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| Location: |
Margarita Island, Sea |
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| Bedrooms: |
1 |
| Price: |
£29500
€43458
$57761
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| Pictures: |
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| Description: |
Margarita Climate:Margarita is blessed with one of the most fantastic climates in the world. The temperature only changes about 4ºC over the whole year ranging from Daytime temperature highs of 30ºC (86ºF) in September to lows of 26ºC (80ºF) in January. Night-time temperatures are about 3ºC cooler. In addition, Margarita Island is completely outside the hurricane zone. There are also no volcanoes. There is no fog or hail, and the rain, when it comes, seldom lasts very long. With 8 or more hours of sunshine a day, 320 days a year, the climate here is perfect for those seeking warmth, temperatures range from 25-32C.Access Getting there isn’t tricky, with direct flights operating from Gatwick and Manchester, and an additional 18 indirect flights from other UK airports, mostly going via Caracas in Venezuela. Once you’ve bought a property, living here certainly won’t break the bank.Utilities:Telephone service as provided by the main company CANTV including Internet and Cellular. Almost everybody has a digital cellular phone and internet connections are reliable high speed broad band. Electricity is provided by Seneca, and water by Hidro Caribe.The Island:The Island offers 72 wonderful golden sandy beaches. Relax on beautiful Playa el Agua and Playa Parguito and many more -- diving and surfing are also excellent here. With unspoilt, blue seas and year-round sun, Margarita is a haven of delights; island living in unspoilt, sparsely populated sunny climes, is the ultimate dream of many foreign property buyers. The Caribbean paradise island of Margarita has all this plus duty free that ticks all the boxes. It's Va Va Voom on the Island of Margarita this exotic outpost has all the benefits and few of the pitfalls of some overseas favourites closer to home - and a property sector that's revving up...The island is 67 kilometres long and 32 kilometres across at its widest point. There were a grand total of 1.5 million visitors in 2005 and it is the number one holiday destination for Venezuelans. The city of Porlamar has the usual collection of shopping malls, hotels, restaurants and nightlife, as well as an international airport. The islands capital, Las Asuncion, is set on a hill overlooking its eastern tip. Perhaps the most beautiful town is colonial-style Pampatar, with its pretty harbour. Here you can sit and watch the fishermen haul in their catch before dining on fresh fish in the waterside restaurants. Isle Margarita is also one of the largest importers of Scotch whiskey in the world!!!!!!!!Investment PotentialThe rental potential is six to eight per cent per annum and current figures show capital growth of 32 per cent. Buying is straight forward and cheap, as anyone can own property and there’s no need for residency to live on the island.Margarita has been a tax, VAT and duty free zone since the Sixties. The purchaser of a property doesn’t pay any tax on the purchase, only a normal 0.5 per cent sales tax, one percent for land registry and $100 for the notary. There is an annual property tax of about $100.
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| Agent: |
DSR Asset Managment Ltd
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| Company info: |
DSR is the only company dedicated to supporting investors in the worlds emerging and established property markets. We understand how difficult it can be to invest in the overseas property markets
We are one of the most influential and innovative companies in the International Property Investment arena. We are dedicated guiding our investors through the sometimes complex world of opportunities that the global property markets offer.
In achieving our mission, we provide a range of services including personal support, education, local expertise and access to a huge variety of properties from around the world.
Each potential global investment market is subject to extensive research conducted by our in-house research department. This ascertains whether or not the market of choice has the credentials to go on to offer strong investment opportunities.
The intricate details of a country’s economic, political and legal standing will be analysed and will have a direct bearing on whether or not the country can be considered a good investment market. All collated information is condensed into reports which are made available to both the sales team and their clients.
The procedure begins by collating general research from a range of sources including The Economist, The Financial Times, the World Travel Organisation and Foreign Direct Investment Magazine. This research will cover everything from government stability, to GDP growth and will move through consumer spending, the availability of credit, rates of urbanization and supply and demand.
Once a city and development has been selected, the sourcing team then hand back to the research department who undertake a final stage of research compiling information for the Investment Prospectus.
These uncertain times are undoubtedly producing some very exciting opportunities that were not previously available to non institutional investors. We believe this is one such opportunity.
If you're looking at buying property abroad as an investment, you can find out all about the investment prospects and buying processes in various emerging property markets
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