The purchase procedure:
For registration of real estate purchase - a foreign individual must submit a passport.
Notarial deed of transfer of ownership and certificate of title to real property is performed by a notary, in the area to which the facility is located.
After signing the document by the seller and buyer and authentication of signatures of the notary is a notarial act to the district court, Certidao do egisto Predial.
Judge in making a change in circumstances fitting facility in the state register of real estate. Evaluation of inscribing done and in the notarial deed.
Before the transaction is a notary certificate (extract) from the same register that there is no encumbrance of the object, ie on its purity. The certificate reflects the presence or absence of a mortgage facility, the right to use the object of others, a ban on the sale, open court cases, etc. It also confirms the membership of an object a specific person-seller.
Based on the sales price determined by the size of the state duty to bargain and
notary fees. In total, they represent about 3% .0
Our partner provides free legal counsel, which the proxy can be fully completing registration of real estate to the buyer, therefore, be present at registration is not required.
The payment occurs in several stages:
1. Reservation of the apartment for 6.000 euros, or villas for EUR 12,000.
2. A deposit of 45 to 100% of the total value of the property on
customer choice.
3. The final balance upon receipt of keys.
Open a bank account can all, if the passport or other identification. This is a simple procedure.
 Additional costs Agent Commission: 4%
Based on the sales price determined by the size of the state duty to bargain and
notary fees. In total, they represent about 3% of project cost.
 Expenditure on the Estate Residential taxed based on its value established for tax
on real estate. Annually until the end of April each property owner must pay a tax of 3% of property value. Or in two installments - in April and September.
Depending on the value of real estate, utilities will cost from 20 to 30 euros a week.
Separately pays for water and electricity.
Banks. Credits. It is possible to buy a property under mortgage -7% .0
Currency Exchange.
On the island of Sal in most shops, restaurants, etc. adopted the local currency and the euro, on the other islands are usually only accept local currency.
Currency can be exchanged at banks and some capital hotels.
Keep in mind that the international airport in Praia Bank no.
Foreign currency and traveler's checks are exchanged at banks and hotels.Reverse exchange is not performed.
Using credit cards and travelers checks only in large restaurants and hotels in the capital.
Credit cards.
Making purchases with a credit card is only possible in some hotels, travel agencies, large restaurants and shops.
Basically, the cards are not accepted for payment of all payment systems. For example, the airport island of Sal in the shop "Duty free" cards are only valid system of Visa.
Import and export of local currency is prohibited.
Import of foreign currency is unlimited, but subject to the declaration upon arrival and upon departure.
Export of foreign currency is limited.
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Buying Property - Cape Verde