Top of the Props: Cape Verde catapults back into top 10

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 in the overseas property portal’s chart.

Cape Verde attracted 3.67 per cent of the site’s enquiries in January, an increase of 2.8 per cent from the month before. That may not be enough to knock Spain off its pedestal, but Cape Verde’s climb has seen the islands upset the established pecking order for the second time in the past year. In August 2011, the country rose five spots to break into the bottom of the top 10. Now, it’s back, climbing even higher in the chart to beat both Turkey and Brazil, ranking just below last year’s newcomer Bulgaria.

The USA saw a similar increase, reversing December’s popularity dip to hop above Portugal and France and claim back its second spot. But while America’s low property prices and signs of market recovery were enough to attract buyers away from Europe, the outlook may be even brighter for Cape Verde, where GDP is projected by the World Bank to reach 6.8 per cent in 2012.

Director Dan Johnson comments: “Cape Verde keeps returning to TheMoveChannel.com’s top 10 despite any major marketing push from agents and developers. At the start of a new year, the principal property players are still the same, but some investors simply aren’t interested in Spain or America. With its building tourist numbers and relatively un-crowded real estate market, Cape Verde’s imbalance between supply and demand is seeing these buyers turn to somewhere smaller in the hope of bigger returns.”

After staking a claim in the top 10 twice in six months, can Cape Verde keep its claws in investors for the rest of 2012?

The full breakdown of the Top 40 is as follows:

Notes to Editors

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.TheMoveChannel.com and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.

Contact Dan Johnson on 0207 952 7650 for further information.