At A Glance: Cape Verde Property Buyers Bank On Boa Vista

By on April 8, 2013
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More than half of the people buying property in Cape Verde bank on Boa Vista, according to TheMoveChannel.com’s latest At a Glance infographic. The island may not be Cape Verde’s biggest but it certainly is the most popular, accounting for 53 per cent of the country’s property enquiries on the overseas portal in the last 12 months.

The infographic, which depicts activity on the site over the last year, shows that Sal is the second most popular real estate destination, responsible for 39.1 per cent of enquiries, followed by Sao Vicente, generating 3.98 per cent.The largest island, Santiago, is far less in demand, ranking in sixth place with just 0.6 per cent of enquiries. Despite this, Santiago attracts almost the same number of island-level searches as Boa Vista (19.9 per cent and 22 per cent respectively).

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On a more localised level, too, Cape Verde’s capital Praia (located on Santiago) is the second most sought-after destination, attracting 22.57 per cent of searches. Sal is home to the most searched-for place, with 62.87 per cent of searches directed straight at the island’s town of Santa Maria.

Boa Vista’s Sal Rei, on the other hand, receives only 6.33 per cent of buyer searches.But while Santiago and Sal are top of investment wish lists, when it comes to sealing the deal, buyers consistently end up banking on Boa Vista.

Editor Ivan Radford comments:

“Sal has traditionally been the most popular island in Cape Verde, but this month’s At a Glance infographic (picture attached) is a snapshot of Boa Vista as it overtakes Sal as the property hotspot of choice. The island’s profile has been rising for some time among tourists – it now outperforms Sal by the number of guests arriving. Buyers may still look to Sal’s Santa Maria first, but either because of its improving investment potential or because there are simply more properties for sale on the island, Boa Vista now comes out on top for transactions. In another year’s time, Boa Vista’s red dot may well be even brighter.”

The infographic also shows buyer behaviour on Google in the last 12 months. The most commonly used term for searches was “Cape Verde property”, followed by the equally general “property for sale in Cape Verde”. More specific search terms, such as “houses for sale in Cape Verde” and “apartments in Cape Verde”, occurred in almost no searches at all.

Editor Ivan Radford adds:

“The lack of searches for specific types of property in Cape Verde is surprising, especially compared to previous At a Glance reports for other countries. The relative size of the country’s islands, though, seems to make investors less concerned about the kind of real estate they are buying, choosing instead to focus on location.”