Overseas property investors looking to expand their portfolio can now consider the beautiful archipego of Cape Verde with the official launch of the Turtle Bay Resort on Maio Island.
Designed specifically with investors in mind, the purchasing structure at the resort is competitive with three payments over twelve months. The first payment secures the plot, the second the infrastructure and the final lump sum dedicated to the construction of a luxury villa or apartment."Cape Verde is without a doubt one of the best of the current crop of hot new destinations," says David Redfern, managing director of overseas investment specialist David Stanley Redfern Ltd.
"A national government directive has been put in place to ensure than a maximum 15% land coverage can be used for development, guaranteeing lots of natural space and privacy for property owners."
The Turtle Bay Resort will offer a full gamut of recreational facilities. A marina, community centre, retail outlets and clubhouse are currently under construction and will serve the 400 villa development. Each plot has a generous designated area of approximately 1,000 square meters and are sold freehold with a title deed and planning permission for a villa or town house.
Located on the West African coast, Cape Verde offers attractive incentives for foreign investors with property owners able to take advantage of a five year tax exemption followed by a 50% tax deduction on corporate tax for the proceeding 10 years. Plots in Cape Verde start from €63,750 with a 100% finance plan for build costs available.
To view available plots and for further information about the Turtle Bay Resort, visit http://www.davidstanleyredfern.com/Cape_Verde.aspx
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