Press Release Summary: January is always time for taking a long-sighted view of matters. While individuals make their resolutions those involved in industries and commerce make plans and predictions of the year ahead
Press Release Body: January is always time for taking a long-sighted view of matters. While individuals make their resolutions those involved in industries and commerce make plans and predictions of the year ahead. For those in the property industry, the crystal ball may seem all-important in the wake of the global credit crunch.
It is for this reason that for some countries, a mention in the list of places which will see their property perform well in 2008 could provide an important indicator that all is well, or, perhaps just as importantly, that things are not as bad as they may seem.
Cape Verde certainly comes into the former category, a new growing market, with increasing tourist numbers, expanding infrastructure and, for British investors, direct air routes appearing for the first time last year. Boavista opened a new airport last year and others are planned, while Cape Verde\'s national airline has been flying a service from Stansted since October. With the country poised to join the World Trade Organisation this year, things appear to be looking up for the tropical archipelago off the west coast of Africa.
Cape Verde Property investment firm Olive Tree International certainly has a high regard for the islands as an investor destination, noting the above developments and the desire of the country\'s government to keep the bandwagon rolling. It also stated that \"the very low property prices for brand new homes, often in superb complexes, are expected to rise,\" adding: \"Rentals too should prove excellent as this is a year round destination due to its constant good weather and therefore empty periods can be avoided.\"
Regular readers of news about international property may be familiar with positive headlines about Cape Verde. The reverse, however, has often been true about Spain. Talk of the end of the boom years and land grab issues have cast a shadow over the country, as of course has the credit crunch. Olive Tree International, however, while acknowledging there are problems, stated that the difficulties suffered by many people in the land grab, however bad, were \"isolated\" in terms if the large size of the country.
The firm went on to advise that those buying in Spain would be fine as long as they bought via a \"reputable\" company through which land ownership was assured. Giving a thumbs up to the country, Olive Tree added: \"We feel that within a couple of years Spain will resume its appeal to UK buyers and prices will begin to climb again,\" citing the rental potential, infrastructure and long-term track record of the property market as reasons to be positive.
Spain property investment market has certainly felt the pinch in recent times, with the latest property company to report a downturn being Renta, a firm which has all but halved its 2007 profit forecast from €62 million (£46.7 million) to between €33 million and €35 million, Reuters reported toady. But the Olive Tree forecast may provide a different perspective; one which suggest that those investing in property in Spain will still reap the benefits in the long run.
In today\'s world Property investment is an excellent investment option especially investment in UK
2022
