The Boavista real estate market

Buying a house in Boavista is certainly one of the safest investments in Cape Verde. An apartment or a villa on this wonderful island can become an excellent income over time, both for the amount of tourists who visit Boa Vista every year, and for the progressive evolution of the country, which consequently increases the value of the properties.

Taxes are low, ownership is certain and prices are attractive for investments starting from € 30,000 and up. Most of the apartments are studios and one-bedroom apartments, but it is possible to find units with multiple bedrooms and it is also possible to buy land and build your own house on it. For larger or customized investments, various land facing the sea, sea view, or in the city center are available, with different possibilities of use and buildability.

The sales are official documents and therefore require the advice of specialists. The selection of proposed properties is managed by professionals and local agencies, who can advise you on the best investment and assist in the purchase procedures.

The procedure for buying and selling real estate is very similar to what happens in Italy, with a notary (in Cape Verde he is a public employee) who certifies the deed and registers it at the “cartorio”, the local notary office. Registration and stationery fees are very low. The property is full, transferable, inheritable, shareable among several people (relatives, partners). The Cape Verdean law also protects investors with some facilitations related to moving from another country and exemption from customs taxes inherent in a building for tourist use.

Apartments and villas for sale

Real estate, houses and apartments for sale in Boa Vista 4 results

P578

€398.000,00

Two-storey villa with sea view. Exclusive newly built villa complex,...

  • 3 beds
  • 4 baths
  • 159
€398.000,00

P479

€210.000,00

Spectacular duplex on two levels, in the residential area of...

  • 2 beds
  • 2 baths
  • 95
€210.000,00

P439

€75.000,00

The apartment is ideally located in the Estoril area, 10...

  • 1 bed
  • 1 bath
  • 73
€75.000,00

P118

€75.000,00

A wonderful apartment located a few steps from the beautiful...

  • 1 bed
  • 1 bath
  • 45
€75.000,00
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HOW TO BUY

After agreeing on the price and payment conditions between buyer and seller, the agency in charge between the parties requests the cadastral plan and presents it to the notary, who does all the necessary checks to certify its ownership, availability and regularity with the payment of local taxes. It is then verified that the property is free from restrictions. On the date of the deed, the notary certifies the payment and issues the purchase deed to the new owner, who can immediately dispose of the property, protected by full ownership.

Once you have decided to invest in Boavista, the process of buying a property starts right from your home: after selecting from the proposals indicated here, you can request the assistance of accredited professionals to identify the property that best suits your needs. If you wish, you can then arrange an exploratory trip to Boavista, a personalized investor, to visit the properties and discover a wonderful island.

HOW TO PAY

  • After choosing the property to buy, the agency checks the land registry documents and prepares the compromise contract, in which the buyer is asked to pay an advance.
  • The sale in front of the notary (the deed) usually takes place within 30-90 days from the compromise, but it is possible to negotiate the times between the parties. Upon booking the date of the deed, the seller pays the notary 1% of the sale value and the buyer pays a fixed cost of (current value: 150 €).
  • After the deed, the agency is responsible for delivering the documents to the Municipality, with which the transmission IUP (the tax on new ownership) is calculated. The buyer pays 1.5% of the purchase price, while the seller pays any capital gains tax.
  • The agency delivers the IUP payment receipt to the notary and the buyer pays the registration fee (200 €). Since that time, the property has been registered in the name of the new owner.

INVESTOUR

The tour begins with an interview to know about your investment preferences and interests, then proceeds with a personalized visit to properties, land and commercial activities in Sal Rei and Praia d’Chaves, presenting you the best options for sale, while discovering in a single tour of the beauties of the island.

A stop in a charming beach bar sipping a drink will allow us to answer all your questions about investments, and the process of selling properties in Cape Verde, while you relax and enjoy the splendid panorama.

POSSIBLE DEPARTURES (every day):
From all hotels and Sal-Rei: 09:00 AM

RETURN: Expected after about 3.5h (half day)

TRANSPORT INCLUDED
The 4X4 pick-up with the guide will pick you up directly at the hotel or in front of your accommodation. Further details will be provided after booking.

EXCURSION PRICE (per person)
€ 35 half day

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