04/02/12 - Cape Verde enters Top 10
Spain remains the top investment destination for individuals looking to make an international money transfer and purchase a property overseas.
TheMoveChannel.com's Top of the Props report revealed the nation remains in the number one position for another month, with the US following closely behind in second place.
However, one of the most notable gains was made by Cape Verde, which re-entered the top ten after jumping 18 spots to be ranked seventh.
In January, the country attracted 3.67 per cent of the sites enquiries, which echoes its move up the table in August 2011 when it climbed five spots to break into the bottom of the chart.
Last month, it beat Turkey and Brazil to rank just below 2011's newcomer Bulgaria.
Director at TheMoveChannel Dan Johnson commented: "Cape Verde keeps returning to TheMoveChannel's top ten despite any major marketing push from agents and developers."
He added: "With its building tourist numbers and relatively un-crowded real estate market, Cape Verde's imbalance between supply and demand is seeing these buyers turn to somewhere smaller in the hope of bigger returns."
Elsewhere, the US managed to reverse its negative dip in popularity to rise above Portugal and France.
It was noted the low property prices and signs of market recovery are likely to have been behind the resurgence in interest from investors.
However, Cape Verde was described by the property experts as sure to have one of the brightest outlooks in 2012, as the World Bank projected its Gross Domestic Product to reach 6.8 per cent in the next 12 months.
In October, TheMoveChannel reported Spain held the number one spot in the rankings, while the US beat France to take second, after the nation climbed 1.06 per cent.