Cape Verde » Mortgages

Guide to the mortgages in Cape Verde:

Keep in mind that for many countries, there is often more than one deal available and this page merely represents an overview of the typical requirements.

The deficient of local mortgages could be interpreted by many as a disadvantage, but it means that the market is indeed in the early stages of development, allowing international property purchasers to source excellent quality property at remarkable prices. What is more, the Cape Verde market promises some of the best possible capital appreciation rates worldwide and a future rental market that will rival many other major holiday destinations.

There is already talk of many developers in Cape Verde starting to make progress by offering mortgages to off-plan buyers but the inconsistency is that as the financial stability of the area increases and mortgages are become more readily available, the best investment opportunities will already have gone.  Prices will undoubtedly rise substantially when this happens and, as with every emerging market, it is the very early investors who see the potential in the area that make the most substantial returns on investment.

Cape Verde banks are now offering Euro rate mortgages to foreign buyers investing in off plan properties. The maximum loan is 50 % against the total value. If the mortgage is for an existing property, then the Euro rate mortgage will rise to 80 % of total value.