Location
The Cape Verde Islands are a tropical archipelago comprising nine inhabited islands, plus an uninhabited island and eight islets, in the Atlantic Ocean. The islands, formerly a Portuguese colony, are located 500 km west of the coast of Senegal (West Africa) , 2,400 km north-east of the coast of Brazil (South America) and one hour south of the Canaries.
Sal, with its international airport, white sand beaches, tropical climate and wide range of bars, restaurants and clubs, is fast becoming a major, cosmopolitan tourist destination.
The Paradise Beach resort is located on 28 hectares of south-west coastline on the island of Sal, within a short walk of the tourist town of Santa Maria.
The island is about 30km long and no more than 12km wide giving it an overall area of around 216 square km.
But the rapidly developing island with its hospitable resident population offers a varied range of hotels and, as well as offering a year-round holiday destination due its dry, tropical climate, is also an ideal investment location.
In 2009, the U.S. based Heritage Foundation and the Wall Street Journal devised an index of 157 countries focused on freedoms in business, trade, the tax system, monetary and financial liberty, employment, right to ownership and the fight against corruption. Cape Verde was ranked 77th, right after Italy and ahead of Brazil, Tunisia, Macedonia, Greece, Poland, Montenegro, Egypt, Morocco and Croatia.
Cape Verde is the only country in the world selected to be granted a second financing agreement from the
Millennium Challenge Account (MCA) programme of the U.S. government. This is based on the progress already made by Cape Verde with the first share of U.S. $110m which enabled the country to complete several infrastructure projects with new roads, bridges, harbours as well as modernisation in agriculture and training of human resources.
This second planned financial package is estimated at U.S. $300 to U.S. $400 million and will have a hugely positive impact on the development of Cape Verde infrastructures.
Cape Verde has an "Open Skies" policy which allows other airlines, in addition to the Cape Verde national airline TACV, to fly to Cape Verde, leaving room for competition and competitive air fares.
With the increasing level of facilities, infrastructure and ease of international access, the rising number of visitors to the islands will shortly represent superb re-sales potential for property owners in Paradise Beach.