I want to move to Cape Verde. How?

Question

I have found a property in Cape Verde that I wish to buy, it's a fully furnished studio flat in a new establishment (although the flat is not brand new). It is very cheap at just under £27,000. I am 21 years old and definitely want to move out of Britain, away from the rip-off government. I am in full-time employment, on a fairly low wage, but getting a loan for £27,000 to pay back over a long period of time shouldn't be too much hassle. Anything I should take into account with regards to a loan and the actual purchasing of the property beforehand? (If I do get this property, I have a plan to rent it out for a few months of the year, during which time I'll be back in England).

Answer 1

Find other people who have done the same - especially look for Brits. who are living in the same area - get them to recommend a local Agent who will look after your property for you (and collect rents etc).

Check out the finances carefully - some Countries place limits on foreign ownerships - other Countries will Tax you on the value of the Property (like UK Council Tax) and on the rents - and UK IR will also want it's cut of your rent money (if you are not careful you could end up paying Tax in both Countries ..)