Full Description

A beachfront development on São Francisco beach, Santiago, Cape Verde totalling 60,000 m².

Situated in the heart of the tourist zone along the northern coast, north of the capital, this project will be a low-density (land occupation 20%), high-quality development which will include a 4* hotel with an array of supporting facilities necessary within a self contained holiday resort complex.

This is without doubt one of the best off-plan developments available in Cape Verde at present. This development will offer something for everyone. With beach frontage, hotel support structure and a highly competitive price structure, this is an opportunity for both end buyers and investors to own their bit of investment paradise.

The launch of this development is structured to enable buyers to benefit from early stage prices, underpinning an already strong argument for accelerated capital growth with the benefit of first-mover advantage

In additon to the 14 front line villas and 1 2 or 3bedroom apartments - Hotel, Restaurant, Bars, Fitness Centre/Gym, Shops/Grocery Store, Tennis court, and Public Amenities.

Morabeza is one of those unique investment opportunities that combines spectacular location with excellent investment potential. This is a development that will appeal to both holiday buyers and investors alike. For those looking for a holiday location, the site offers a white sandy beach on which turtles nest in the summer, an all-inclusive resort which in addition to its own sporting and leisure facilities will be in the close proximity of several golf course developments, and a 15-minute drive from an international airport with direct flights from several European countries including the UK and Portugal, the US, Brazil and Senegal. With an on-site 4-star hotel, owners and guests will be assured of excellent services and hospitality which will extend where required to privately owned properties on the site.

Morabeza will be a development with class. Positioned not only to attract the discerning buyer, it also aims to attract the selective client. For buyers this means that returns should be maximised and visitors should return more than once, creating a recurring revenue stream. The design will not only be sympathetic to the environment but the project practices what it preaches: European and Cape Verdean shareholders working together to deliver a unique statement at the aerial gateway to the islands. Morabeza will be a statement of all that Cape Verde promises: Cape Verdean architecture with European-influenced design, local finishes to ensure a harmony to the project's environment, but boldness in terms of use of space and materials, both local and modern. A seamless transition from each property to the terraces and outside spaces.

But it is for the investor that this development really comes into its own: at a weighted price per square metre of less than €2,000 across all property types, this compares extremely favourably with the €2,500-€3,000+/m2 prices that are prevalent on the islands of Sal and Boavista. While some may argue that the beach here is shorter, one thing is clear: this will be the ONLY development directly on it. No other competition for direct access to the beach, and no one in front. For this reason alone, we believe that buyers and investors who decide to purchase early will benefit from significant price appreciation, not only due to the market itself, but by virtue of the comparison to other developments in the area that will not have the same degree of refinement, and certainly do not have the location.

And at a launch price of €154,000 including furniture packs and rental guarantees, there are very few developments that offer quality 2-bed properties at this price, and certainly none that come close in terms of the quality-location-price comparison. It is clear that Morabeza will be a key candidate to receive multiple tourist streams: traditional sun & sand visitors from abroad, those making a holiday escape from another island, business tourists from the region and the capital, together with conference attendees and those wishing to stay close to but away from the hustle and bustle of the country's capital.

The country's property market is expected to continue to experience solid double-digit growth, and front-line sites are expected to do particularly well relative to less prime sites. We are confident that the properties at Morabeza will represent an ever-widening premium over developments situated further away and that do not benefit from direct beach access. Santiago will become an ever-attractive option for investors as its popularity as a multi-stream holiday destination grows. Morabeza will be uniquely positioned to allow its owners to be at the forefront of this fast-expanding holiday and investment destination.