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Official figures released in March from the Cape Verdean National Statistics Institute (INE) show that the number of hotel units across the archipelago rose by a mighty 9.6% year-on-year, from 178 hotels in 2010 to 195 in 2011.
Cape Verde’s economy look set to benefit from a new US $66.2 million inward investment agreement designed to reform its water, sanitation and land-management policies and “foster further economic growth – in particular in real estate and tourism.”
Cape Verde has catapulted back into the top 10 in the TheMoveChannel.com's latest Top of the Props report. While Spain and the USA continue to compete for the number one slot, the tiny islands saw a surge of interest at the start of 2012, jumping 18 places to become the seventh most popular destination on the overseas property portal.
The growth in tourism in Cape Verde has helped the country's real estate sector grow, it has been asserted.