Great new Property Investment Opportunities with The Vila Verde Resort on the Cape Verdean Island of Sal

If you have ever thought of owning a Cape Verde Island property, this is for you.

Sal, one of the Cape Verde Islands, is a stunning island of sand dunes, emerald green warm seas and long stretches of clean white sand reminiscent of the Caribbean. Famous for its friendly and welcoming population the island prides itself on providing high quality tourism and with almost year round sunshine and constant temperate winds is the ideal location for sun worshipers and sports enthusiasts alike

Horizon Property Group SL is proud to work in conjunction with a premier property developer in Cape Verde to offer top quality investment properties to purchase in the Vila Verde resort that take full advantage of all the beauty that Sal has to offer.

Situated 15 minutes by car from the airport, just a 10 minute walk to the town centre of Santa Maria and less than 5 minutes walk to the beach, the Vila Verde resort is perfectly placed. With one, two and three bedroom apartments, three bedroom townhouses and four bedroom detached villas, all with top class fully fitted kitchens and ocean views, starting from only €60,000 Vila Verde looks set to become a fantastic property investment.

Brief Property Overview

Studio, 1 bathroom apartment, 42, 46 or 50m² living space.

1 bedroom, 1 bathroom apartment, 54, 60 or 68m² living space.

2 bedroom, 2 bathroom apartment: 94, 98, 102 or 110m² living space.

3 bedroom 2 bathroom apartment: 128 or 134m² living space.

2 bedroom, 2.5 bathroom townhouse: approx 125m² living space, various sized large terraces, plus roof terraces.

3 bedroom, 3.5 bathroom townhouse: approx 162m² living space, various sized large terraces, plus roof terraces.

3 bedroom 3 bathroom villa: approx 168m² living space on a 375m² plot, various sized large terraces plus roof top terraces of 40m² and include a pool approx 16m².

4 bedroom, 3 bathroom villa: approx 210m² living space on a plot of 660m², various sized large terraces plus roof terrace of 60m² and include a pool approx 24m².

The Vila Verde Resort is a completely self contained complex, all apartments have parking facilities and easy access to shops, restaurants, bars, supermarkets and swimming pools with the interior being a completely pedestrianised zone.

Proposed Payment Schemes

• Reservation Fee of 3,000
• 20% upon Signature of Contract - less initial reservation fee
• 20% at commencement of construction
• 20% on completion of rough construction
• 20% on completion of plastering and tailoring
• Final 20% at Completion and signature of title deeds

Legal Issues and Fees

The Horizon Property Group SL prides itself on being able to give a full, comprehensive and informational service and their fully trained staff are able to help purchasers with all aspects of buying their property from assistance with mortgages, legal and fiscal advice, a fixed rate exchange service, furniture packs and an after sales customer service that is second to none.

There are certain fees and taxes payable by a buyer when purchasing a new property in Cape Verde. These are called completion expenses or closing costs and are impossible to predict with total accuracy

Firstly, unlike some other locations abroad in Cape Verde the declared value of the property must be 100%.

Before the deed is signed a property transfer tax or IUP must be paid, this is charged instead of VAT on properties bought. The rate is normally around 3% of the purchase price in Cape Verde and is paid to the municipality

Also around 1% of the purchase price is paid for the Notary fees. The notary is a special type of lawyer. Under Cape Verdean law, only deeds of sale approved and witnessed by a notary can be registered at the land registry. As well as validating all the necessary documents the notary also performs certain checks on the property and has some duties as a tax enforcer.

Although there is not a net % for the above fees when purchasing through The Horizon Property Group SL these charges will not exceed 6% and the lawyers fees will be 1% of the purchase price or a minimum of €1000.

To own a property in Cape Verde you also need to obtain a NIF (número de indentificaçáo fiscal) or fiscal ID number, for tax purposes. You can get this from any Cape Verdean tax office near to your property and is simply a matter of filling out an easy form and producing your passport and two passport photographs and does not cost anything.

For further information or advice on purchasing a stunning property in the brand new Vila Verde Resort on Sal please do not hesitate to contact The Horizon Property Group SL on 0871 221 7003 (charged at cheap rate) or via e-mail to info@horizonpropertygroup.com or visit our web site www.horizonpropertygroup.com or www.cape-verde-island-property.com

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