Positive economic outlook set to boost tourism and real estate on cape verde

The economy in Cape Verde is expected to rise 7.1% by 2013 from 5.6% in 2011, according to the International Monetary Fund which experts believe will foster growth in the real estate sector.

In addition a $66.2 million aid grant from the United States to reform water, sanitation and land management is expected to increase growth even further as infrastructure improves.

‘Cape Verde is a nation on a rapid up. It has halved its 1990 poverty level and in 2008 officially graduated from Least Developed to Middle Income Country status. Much of this positivity stems from one of the fastest growing tourism industries in the world and active encouragement of substantial foreign investment,’ said Adam Cornwell, managing director of Feltrim International which promotes real estate on the islands.

Source: PropertyWire.com