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.