Ciaran Maguire Group made extensive enquiries into the economy of Cape Verde in 2007 before the purchase of the land took place in Boa Vista, one of the beautiful unspoilt islands of the Archipelago of Cape Verde just off the West Coast of Africa.
(prHWY.com) May 4, 2012 - Ireland, Ireland -- Ciaran Maguire Group made extensive enquiries into the economy of Cape Verde in 2007 before the purchase of the land took place in Boa Vista, one of the beautiful unspoilt islands of the Archipelago of Cape Verde just off the West Coast of Africa. The islands, some which are uninhabited, provided the inspiration for the Irish entrepreneur Ciaran Maguire to purchase the land in Boa Vista which has over 55km of soft sandy beaches and crystal clear waters. Ciaran Maguire, who came from a family background of developers created the brand Palm View to become amongst the world most renowed Resorts in 2007 and has continued to grow the brand with the for sight of land acquisitions in the early 2000.
Feasibility Reports for the company were carried out by professional consultants and the findings were based on economic figures, political stability and the growing tourism and development of the country. The government of Cape Verde have continued to invest in tourism and infrastructure with new shopping areas, hospitals and health centers.
Why Invest in the Palm View Resorts and Cape Verde
* According to an IMF report in December 2009 GDP growth in Cape Verde held at 4% despite the economic downturn with this figure set to increase to 7.4% in 2013
* Growth is expected to pick up, with inflation remaining low(IMF review 2009)
Between 2000 and 2009, real GDP increased by over 7% per year, well above the average for small islands countries. The economy is service orientated, with a small part of GDP contributing from agriculture and fishing. (IMF report)
Continued research into the growing GDP per capita found that Cape Verde had reached a higher GDP than South Africa (2011) which is a sure indication that the island is profiting from the private investment and the governments efforts to driving their tourism industry.
The indicators from the reports show Palm View Resort investors can expect high levels of lucrative growth. Ciaran Maguire Group feasibility reports shows the growing tourism on the island has risen from 45,000 since 1997 to 382,831 in 2010 and is expected to exceed 500,00 by 2012.
The contribution of travel and tourism to Cape Verdean GDP is expected to rise from 21.9% in 2010 to 30.1% in 2020 (World Travel & tourism Council). The figures for the tourism will be provide confidence in those investors purchasing their beach suite apartments with Palm View Resort. Most of the apartments have been purchased with retirement in mind and those investing at present have many years to enjoy and many opportunities to see their initial deposit of €6k grow and provide them with a Free Hold apartment at the end of the term and also enjoy rental income which will be produced from their Pension Fund In the Sun. Palm View Lifestyle is provided also to those investors and holiday makers on the Resort, where they can sip cocktails at sundown, dine under the star lit canopy or enjoy the colourful varieties that Sal Rei the town of Boa Vista, offers a short ten minute walk from the aparthotel complex.
Log on to
http://ciaranmaguiregroup.co.uk for more information!!
Ciaran Maguire Group Ltd.
Castle Baggot House,
Baldonnell,
Dublin 22, Ireland
Phone: +353 1 625 1542
Phone: +353 1 625 1544
email Id: helenwork655@gmail.com
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