Complete Investor Guide to Cape Verde Property

Atlantic island resort real estate with full foreign ownership and a euro-pegged currency

Updated May 27, 2026Beginner10 min read

Population
Approximately 525,000

Market Overview

Cape Verde is a stable, tourism-led island economy with full foreign-ownership rights and a euro-pegged currency. Real estate centres on Sal and Boa Vista resorts and the capital Praia. The main risks are tourism dependence, small market size and uneven infrastructure across islands.

Country
Cape Verde
Currency
CVE (Cape Verdean Escudo, pegged to the EUR at about 110.27)
Population
Approximately 525,000
GDP growth
Approximately 4-7% (recent years, tourism-driven)
Inflation
Approximately 1-4% (2024 est.)

Key industries

  • Tourism and Hospitality
  • Fisheries
  • Light Manufacturing
  • Services and Logistics
  • Construction and Real Estate

Restrictions

Open Ownership with Standard Conveyancing

Open

Cape Verde imposes no special restrictions on foreign buyers, who own property on the same terms as nationals. The key requirements are procedural rather than restrictive.

  • Foreigners have the same ownership rights as nationals, with no caps on number or value
  • Full rights to rent, sell and transfer property
  • A Cape Verdean tax number (NIF) is required to transact and pay IUP
  • All outstanding IUP must be cleared before the deed (escritura) is signed
  • The deed must be signed before a notary and registered at the land registry
  • The market is small and tourism-dependent, so plan a realistic resale horizon

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  • Taxes & Fees
  • Requirements
  • Purchase Steps
  • Property Types
  • Investment Drivers
  • Market Trends
  • Visa & Residency
  • Financing

Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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