Property Prices in Mindelo, Cape Verde

Find out actual data about & Safety Index in Mindelo, Cape Verde

Price to Income Ratio 13.94
Mortgage as Percentage of Income 211.09%
Loan Affordability Index 0.47
Price to Rent Ratio – City Centre 15.46
Price to Rent Ratio – Outside of Centre 17.14
Gross Rental Yield (City Centre) 6.47%
Gross Rental Yield (Outside of Centre) 5.83%
country data (source The World Bank, 2021)
GDP Per Capita ($) 7,172.00
GDP Growth Rate 4.00%
Population Growth Rate 1.24%

Rent Per Month in Cape Verde

Apartment (1 bedroom) in City Centre 295.71$ 245.95$ – 386.38$
Apartment (1 bedroom) Outside of Centre 190.15$ 147.57$ – 386.38$
Apartment (3 bedrooms) in City Centre 438.27$ 300.27$ – 551.98$
Apartment (3 bedrooms) Outside of Centre 300.64$ 200.18$ – 551.98$

Buy Apartment Price in Cape Verde

Price per Square Meter to Buy Apartment in City Centre 918.22$ 787.04$ – 983.8$
Price per Square Meter to Buy Apartment Outside of Centre 672.27$ 541.09$ – 836.23$

Salaries And Financing in Cape Verde

Average Monthly Net Salary (After Tax) 285.2$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.25$ 6$ – 20$

These data are based on 3072 entries in the past 24 months from 284 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 Mindelo in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Mindelo. According to statistics, the average price per square meter of property in Mindelo is around 918$
in the city center and 190$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 295$ per month.
Property price growth has risen in recent years, making housing less affordable. Rental yields range from 6%.
While carrying some premium over national averages, overall housing in Mindelo remains reasonably priced compared to similar sized cities globally.
This reduces disposable income and cost of living for residents.

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