Property Rental Market In Cape Verde

Along with the collapse in property prices here, the rental market has plummeted too. On one hand, fantastic for long term permanent rentals or short term independent holiday makers via platforms like AirBnB, a catastrophe as an investment. Rental prices have more than halved since 2010, fuelled by the over saturation of private investments made in property, initial lack of flights and today, opening of international hotels.

Infrastructure still has a lot to be desired with regular power outages and water being delivered by tanker lorry, which does not bode well to visiting virgins who perhaps can’t shower or cook when European utility acceptances are disrupted. Add the fact that rental apartments need to be fully furnished with linen, cooking utensils and crockery, added to the wear and tear, agency fees and government taxes dilute profits and it becomes no more than a break even equation.