Cape Verde is coming out of the real estate slump it had been in since the global economic crisis hit in 2008. Buyers and sellers are gaining confidence once again, with house prices low enough to attract buyers and high enough to encourage sellers to put their properties back on the market.
Real estate agents are reporting increased activity and interest among European buyers; Cape Verde's accessibility from Europe is part of its appeal, along with investor-friendly policies.
The crisis had kept international buyers away, but local buyers and investors on the lookout for bargain prices kept the market afloat. Now, as the economy recovers, foreign investors are coming back.