We offer for sale building plots of 386 m2 and 387 m2 on the island of Maio, which is part of the Cape Verde Islands. The plots are located approximately 500 meters from the Atlantic Ocean beach. The use of the land is approved for the construction of properties for holiday or permanent residence, or as accommodation for tourists.
The favourable cost of building residential houses in Cape Verde directly encourages the idea of building a villa or apartment house, which is rented out to tourists throughout the year and thus generates passive income for the owner.
Buying a plot of land in Cape Verde is also a suitable medium-term investment with a minimum level of risk and is also an effective tool against inflationary depreciation of your finances. The Cape Verdean government has approved a €500 million investment in the development and construction of Maio, which will have a direct impact on all land price increases. The average annual increase in the market value of land on Maio is currently over 30%.