TRG Property Sales

Cape Verde

A thriving tourism destination, the Islands present a proven investment opportunity


A ten-island archipelago just off the west coast of Africa, Cape Verde is a tropical paradise in the middle of the Atlantic Ocean. Boasting 350 days of sunshine, temperatures are consistently between 25°C and 30°C and the waters surrounding the Islands are crystal clear. Cape Verde is famous for their ‘No Stress’ mantra and laidback lifestyle, making it the ideal holiday destination.

Tourism numbers have increased 115% since 2000 and are expected to double again by 2024. This thriving tourism is thanks, in part, to the impeccable Cape Verdean hospitality standards, as well as the year-round high climate. This fast-growing interest has led to high levels of demands for quality accommodation, often outstripping supply considerably, which is why The Resort Group PLC earmarked the country as the perfect chance for rewarding property investment.

The recent and on-going prosperity of the Cape Verde Islands is largely connected to the continual growth in tourism. However, this has been combined with a democratically elected and stable government structure and a clear strategy to develop the Islands in line with that increasing touristic demand.

This strategy includes key infrastructure improvements and modernisation, including supporting foreign investment and leisure development, as well as modernising the utilities, telecommunications and transport links. In addition, efforts have been concentrated on increasing investment in social projects and improving the quality of life for the Islands’ inhabitants as new opportunities become available to them. There is also considerable investment in key education and housing projects.

Tourism analysts predict the Islands are set to rival beach Resorts in the Caribbean and the Canaries over the next decade and here’s why:

  • All-year round tropical climate with no low season or hurricanes
  • A renowned sunshine destination with some of the best beaches in the world
  • Direct flights from the UK take just 5½ hours with weekly direct flights from London, Manchester, Bristol, Birmingham and Glasgow
  • Additional access routes being opened all the time from many major European cities, opening up new markets and increasing the supply of visitors
  • Strict environmental controls and regulations for tourism development prohibit the building of high level, high density projects, providing further safeguards against over-supply and poor quality developments
  • Current levels of tourism demand far outstrips the supply of high quality Resort accommodation – a trend that is projected to continue well into the future

As tourism develops, the industry has adjusted – with tour operators, flight planners and the leisure trade coming to the fore as interest in Cape Verde has increased rapidly.

  • Since 2005, additional flights have been added from Birmingham, Glasgow, Bristol, Amsterdam, Milan, Lisbon and Paris, amongst many others
  • Direct contribution of travel and tourism to the Gross Domestic Product is predicted to rise by 5.9% pa to CVE48.9bn (18.6% of total GDP) in 2025
  • A deal between The Resort Group PLC and a leading travel operator guaranteed one million guests to our Resorts over the course of three years
  • In the World Forum tourism rankings Cape Verde has gained places in business environment, air transport infrastructures, competitiveness of prices and environmental sustainability
  • Since 2005, additional flights have been added from Birmingham, Glasgow, Bristol, Amsterdam, Milan, Lisbon and Paris, amongst many others. There are now 112 direct flights into Cape Verde every week, serviced by 12 airlines.