Ciaran Maguire Group invests in Cape Verde

Posted: April 21, 2012 in Construction Business

The most of important question Ciaran Maguire has been asked by the investors of Palm View Resort Cape Verde was “What were the main factors of purchasing the land in this relatively unknown part of the world. Ciaran Maguire had successfully made a number of land acquisitions in other parts of Europe but had decided not to make these sites home for his first developments, as he was concerned with the lack of restrictions in building over 4 storey’s properties. Ciaran Maguire knew that this would mean a beach fronted property that he would be building for his investors may well have a further building in front or to the side of the property therefore leaving the unsuspecting investor with a capital depreciating property instead of one which they would capitalize on with both income and growth.

On receiving a comprehensive Feasibility Report investing into Boa Vista Cape Verde their land purchase was made in 2007. It became apparent that Boa Vista would be an ideal location for the Palm View Resort. The Boa Vista Island has a low cost of living benefits from being accessible from all major cities, has its’ own airport and is at an early stage of property investment market with huge potential growth.

The glorious all round sun and fine weather seasons also make this an attractive place to invest, as purchasing overseas means that the investors can be vulnerable to low season dips throughout the year. Flights have increased by 400% to the island over the past few years and ferry’s link to the Archipelago of the other islands of Cape Verde allowing for those looking for thrill seeking adventures to try their mountain biking in Fogo or competing in the yearly kite surfing championships held in Sal.

The climate is likened to the Caribbean with very little rain, and has perfect conditions for water sports such as windsurfing and kite surfing. Its’ home to the Boa Vista Wind Club operated by champion former winder surfer Francois Guy.

The Palm View Resorts Development in Boa Vista is a ten minute walk from the main town of Sal Rei, a picturesque bay with restaurants and local bars full of friendly atmposphere and delicious Seafoods freshly caught and prepared in sumptuous Creole style. This style of dining can be found in the 5 star restaurants at the Palm View Resort Boa Vista where the elaborate furnishes match the outstanding cuisine. The resort will be the first AA rated 5 star complex on Boa Vista and a long awaited place to stay for those that already know and love the islands so well.

The feasibility report mentioned previously gave figures on the growing tourism, lodging capacity of the neighbouring hotel, occupancy rates and room rates. Full details of the report is available by contacting the group of www.ciaranmaguiregroup.co.uk

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