Recovery noted by IMF.
It is still possible to purchase a beachside property in Cape Verde for around EUR104,000 (GBP95,000).
The IMF has noted that the Islands seemed to have weathered the world wide financial crisis following a mission by the body to the country. “weathering the global economic crisis from a position of strength”
The IMF report following the recent visit to the archipelago said: “Foreign direct investment has stabilized ”
It praised the policies of the country’s government and said that it is showing solid signs of recovery from the effects of the world economic slowdown.
Such a situation may encourage those thinking of buying property in Cape Verde.
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