How much does a house in Cape Verde cost? Prices by area (2026)

Let's get straight to it, because that is what price searchers want: numbers. The figures below reflect our portfolio and the Praia market in 2026. Since the escudo is pegged to the euro (€1 = 110.265 CVE), the euro equivalents are exact.

Apartments in Praia

• 1-bedroom — 4.5 to 8 million CVE (€40,800–€72,500), depending on area and condition;
• 2-bedroom — 7 to 15 million CVE (€63,500–€136,000) in central areas; in Palmarejo typically 9 to 16 million;
• 3-bedroom — 10 to 20 million CVE (€90,700–€181,400);
• 4-bedroom and up — from 15 million, with the top of the market (sea view, new build) above 25 million.

Per square metre, the capital's established residential areas trade between 80,000 and 150,000 CVE/m² (€725–€1,360/m²) — new builds with sea views can exceed this range.

Houses

The range is wider because the product varies more: a fixer-upper on the outskirts can appear at 8–12 million, while modern houses in prime areas (Prainha, Palmarejo Grande, Cidadela) easily run 20 to 40 million CVE (€181,000–€363,000) and beyond.

Land

• Serviced plots on Praia's outskirts — 8,000 to 25,000 CVE/m² (€73–€227/m²);
• Rural inland plots — a fraction of that, depending on access and water;
• Construction cost — 45,000 to 80,000 CVE/m² (€400–€725/m²) depending on finishes.

Rents (for investors)

In Praia, one-bedrooms rent for 30,000–40,000 CVE/month and two-bedrooms for 40,000–90,000 CVE/month; in Palmarejo a two-bedroom reaches 60,000–100,000 CVE/month. Against purchase prices, gross annual yields typically land between 5% and 8% — details in our investment guide.

What moves the price (more than you would think)

• Sea view — can add 15% to 30%;
• Floor and lift — high floors without a lift discount; with a lift they command a premium;
• Paperwork condition — irregular documents mean a discount, but the risk rarely pays for the buyer;
• Parking — increasingly decisive in Praia.

Don't forget transaction costs

Add IUP (~1.5%), notary and registration — about 3% to 5% in total. Our buying guide covers it all.

Want concrete figures instead of ranges? Real prices are on every listing among our properties for sale — always in CVE with the euro equivalent alongside.