Jump to content
House Price Crash Forum
Sign in to follow this  
Charlzy

Cape Verde Vs Slovenia

Recommended Posts

I'm looking at buying a small place in either Cape Verde or Slovenia as a holiday home that me and my young family can enjoy over the next 10-20 years. Obviously we'd like to rent it out when we're not there.

Does anybody here have any experience or knowledge of buying/living in either of these 2 locations.

many thanks...

Edited by Charlzy

Share this post


Link to post
Share on other sites

I'm looking at buying a small place in either Cape Verde or Slovenia as a holiday home that me and my young family can enjoy over the next 10-20 years. Obviously we'd like to rent it out when we're not there.

Does anybody here have any experience or knowledge of buying/living in either of these 2 locations.

many thanks...

Have you actually visited either country? If not, why would you shortlist them both?

I suggest you visit both before investing thousands in property, particularly if you will be going there for the next 20 years.

Share this post


Link to post
Share on other sites

I'm looking at buying a small place in either Cape Verde or Slovenia as a holiday home that me and my young family can enjoy over the next 10-20 years. Obviously we'd like to rent it out when we're not there.

Does anybody here have any experience or knowledge of buying/living in either of these 2 locations.

many thanks...

Slovenia if you want investment safety. Slovenia one of my target destinations. I like thier middle class honest approach to life.

Cape Verde we were very excited about but later ruled - out for a number of reasons:

1) Developers are unknown in the main and could easily dissapear with your money never to be traced. This was compounded by the fact the Government is very small and pretty corrupt and dis - interested in investor disputes.

2) The flight time is about 5+ hours

3) Insurance was a problem as the land is virtually all sea level and sea level rises could be an issue

4) Investors on a specialist cape verde forum reported a high incidence of poor build quality and finish

5) Didnt feel comfortable wiring large sums of money to little one man band CapeVerdean notaries / Lawyers. Even in the UK in the recent past there were a number of examples of Lawyers dissapearing with money. The chances of this happening in a small corrupt state are high.

We went for Morocco and Germany in the end.

Share this post


Link to post
Share on other sites

I've not visited Cape Verde, but ruled it out due to points 3 & 4 in DogBox's list and how close the islands are to the path that hurricanes take when making their way over to Caribean.

Not saying Cape Verde is a bad bet though. A couple of expats I've met on my travels live in Canarries and have said how a lot of them are selling up and moving to the Cape Verde islands. They at least have confidence in potential of Cape Verde.

Share this post


Link to post
Share on other sites

Have you actually visited either country? If not, why would you shortlist them both?

I suggest you visit both before investing thousands in property, particularly if you will be going there for the next 20 years.

We're booked to go to Slovenia in August. The Cape Verde option has come up on the blind side and just doing a bit of research now.

Many thanks Dogbox and Soup...

You don't say much about Slovenia. What put you off that one?

Share this post


Link to post
Share on other sites

We're booked to go to Slovenia in August. The Cape Verde option has come up on the blind side and just doing a bit of research now.

Many thanks Dogbox and Soup...

You don't say much about Slovenia. What put you off that one?

Nothing really, I just plumped for Germany and Morocco. Slovenia I am told is one of the prettiest places in Europe and the population inclined to honesty which makes it a much better target than say Bulgaria, Romainia et al. I think Slovenia could be the next Switzerland in terms of GDP and lifestyle.

I was offered a 3 bed brand new end of terraced challet at the foot of the ski slopes for £100000 which I thought was reasonable given the proximity of the slopes.

Mind you dont buy something that is in permanent winter shadow though.

Share this post


Link to post
Share on other sites

Nothing really, I just plumped for Germany and Morocco. Slovenia I am told is one of the prettiest places in Europe and the population inclined to honesty which makes it a much better target than say Bulgaria, Romainia et al. I think Slovenia could be the next Switzerland in terms of GDP and lifestyle.

I was offered a 3 bed brand new end of terraced challet at the foot of the ski slopes for £100000 which I thought was reasonable given the proximity of the slopes.

Mind you dont buy something that is in permanent winter shadow though.

Dogbox

Where was this? We're looking around Lake Bled and/or clsoe to the Italian border.

Share this post


Link to post
Share on other sites

Not looked at Slovenia as invetment. Friend lives in Villach in Austria - not far from border with Slovenia. When I visited him there we travelled out to Bled and then through capital (Ljubiana?) before heading to Italy. He explained that property prices near the border were catching up with Austria as a lot of the workforce on Austrian side of border are actually Slovenian earning better wages than they would in their own country. They were simply commuting from Slovenia to Austria each day. That was two or three years ago. First impressions were that Bled was picture book perfect, but I noticed it wasn't as nice once you went beyond the edge of the lake. (Note only spent an afternoon in area, so part I saw may not be representative of the rest.)

Capital was very nice in city centre, though we drove past some unappealing high density areas on outskirts to get there. Think one or two budget airlines have been flying there for some time.

I also recall that the main road from border with Austria to the capital wasn't good. It was in OK condition, but think only one or two lanes wide almost all the way. There had been a crash and we were queuing a long long time. I can recall passing accident and wandering how much quicker our journey would have been had the road had more lanes at that point.

That's my observations on Slovenia - those of a tourist, not an investor.

Share this post


Link to post
Share on other sites

Have been to Lake Bled twice on golfing holidays. Stunning scenery. Properties with lake views command a premium, obviously. Very easy to get there - daily flights on EasyJet. Relatively short season, May - September (a couple of beginners ski slopes in winter, but not a ski resort); friendly people, English widely spoken (in the resort, anyway). However, property not particularly cheap, and living costs i.e. food and drink comparable with UK.

Cape Verde - haven't been, but wouldn't consider for all the reasons given above e.g. flight times, quality of construction, lack of infrastructure, high risk of corruption.

Share this post


Link to post
Share on other sites

hi, have visited slovenia but prices are a bit steep now, i invested in istria which is the northern part of croatia, right on border of slovenia and italy, better rental potential although pricey. was thinking of south africa myself, but put off by corruption tales, instability in market and the crime figures, plus long way to go to keep an eye on proceedures. B)

Share this post


Link to post
Share on other sites

Thanks for all the comebacks. I'm off on holiday to Slovenia in 2 weeks time and will see how we like the place... It does sound like a great palce to buy as long as you avoid the major earthquake zones...

Share this post


Link to post
Share on other sites

Thanks for all the comebacks. I'm off on holiday to Slovenia in 2 weeks time and will see how we like the place... It does sound like a great palce to buy as long as you avoid the major earthquake zones...

Morning Charlzy

Last Friday some freinds and I have decided to look into Slovenia. They have booked flights.

We are thinking of buying as a group something with land in an up and comming area. They are all keen skiers.

Any suggestions? The main ski resort is too expensive according to our internet research.

Share this post


Link to post
Share on other sites

Dogbox: I think earth quakes are a problem near skiing area in Slovenia. Friend that lives near there (Villach in Austria) experienced an earth quake 2 or 3 years ago. He described the building he was working in as being like jelly for a few seconds. I've been in that building a couple of times. It looks solid. Concrete structure and only two or three floors high.

You certainly have an appetite for foreign investments - I'm having trouble keeping up with places you have an interest in. I've decided to stick with just the one property abroad and not to actively look elsewhere. I'm aware that if I opt for Moroccan mortgage they won't consider rental of property when making their affordability assessment. (I'm assuming this is the case as they ask for proof of income and everything they do seems to be based on French system. (In France they don't consider your rental, not even for leasebacks from the more established leasing companies.)) In short I need to keep my credit commitments to a minimum.

Edited by The Soup Dragon

Share this post


Link to post
Share on other sites

I have some experience of Slovenia, having bought a house a few miles from Lake Bohinj a couple of years ago. I've been very happy with my investment there and would like to keep the house permanently , although my wife wants to sell up in a year or so, so that we can buy in the UK again (we STRed in 2004).

Wizzair now fly to Ljubljana from just £30 return, inc. all taxes. The road mentioned earlier in this thread that runs between Ljubljana and the Austrian border is being made into a motorway as we speak (I was there two weeks ago). Most importantly though, Slovenia will adopt the Euro on 1 January 2007, which will only help the country to prosper even more.

Not many Brits appear to have bought in Slovenia, although I often encounter plently of them on house hunting trips when I'm there. The locals in my village tell me that Germans are the predominant foreign buyers though. You should consider carefully before buying in the Bovec area up near the Italian border, as it is prone to earthquakes.

I can't speak for Cape Verde, as I've never been there. As an investment however I do feel that Slovenia still has somewhere to go in terms of capital appreciation.

Share this post


Link to post
Share on other sites

If you want good skiing, excellent accessibility, beautiful unspoilt nature, all year round aquaparks, spas, castles, etc, ever looked at Slovakia? Prices are rising but cheaper than Slovenia... friendly & honest people too.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.