Released on: January 30, 2008, 8:35 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Cape Verde was hailed in many quarters last year as a growing
market for property investment, not just from the UK and elsewhere, with many
complementary developments such as new airports, flights and growing tourist
numbers.

Press Release Body: Cape Verde was hailed in many quarters last year as a growing
market for property investment, not just from the UK and elsewhere, with many
complementary developments such as new airports, flights and growing tourist
numbers.

Some might have imagined that such developments, as in many new markets, would slow
down. Instead, however, it appears the reverse is true. Good news stories which may
boost the popularity of the tropical archipelago keep on coming.

Earlier this month Darren Mitchell, director of property firm Cape Verde pointed out
some of the advantages of the country, such as the \"stable democratic system\"
enjoyed by the islands, a clear advantage over some other African countries but also
significant because that government in turn was pursuing \"a market orientated
economic policy with a welcome to foreign investors\".

All this came alongside the climatic and scenic attributes and the lack of jetlag
brought about by flying from the UK to a place in the same time zone, he said.

This economic liberalisation has certainly made progress, according to the Heritage
Foundation Economic Freedom Index 2008, Macauhub reported today. The legislation
passed by the Cape Verdean government has pushed the country up the scale by 1.3 per
cent between 2006 and 2007, to an index rating of 58.4 per cent.

While this still leaves Cape Verde 88th out of 157, the foundation made clear that
the direction it was taking was the right one, noting that \"the better investment
climate and reduced corruption\" were key elements of this progress.

Significantly for investors it stated: \"Cape Verde property has good scores in
monetary freedom, investment and particularly in property rights, where it has a
result of 24 points above average,\" adding: \"In comparison with neighbouring
countries, property rights are very well protected within the law.\"

While some areas of law and tax needed more work, the index said, this account
therefore represents progress in a way which can encourage investors in property.

Nor is that the only form of progress. Infrastructure growth in recent months has
included projects such as the creation of the airport at Boavista. Another
development, also reported by Macauhub, is a major renewable energy project
utilising the water and solar resources of the island of Santo Antao, with 70 per
cent of the cost being met by the European Union (EU).

Such investment from the EU is not only a welcome boost for the economy of the
archipelago. It also means that the growing energy resources of the islands will be
better able to cope with the extra power usage of new homes and other amenities,
from street lights on new roads to the power used by new tourist attractions.

It appears Cape Verde\'s light is shining brighter and brighter.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site: http://cape-verde.assetz.co.uk/

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire,SK7 5DA

fax:0845 400 6010

email:linkexchangeseo@gmail.com