Friday 28 de August de 2026 · Macaronesia
Sal, Cape Verde's leading tourist destination, is seeing foreign investment in resorts and second homes drive coastal land prices well beyond the reach of the …
Hotel workers living in Espargos say their wages are not keeping pace with house prices.
While coastal resorts reach European prices, much of the population lives in housing worth far less.
The boom in new hotel developments contrasts with a lack of affordable housing for construction workers and hotel staff.
Estate agents confirm an upturn in European buyers acquiring apartments as an investment.
The expansion of hotels and housing depends almost entirely on desalination plants and an electricity grid under strain.
Many high-value homes belong to foreign owners who occupy them for only a few weeks a year.
The council has set aside a number of municipal plots for low-income families.
The arrival of new European hotel groups has more than doubled the value of beachfront plots in under five years.
The international airport's constant activity is reshaping urban development in Espargos.
Land near the old volcanic crater of Pedra de Lume is starting to command higher prices as small developers show interest.