Investment Opportunity: Development of Apartments in Santa Maria
€1,600,000€1,076/m²
Santa Maria, Sal Island, Cape Verde
24
bedrooms
16
bathrooms
1,487 m²
interior
1,487 m²
plot
Apartment
property type
7 Jul 2026
listed
The Habio take
AI summaryThis impressive development comprises 24 spacious apartments, offering a robust investment opportunity in the heart of Santa Maria, Sal Island, Cape Verde. Known for its stunning beaches and vibrant culture, this location is increasingly popular among both tourists and residents alike.
- beach
- investment
- rental income
- new build
Highlights
- 24 bedrooms across 16 apartments
- Spacious internal area of 1487 m²
- Located in the vibrant Santa Maria
- Strong rental potential
- Close to beaches and amenities
- Built in 2008 with modern standards
Worth knowing
- Potential need for interior refurbishment to maximise rental income
Good fit for: Ideal for investors seeking rental opportunities in a growing tourist destination.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 75
- Airport access
- 70
- Investment
- 80
- Luxury
- 65
- Value
- 75
About this place
This development of apartments for sale in the Tanquino district of Santa Maria features a total of 24 bedrooms across 16 well-appointed apartments, divided into eight one-bedroom and eight two-bedroom units. The apartments cover a generous internal area of 1487 square metres, providing ample living space. Built in 2008, the property sits above a medical centre, highlighting its advantageous location.
Santa Maria boasts long, wide beaches that are complemented by pastel-coloured buildings, lively restaurants and bars. As the main resort area on Sal Island, it offers many amenities within a short walk, making it ideal for enjoying the local culture. The area’s clear waters host diverse marine life including rays and sea turtles, while the nearby Kite Beach attracts kitesurfing enthusiasts.
Sal Island, part of the Cape Verde archipelago, features a rich history with influences from Portuguese, African, and Brazilian cultures, creating a unique atmosphere. Investors can benefit from potential rental income through platforms such as Airbnb and Booking.com, particularly if the apartments are redecorated to enhance appeal. With close proximity to essential services and sports facilities, this development presents an excellent opportunity for those looking to enter the Cape Verde property market.
What this place offers
- private parking
- close to bars and restaurants
- close to supermarkets
- close to pharmacies
Buying property in Cape Verde
Buying property in Cape Verde involves a series of legal steps from selecting a property to registering it in your name. Potential buyers should budget for additional costs, including taxes and professional fees, which can amount to 5-8% of the property's value.
Each region within Cape Verde might have slight procedural variations, so it's important to consult a local lawyer to confirm specifics.
Recent tax reforms have simplified the process by introducing the ITI transfer tax, making it crucial to understand new tax liabilities.
Sources consulted (2026-07-27): - Buying Properties in Cape Verde: A Complete Guide.: https://simplycapeverde.com/buying-properties-for-sale-in-cape-verde-a-complete-guide/?utm_source=habio - Real Estate in Cape Verde – Buyer’s Guide | Belalgarve: https://www.belalgarve.com/en/real-estate-cape-verde/?utm_source=habio - Cape Verde Property24 - Can Foreigners Buy Property in Cape Verde?: https://capeverdeproperty24.com/en/blog-en/can-foreigners-buy-property-in-cape-verde?utm_source=habio - Buying Property in Cape Verde as a Foreigner: Full Guide: https://ownpropertyabroad.com/blog/buying-property-in-cape-verde/?utm_source=habio
Always verify all details with a qualified local professional.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
