Overseas Property World

Cape Verde property is currently having a second-coming as it emerges as one of the world’s investment safe-havens.

The world is still reeling from the effects of the financial crisis, one of which was to completely collapse sales of Cape Verde property to foreign buyers. The Tortuga Beach and Spa resort launched to off plan buyers in 2007 but it might as well have not bothered. When thousands of people lost their shirts on Dubai property, everyone became extra cautious about off plan property, very few would risk it, and with very few buyers overall this meant no one.

But now Cape Verde is experiencing what can only be called a surge, or at least a flurry of overseas demand, with most of the buyers coming from Britain and snapping up off plan properties. What’s changed?

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You may have noticed my series of chart-style articles on Overseas Property Mall in the last couple of months, namely: the top 5 short-term property investments, the top 5 destinations for long-term investment and the top 3 property markets of the future.

I thought it was only right that I should write one for my own blog, and so I am undertaking the arduous task of charting my ultimate top 5 property investments for 2009 and 2010.

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I began paying closer attention to Egypt property last December, when it had almost become sacrilegious to mention overseas property investment. I had been out of the overseas property game for a couple of months — giving direct sales a whirl — and had been asked by a friend-of-an-industry-friend to do some writing work, and Egypt was one of the countries content was needed for.

So, I began doing some research into Egypt. Immediately the similarities with Morocco became apparent, but even Morocco could not compete with the low prices of luxury and high end off plan property in Egypt.

Property prices in Cairo are low, but Hurghada is the hot-spot for me. I had come across Hurghada in my direct sales role, as a rapidly rising tourism destination. Then, I’m looking at high-end 2 bedroom apartments near the beach for less than £20,000 — fool proof?

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