The Cape Verde Islands are Becoming the New Place to Invest for Property & Hotel Investors Thanks to SiCanarias Ltd.

CAPE VERDE -- The consultancy firm SiCanarias Property Investments Ltd, following the initiative of the Government of Cape Verde to attract foreign investment into the country is offering beachfront land at an average asking price of EUR 15 per square metre to property investors and hotel investment groups in Europe. This initiative is part of the new strategies the Cape Verde Government is implementing to obtain capital destined to increase infrastructures, improve the national health service and to reduce unemployment.

"European property developers and hotel groups now have the opportunity to invest in land in Cape Verde and make more profits in less time, than investing in property at home" says Carlos Perez, the Director of Investment at SiCanarias Ltd, the company that is offering more than 7.2 million square metres of land in prime locations through one of its web sites www.capeverdeland.com. "The response to our information campaign in Europe has been good. Even investment firms from the city of London and from Frankfort are looking into investing in land in Cape Verde".

Located 450 Km off the coast of Senegal, the Republic of Cape Verde consists of 10 islands with a population of about 460,000 living in the islands and about 700,000 Cape Verdians living outside the country. A former Portuguese colony, it is now an independent country with a European mentality, enjoying a multi-party stable democracy and a growing economy based on tourism. The country has been rated by the International Monetary Fund with a strong economic and political performance, with a GDP growth of 6% to 7% between 2005 and 2008.

According to Mr. Perez, purchasing seafront land now guarantees a handsome return on investment due to increasing tourist demand for accommodation. "Currently, about 200,000 tourists visit Cape Verde each year and this figure is going to rise with the opening of more direct air routes from Europe and the opening of new hotels in the islands. It is clear that Cape Verde will be the next hot tourist destination. Just 4- 7 hours flight from the main European cities is ideal for tour operators who need places like this to keep people exited".

The Cape Verde Government is currently offering tax breaks, facilities and legal security to foreign companies interested in investing in the tourist sector.

About SiCanarias Property Investments Ltd

SiCanarias Property Investments Ltd is an independent property consultancy with offices located in Gran Canaria and Tenerife in the Canary Islands and in the city of Praia, in the Cape Verde islands. The firm was founded by Mr Dennis G. Joy and Mr Carlos M. Perez,, ex real estate consultants and has been trading since 2002 as a property investment consultancy, advising foreign corporate and private investors how to invest in land and property in the Canary Islands and the Cape Verde islands markets. SiCanarias Property Investments Ltd. provides tailored services to a selected group of investors by negotiating, purchasing and managing residential, commercial or industrial property on behalf of their client portfolio. See more info at www.sicanarias.com, and at www.capeverdeland.com.

If you would like more information about this topic, please visit www.capeverdeland.com and www.sicanarias.com For any press contact, email Carlos Perez at [e-mail] or call Mia Brown at +34.617.830.856.