, suggested the nation could become a "transatlantic bridge" for international trade due to its position on global shipping routes. Adding this to her observation that the country already enjoys good growth, stable democracy, is becoming a member of the World Trade Organisation this year and has strong trade links with the US and
European Union, Ms Myles suggested the economic future was very sound.
Such a series of advantages may help underpin the markets in the country, but the government of Cape Verde has not stopped there, the same website reported a few days later. It has launched an initiative in which a code of conduct must be adhered to by suppliers of items such as furnishings to investors, thus ensuring buyers are not affected negatively by unreliable operators as has happened in some other locations.
Of course, those investing in emerging markets should in any case, seek the best advice available, stated Emma Holifield, public relations and Marketing Executive at overseas property portal Property Frontiers. She stated: "Employing the help of necessary parties will ensure that your Cape Verde purchase runs as smoothly as possible. This is especially important in emerging markets where the prospect of buying Cape Verde property for investment may be a new one and the amount of proven professional support limited."
Once such people were employed, she said, this would eliminate the risks of threats such as unscrupulous operators or problems with titles. Avoiding such problems in its own market seems to be something Cape Verde is very keen to do.

About the author:
Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property.

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