There is no doubt about the fact that cape verde property investment that spans from medium to long term requires full payment for the particular property that is needed to be completed at several construction stage, just before the final completion of that purchase. It is essential to be aware that for most investors that deals with mid to long-termcape verde property investment, all the costs involved will be applicable. Seven percent and nine percent of the purchase price, and also the ongoing cost that includes maintenance, utility bill, and community fees will as well be payable.
One will need to make best and timely arrangements with the cape verde investment property management as well as rental companies who are constantly and consistently be on the on the site. Their functions are to ensure that the particular ongoing costs are well monitored until they are covered and they work effectively to make sure that your bill is constantly and regularly rented out without any barrier. Therefore, the action behind the maintenance and management of a property right on the island is no more complexes or rather have any forms of ambiguity compared to investment that is closer to home.
Another indispensable factor requires consideration and one need to bear in mind is the fact that you will need to open a bank account right in Cape Verde so as to pay for all your utilities and even make payment for all the ongoing expenses that are being incurred. Hence you should be aware adequately that all the full records of payments and receipts for cape verde property will require adequate maintenance, this will assist you to meet up with the requirement of local taxation.
Cape Verde is recommended to be a mid to long term investment. It is possible to get the return on the short-term strategy, but the potential to get higher gain is only achievable through long-term plan.