PROPERTY ON MARGARITA ISLAND

Property on Margarita Island is a dream where fabulous weather and great beaches combine with top-level infrastructure and services. Margarita is your ideal location to buy investment property, retirement villa or apartment or to simply enjoy a relaxing holiday home.

Low entry level property prices in Margarita make the purchase of the real estate one of the most affordable in Caribbean (two bedroom freehold beach side apartments start at just over Euros 50,000)

Excellent short and long term property capital growth in Margarita is guaranteed due to both the arrival of international buyers and government incentives to build tourist resorts and facilities. A sustained increase in property prices in Margarita is due to internal demand, caused by macro-economic growth (petroleum,) and also due to external demand from foreign investment.

Margarita Island is a duty free island with no VAT, no Wealth Tax, no local Income Taxes and virtually no property taxes compared to Europe. The costs of buying a property in Margarita are very low compared to other islands and countries (property sales tax is only a 0.5%).

If you are looking to invest in bricks and mortar for capital growth and rental returns, then it's time to consider the exciting new emerging property market of Margarita Island.

REASONS FOR BUYING A PROPERTY ON MARGARITA ISLAND

• There is currently a major shortage of property supply on Margarita Island. The tourist industry on Margarita Island has been established for over 40 years with 2,000,000 million tourists in 2006.
• Rental returns are guaranteed due to excess demand for accommodation caused by a booming tourist industry. More than 8000 disappointed tourists were unable to visit Margarita in 2005 due to lack of accommodation. (Source: Corpotour, the Tourist Board of Margarita).
• Venezuela is one of the 2nd fastest growing economies in the world after China. (Source: The Economist)
• Uniquely being the only Caribbean island outside the hurricane belt, Margarita is a natural haven for all boats. You will enjoy summer weather throughout the year with refreshing breezes and an average temperature from 24°C to 32°C.
• The island has excellent communication links with the rest of the world and direct flights from the UK, Europe and America. Margarita is developing as a central hub for travellers with more air services being tied down.
• 85% of the Island is still virgin with plenty of land available front line to the sea and at very affordable prices.



• Direct flights from Manchester and Gatwick with First Choice have a duration of approximately 9 hours. Indirect flight routes exsistfrom major cities, with most airlines flying into Caracas. From Caracas you can fly into Isla Margarita via one of many daily 35 minute shuttle flights.
• Cheap cost of living (e.g. 80 litres of petrol cost approximately GBP1.50)
• Excellent modern infrastructure compared to many other Caribbean countries with tarmac roads, all major Western brands (Cartier, McDonalds, BMW, Benetton, Hilton Hotel etc:), shopping centres, casinos, golf and a vibrant nightlife in the cities.
• With the beautiful beaches with golden sands and crystal clear waters there are a variety of activities to keep you entertained: cruises, sailing, casinos, golf, big game fishing, scuba diving, surfing, windsurfing and kite surfing. Direct flights are also available to the Angel Falls (tallest water falls in the world), the Amazon jungle, other nearby Caribbean Islands, South America and North America.
• The population is welcoming and friendly and most islanders will speak basic English in tourist areas.

Isla Margarita is a real estate gem, which is worth seriously checking out, before everyone starts flocking to this beautiful island and snapping up the limited amounts of property available (which will cause prices to increase in line with those of other Caribbean property markets).

Buy your property in Margarita today - make sure you don't miss the boat.

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