"The current credit crunch is having some surprising effects, not least on the property market. In the UK, building societies are reporting a slowing of sales and a decrease in property values with the market bracing itself for a further decline under the threat of more rises in the mortgage rate. However, this is not worldwide. There are many countries that have reported no defining change to property values and in some cases homes are rising at a remarkable rate, making them excellent for investment.
Take for instance, Cape Verde, a cluster of Caribbean style islands off the West coast of Africa and within a 5 hour flight time from the UK. "
Source at "Easier"
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