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Off Plan - pre 2009

I understand that when you buy off-plan you can re-sell a property after the signing of the contract, some people will buy off –plan and then wait until its nearly finished, then sell it for profit.

However, at the moment there isn’t a large profit to be made! The fees are normally 3% for the buyer and 3% for the seller (but this may have changed). Surveys etc. are not services offered in Cape Verde, some of the new buildings are only guaranteed for a year, but please make your own checks on this via your builder and your lawyer as this info was posted pre-2009!.

Some of the new developments such as those built by The Resort Group should be able to provide you with more information about the materials used ad the quality of build. They will also provide you with different options on how you can purchase a property of theirs. Some people are choosing to invest using a SIPP (Self-Investment Personal Pension).  Again, please study this carefully before investing, as there has been a lot reported about SIPP in the press.

Please make further enquiries with your lawyer.

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