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Posted On: 30/06/2009
Property Investment Opportunities in Isla MargaritaMoving away from Europe, property investment prices are extremely lucrative in some of the other gorgeous locations on the planet. Isla Margarita, located 38 kilometres off the north shore of Venezuela epitomises how natural beauty is sufficient to attract large number of real estate investors. The investment property Isla Margarita offers in the present times is equally rewarding, if not more, than some of the premier European cities.A little about Isla MargaritaIsla Margarita is one of the three and the largest islands of the Nueva Esparta state in Venezuela. The islands of Coche and Cubagua complete the Nueva Esparta state. Discovered by Christopher Columbus in 1498, Isla Margarita is 78 kilometres long and its widest side measures around 20 kilometres. The weather is warm throughout the year with temperatures ranging from 24°C to 37°C.As with any other resort island, beaches and coastal lifestyle is something quite unique to Isla Margarita. Famously known as the ‘Pearl of the Caribbean’, as it is the world’s major source of natural pearls, this mountainous tropical ‘Gateway to Venezuela’ has been a favourite among the South American travellers. With over 50 beaches along 106 miles long splendid coastline, the island is witnessing a rapid improvement in tourism in the recent years.Some of the best hotel brands have already set up their shop at Isla Margarita anticipating a further surge in the tourism sector, which is surely looking to beat some of the world’s best tourist destinations. Fully refurbished Margarita’s Santiago Marino International Airport ensures top-class connectivity to and from the island, making it ideal for international investors.Some of the other attractions that draw immediate investors’ interest include a championship golf course, a vibrant nightlife in the Costa Azul suburb in the commercial city centre of Porlamar, waterfront duty-free shopping centre, under-construction new port, cafes, restaurants, and other latest amenities that are vital for modern lifestyle.Natural beauty of the island is supplemented by La Restinga National Park, which consists of 25,000 acres of wetlands and some of the best indigenous flora and fauna. In a nutshell, Isla Margarita has something of interest for every one irrespective of age and preferences.Property in Isla MargaritaA beautiful island, like Margarita, certainly deserves much more real estate prices than it currently offers. The Brit investors are in for a major surprise while planning to invest in Isla Margarita. Compared to most other Caribbean islands, Isla Margarita is much cheaper in all aspects. Moreover, this gorgeous island is outside the hurricane belt making it much safer to visit and enjoy.Experts predict that the cheap property Isla Margarita has on offer in plenty will see as much as double the price in 4 years’ time. The major drivers include holiday property, rental property of any kind, coastal property, and even commercial property too fetches excellent return on investment.You can also opt to buy apartment Isla Margarita has on offer. These small dwelling units are perfect for either residential purposes or holidaymakers. Even if you plan on a long-term investment, apartments will give you a regular handsome monthly income to offset your bills. The investment for 2-bedroom fully serviced apartments could range from £44,000 - £50,000.The investors short on cash can always look forward to off plan property Isla Margarita is currently promoting in a big way. While you spend a fraction of the built up apartments, you’ll earn much more simply because Isla Margarita market is soaring northwards.With consistent double digit GDP growth, fuelled by the booming tourism sector, Isla Margarita is every bit an investor’s paradise. Since the island is a Venezuelan property, the investors may be slightly put off by the leftist policies. However, notwithstanding the strong anti-American tirade that President Hugo Chavez often pursues, the reality of the realty market is too strong to become a victim of politics. The country is a booming economy, thanks to the petro-dollars that freely flows in Venezuela. The investment climate in the country is, overall, good. People are friendly and hospitable, and there is no dearth of places of tourist interest in Venezuela.Being a Brit investor, if you are not considering some kind of real estate investment in Isla Margarita, you are missing a golden opportunity to strike a handsome bargain.
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