Wednesday, October 19, 2011

Cape Verde: the market, promising

In the context of the global financial crisis, they recommend that investors pay attention to the undervalued markets - those where just before the crisis was not a "bubble" and a stock price increase. One of these places is Cape Verde - a country almost unknown to the Russians. The former Portuguese colony in 2008 authoritative British BuyAssociation.co.uk site published a rating of "hot spots" for purchase. The rankings, as always, take into account such market and economic indicators such as growth in house prices, interest rates on mortgages, rent, return of capital for the duration of lease, as well as inflation and the balance between supply and demand in the market. In the three leaders of the top ten places to invest in real estate around the world entered the Republic of Cape Verde. This country, according to experts, will remain attractive for investments in real estate and in the next five to ten years. The Republic of Cape Verde is located on the same island in the Atlantic Ocean 620 km off the west coast of Africa and consists of 10 large and five smaller islands. The country is situated on high ground, 16% of its territory is dry gravelly uplands, the so-called "lunar landscape". The total area of ​​Cape Verde - only 4 sq km The population is 400 thousand people, mostly mulatto, as well as Africans and European settlers. The main language - Portuguese, communicating with foreigners - Spanish and French. The predominant religion among the local population is Christian. Cape Verde - a country develops, it gained independence from Portugal in 1975. The history begins with its XV century, when on an uninhabited at the time the archipelago was founded the first European city in the tropics - Cidade Velha Portuguese. Today, the industrial structure of the economy of Cape Verde resembles a post-industrial country: 72% of GDP provides the service sector, 17% - 11% of the industry - agriculture. Industry is represented by production of salt, fish processing, ship repair. In agriculture, the dominant crop - bananas are grown on the islands, corn, sugar cane, coffee, peanuts. The most important trading partner countries is Portugal. European tourists are attracted year-round warm and dry climate (average temperature is +24

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