Property Prices in Cape Verde 2023

Index
Price to Income Ratio 11.94
Mortgage as Percentage of Income 208.09
Loan Affordability Index 2.47
Price to Rent Ratio – City Centre 13.46
Price to Rent Ratio – Outside of Centre 15.14
Gross Rental Yield (City Centre) 7.47
Gross Rental Yield (Outside of Centre) 8.83
country data (source The World Bank, 2021) 1
GDP Per Capita ($) 10
GDP Growth Rate 7
Population Growth Rate 2.24

Rent Per Month in Cape Verde

Apartment (1 bedroom) in City Centre 296.71$ 248.95$ – 387.38$
Apartment (1 bedroom) Outside of Centre 187.15$ 149.57$ – 387.38$
Apartment (3 bedrooms) in City Centre 440.27$ 303.27$ – 553.98$
Apartment (3 bedrooms) Outside of Centre 301.64$ 203.18$ – 554.98$

Buy Apartment Price in Cape Verde

Price per Square Meter to Buy Apartment in City Centre 915.22$ 789.04$ – 986.8$
Price per Square Meter to Buy Apartment Outside of Centre 671.27$ 543.09$ – 839.23$

Salaries And Financing in Cape Verde

Average Monthly Net Salary (After Tax) 282.2$ 3$ – 1$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.25$ 9$ – 21$

These data are based on 2099 entries in the past 12 months from 329 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Property Prices in Cape Verde – 2023 Stats & 2024 Forecast

Housing costs are an important factor to consider for quality of life. Property and rental prices in Cape Verde are generally affordable compared to global standards.
According to statistics from relevant sources, the average price per square meter of a property in a major city center is around 789$ – 986$ and 543$ – 839$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 296.71$ per month.

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Property Prices Rates & Safety Index in Cape Verde