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Buyer's Guide

When you are ready to buy a property in Cape Verde, a member of Escape Verde will arrange inspection trips for you to view properties on the island or islands of your choice. You will be met at the airport or your hotel and shown properties in Cape Verde.

When you have found the property in cape verde you want to buy you have to reserve it with a deposit . A purchase agreement is then signed by both buyer and seller, usually within seven days, and a deposit of typically 20% of the purchase price is paid. This secures the property subject to satisfactory legal research.

A deed of title is then drawn up and the date for the completion of the sale is decided. This deed of title will cost the purchaser an amount equivalent to about 2.7% of the total purchase price. The purchaser will also have to pay a compulsory property purchasing tax which is equivalent to about 3% of the purchase price. This has to be paid to the City Council where the property is located.

It is also advisable to register the purchase with the Land Registry which costs about 2% of the total value and to insure the property.

Escape Verde has strong links with top lawyers in Cape Verde or lawyers in the UK conversant with the property purchasing process in the islands. They can prepare the necessary documents involved in your purchase and explain and follow through the various processes of the sale in English. More detailed information on buying in Cape Verde is available from Escape Verde. E-mail sales@escape-verde.co.uk asking for detailed information on buying property in Cape Verde.

Our buyers guide is a general guide to the process.

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