This is a rare opportunity to purchase up to 12 plots of approximately 400 m/sq each in a new unrbanization area of Soa Nicolau called Cha do Norte for as little as 21 euros a m/sq. The Camera of Sao Nicolau recently released this land for development, and will eventually put in roads, water and electricity into the urbanization.
Land in Sal can be over 600 euros a m/sq, so this land as low as 21 euros m/sq has masses of potential to increase in value over the next few years.
There are 6 plots available of 403.65 m/sq which are 24 euros a m/sq, and there are 6 plots of 390 m/sq which are priced at 22 euros a m/sq. If both batches of 6 plots are bought together the owner is willing to sell for 21 euros a m/sq, 100,000 euros.
There are no time scale restrictions as to when the land can be built on.
This is a superb opportunity for land banking on an island which is less develeloped than Sal, however Sao Nicolau has many plans for the future, including this new Cha do Norte unbanization, new banana plantations and holiday villages. The flight time from Sal is just 20 minutes.
Soa Nicolau is an island which is extremely friendly and is the island where many Cape Verdeans have holiday homes for the weekends.