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Overview

Vista Do Mar Development, Santa Maria, Sal

Lovely new development on the far east side of the urbanisation. This development will have good sea views of the East coast and South coast of Sal.

These units represent the best opportunities we have in Sal. If you are after good quality with a sea view at a reasonable price, this will do very nicely. The developer is very well established in Santa Maria.

Estimated time to completion

January 2008.

Payment Schedule

Within 28 days of allocation the Developer must be in receipt of the following:

a) 35% of the value of the unit paid in Euros (minus the Reservation Deposit).

b) The original executed Agreement to Purchase.

The remaining stage payments are as follows:

a) 35% at Roof completion

b) 25% at Internal flooring completion

c) 5% at Final completion.

The Developer

The developer is Italian and has been in CV for 10 years. He is a surveyor by profession. He has concentrated on a series of smaller developments. As he is established and has already built over 100 units in Santa Maria, Sal, he can offer very competitive prices and is our most sold developer in CV.

Cost of Furnishing

Please be advised of the estimated costs involved in buying properties in Cape Verde. This is to give you an idea of what to expect.

Furnishing: The Bathroom will be delivered fully fitted except for bathroom furniture. The apartment itself will not be furnished or have a kitchen.

Cost of Furnishing if you purchase through the developer:

To furnish a Studio / 1 bed apartment will cost approximately 7000 - 10,000 euros.

To furnish a 2 bed apartment will cost approximately 10,000 - 12,000 euros.

To furnish a 3 bed apartment will cost approximately 12,000 - 15,000 euros. The furniture market in Cape Verde is in its infancy but there are an increasing number of importers.

The options will undoubtedly increase as time goes on. Cost of Home Accessories 400 euros (from the developer) This is in addition to the costs of the furniture and the kitchen. Bed sheets are not included and it is recommended that they are brought from Europe as the Chinese bedding that can be bought in Cape Verde is normally for queen size double beds only as opposed to the standard king size furniture that is purchased by the developer.

Air Conditioning

A Pre-built Air Conditioning system will cost 3000 euros.

The developer will need to be informed well in advance, prior to completion if this is to be installed. Installing an Air Conditioning system post completion involves additional work and therefore would cost more.

Rental

These are the basic costs:

Studio month 250 – 300 Week 150 – 175

1 bed month 320 – 500 Week 210 – 300

2 bed month 455 – 650 Week 300 – 400

Weekly – owner pays bills

Monthly – tenant pays bills