Full Description

The demand for holiday accommodation on Sal Island is rising and the capacity is still limited. Santa Maria is well positioned to capture the opportunities presented by the continuing growth of the tourism market in Cape Verde.

This is a development that truly captures the magic of Cape Verde, where the luxury of today meets the charm of yesterday. The fine white sandy beaches and the clear turquoise waters are within easy walking distance.

Santa Maria, an upper class development, will be situated on Sal Island in one of its most desirable areas. Situated right at the entrance of the lovely the town and 15 minutes from the international airport, Santa Maria will contain only 36 luxury apartments, which will have an open air feel to them, making the most of the cooling breezes. The development has been designed in a colonial style and is being built using the highest quality materials

This development will comprise 36 apartments: 14 studios, 16 one bed and 6 two beds with 11 commercial units.

The investment

Santa Maria comes to the market with two investment strategies:

1. Purchasing the land and the project: €1.8 Million. Licences, architects plans and full project management are in place.
2. Purchasing all the 36 off-plan apartments and commercial property: €3.9 Million. Delivery is planned for January 2010

Resale Value

The retail price of the units is estimate to be: Studio apartments from € 69.000 - One bed apartments from € 93.900 - Two bed apartments from € 154.200