Português
English
Is Cabo Verde Open to Foreign Buyers?
Yes. Cabo Verde is one of the most open African countries to foreign real estate investment. Generally, foreigners can purchase property with the same rights as nationals, provided they meet the legal requirements.
This factor sets Cabo Verde apart from many emerging markets and is a key reason for the country’s international appeal.
Most Sought-After Properties by Foreign Investors
Foreign investors tend to focus on:
Tourist apartments
Holiday villas
Properties in gated communities
Seafront properties
Second homes
The choice of property type should align with the investment objective: personal use, rental income, or future appreciation.
Step-by-Step Legal Purchase Process
Buying property in Cabo Verde involves a formal process that should be followed carefully:
Property Verification
Ensure the property is properly registered in the Land Registry and free of liens or disputes.
Promissory Purchase and Sale Agreement (CPCV)
Usually accompanied by a deposit, typically between 10% and 30%.
Public Deed
Executed before a notary, formalizing the property transfer.
Definitive Registration
The property must be registered in the buyer’s name in the Land Registry.
Independent local legal counsel is highly recommended throughout the process.
Costs Associated with Purchase
In addition to the property price, buyers should consider additional costs, including:
Transfer taxes
Notary fees
Land registry fees
Legal fees
Possible brokerage fees
On average, these costs represent approximately 6% to 8% of the purchase price.
Legal Security: Key Points to Check
Despite the favorable legal framework, risks must be mitigated, such as:
Properties without complete registration
Land with a history of disputes
Constructions without valid permits
Incomplete or delayed projects
Thorough document verification is essential to avoid future issues.
Financing and Currency
Local financing is available for foreigners but is limited and usually less competitive than in European markets. Many investors choose to purchase without local credit.
The Cape Verdean escudo is pegged to the euro, reducing currency risk for European investors.
Practical Tips for Safe Buying
Never proceed without complete legal verification
Avoid informal payments
Work with licensed local professionals
Visit the property and area in person whenever possible
Align expected returns with market reality
Buying wisely is more important than buying quickly.
Conclusion
Buying property in Cabo Verde as a foreigner is an accessible process, but it requires method, information, and proper guidance. The country offers real opportunities, but success depends on the quality of analysis and decisions made before purchase.
With the right approach, Cabo Verde can be a safe and strategic destination for international real estate investment.