Price Min €: Minimum Price Any Price 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,250,000 Unlimited ------------------ Price Max € Maximum Price Any Price 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,250,000 Unlimited ------------------ Type: All Types Villa Apartment Townhouse Other ------------------	Cape Verde uses Portuguese property purchasing laws in general, and any lawyer who is qualified in Portuguese property law can practice in Cape Verde.   The legal side of buying a property falls into two parts, the preliminary "promissory buying and selling" contract (Contrato de Promessa de Compra e Venda) and the completion contract (escritura). The "promissory" contract legally secures the purchase, and is subject to satisfactory searches having been returned. The law protects both parties involved. The important documents to check out before signing a ‘promissory contract’ are the Property Registration Certificate and the Licence of Use.   The signing of the "escritura" or completion contract can be carried out on your behalf by appointing your Power of Attorney to someone you trust, possibly a lawyer. At this stage the purchaser must pay the remaining balance of the purchase price , transfer tax (Imposto de Sisa) plus notarial fees to the notary advogado. The total tax comes to just under 6% of the value stated on the notary document.   Currency The unit of currency is the Cape Verdean escudo (CVE). The CVE is tied to the Euro at CVE 110.265 = 1 Euro. There is a bureau de change at the airport, and local banks will change travellers cheques and foreign currency. There is an ATM at the international airport, but no others in the islands as yet. Major credit cards are accepted only in a few main resort hotels and restaurants, but this is growing all the time. Banks will give cash on credit cards but commissions can be high.   Mortgages If you are looking to purchase a property, it is advisable to open a bank account in Cape Verde, both in CVE and euros. CVE cannot be transferred out of the country, but euros can.   A typical mortgage offered is as follows:   Loans in Euros Up to 70% of the lower purchase price or valuation Minimum loan – 50,000 euros Maximum repayment term – 15 years Capital and Interest Repayment only. Interest 2%-3% over ECB Lending Rate, variable – currently 2.25% p.a.