Sao Vicente Baia das Gatas Property Development
North Coast seaside resort Salamansa Sands, Baia das Gatas
Possibly on a cliff near Baia das Gatas, a large 600 hectare site
this will have sufficient land area to build 1000 villas of 2 to
5 bedrooms and 500 apartments. There is scope for another marina
although this may require dredging as the sea is very shallow off
this coast. Yet another golf course of 18 holes is proposed and
there will eventually be scope for two hotels the medium-sized 500
bed Beach Hotel, and the small 100 bed Lagoon Hotel . It is also
planned to build a water therapy and beauty treatment centre on
the hill behind.
J from Spain built a villa there
"Did my thing a couple of years ago, since which time prices and
market have changed somewhat. However, I am looking at investing
again in building three condo style houses with three bedrooms each
which will overlook the sea, about 1km outside Baia Das Gatas. I
reckon I can bring in these at a cost price of around €75,000
to €85,000 (land and building cost). However, I am still doing
homework for a few weeks and need to look and plan more closely.
Thing is...I suspect this is all a very different market/situation
to Sal. This is not a mainstream tourist destination. Fairly isolated
peace and tranquility. Beautiful setting and overlooking up and
coming Baia Das Gatas (which has nice beach/bay-.but beach not as
nice as Santa Maria on Sal and 14km from buzzing trendy Mindelo.
My gut feel would be that the people who like Sal Island may not
like this as it is quite different....but don't know. Sal is probably
a safer investment from the point of view of growth in visitors/tourists/facilities
etc."
A Nikki hotel is promised. But this seems to be a group with a
massive publicity machine but without any actual hotels. It may
be as elusive as the proposed golf courses. Do not base any investment
decisions upon either eventuality and you will not be disappointed.
