Over the past six months, the number of enquiries Conti has received from prospective property buyers looking to invest in Cape Verde has soared, indicating there was a need to address this growing market.
Product details:
- Available to a maximum LTV of 50% with rates starting from approx 7.45% and a minimum loan amount of € 50,000
- Available to a maximum LTV of 85% with rates starting from approx 7.95% and a minimum loan amount of € 50,000
Two bedroom apartments are currently available in the region of €150,000 to €155,000. On Boa Vista, a beach island which is undergoing significant development, prices vary from as little as €65,000 for a two bedroom apartment, to €155,000 in more prestigious developments.
Simon Conn, managing director of Conti Financial Services Ltd, said: “We’re delighted to be entering into the new mortgage market of Cape Verde. This expansion in our offerings is a direct response to the increasing demand from people in the UK wishing to invest in Cape Verde property.
"The islands are currently enjoying large investments in property development and a new airport is attracting both scheduled and charter flights from the UK. With its tropical climate and mix of African and Portuguese culture, this could become a very popular investment location for UK nationals wanting to experience year round sun and relaxation.”
Conti Financial Services Limited is an independent overseas mortgage specialist with over 13 years trading experience. Conti offers packaging services for loans secured against overseas residential property, and can arrange finance on holiday homes, investment and retirement properties in over 40 countries, with over 225 mortgage products currently available.
