English | русский                              Call Us Free UK: 0808 160 0670 IR: 1800 932 514

Daily Bulletin:

TV property expert predicts UK property market recovery | Banks under pressure to cut rates | Olympian plumps for Brazil | Annual property show will put spotlight on Russian market

Cape Verde Development Sector Form Body

Cape Verde, the picturesque archipelago in the North Atlantic Ocean has recently become an investment hotspot for European and American buyers. Its success has been so great that a new trade body, Promitur, has been created with the aim of improving the real estate sector throughout the country.

The newly formed organisation had 30 members at its inception, from different parts of the real estate market. Members include developers, agencies, legal and financial advisers and the hope is that the number will increase to include the majority of the tourism and services sector.

The aim of the new body is to act as a voice for the property market's interests, promoting positive changes in the law and infrastructure developments. Just as importantly, Promitur also plans to serve as a major point of reference for investors considering the purchase of property in Cape Verde where problems or queries can be addressed.

James Gonzalez, Market Analyst at Obelisk, finds the formation of this association in Cape Verde very encouraging. "Cape Verde developers are taking the right approach. With the formation of this body, they are demonstrating to the world that the islands' development is being achieved in a thoughtful and regulated manner. They are putting their best foot forward."

Foreign investment in Cape Verde has brought with it an expansion in air services, including many direct flights from the UK. Also, the government has recently secured a €47 million loan from the European Development Bank to improve the port facilities at the port of Palmeira. The aim is to allow cargo ships to unload easier, aiding the development sector.

« Back

Rental Market Booms in Brazil’s North East

The north east region of Brazil is not only seeing a remarkable boom in new housing, but it is also experiencing a large increase in the home rental market, according to an article printed in one of the region’s leading newspapers.

Locating the Property Hot Spots

Although many property markets are stagnating, there are some areas which still have great potential for investment.

No Sign of the Credit Crunch in São Paolo

This weekend the world’s leaders got together in Washington at the G20 summit in a global attempt to solve the so-called global credit crunch.

A New Way to Invest in Spanish Property

Spain is a well-established overseas destination to invest in property and a prime favourite with investors from the UK – the Foreign and Commonwealth Office estimates that around 1 million Britons own a property in Spain.

Bank of England’s Massive Rate Cut

It was generally agreed that it was only a matter of time before bank lending interest rates fell even further, but most financial analysts were caught off guard by the Bank of England’s massive cut in rates last week.

Romania’s Economy Continues to Grow

At a time when many European Union economies are moving towards recession, others, like Romania, are doing considerably better.

Macedonia Property Hitting Investors’ Radar

Rugged and strikingly beautiful, Macedonia has been slow to reach the radar of international property investors. However, there have been signals lately that this might be changing.

St Lucia: Cheaper than You Think

When many people think of the Caribbean, the word “expensive” often comes to mind. However, there are still some corners of the Caribbean that offer excellent value for the money and St. Lucia is one of them.

4 Times Olympic Gold Medallist, Chris Hoy, Teams Up With Obelisk To Launch Its Laguna Beach Project

Chris Hoy, Great Britain’s triple gold medal cyclist at the 2008 Beijing Olympic Games and in the 2004 Athens Games, will be joining the team of investors at award-winning Obelisk as they launch their latest project, Laguna Beach in Brazil

Malaysia Reviews Rules for Foreign Investment

In an attempt to protect the country’s lucrative property market, the government of Malaysia has agreed to review the rules governing foreign investment.