Margarita is an incredible short-term investment for property investors; property prices have risen by an average of 32 percent annually during the last two years. It is also one of the few Caribbean islands not on the hurricane belt so investors can be safe in the knowledge that their property will remain safe in their absence.
Yet it is not just the high capital appreciation that is attracting investors. The island’s dramatic mountainous terrain rises up to over 1000 metres above sea level, lined with lush vegetation, flora and fauna and framed by 72 golden white sandy beaches. With 8 or more hours of sunshine a day and temperatures ranging from 23-32C it is the perfect place to holiday in and to make substantial rental income from; Margarita property easily achieves rental yields of 8-12 percent.
Getting there is easy too. Direct flights operate from Gatwick and Manchester, and an additional 18 indirect flights from other UK airports, mostly going via Caracas in Venezuela.
David Stanley Redfern currently has four properties in Margarita, and as all their properties are Condominiums they will be exempt from any laws imposed by the Venezuelan government on Venezuelan and Margarita property.
The Apartment Margarita Plaza is available for just £55,000 and is located in Porlamar – the largest commercial centre on the island filled with restaurants, bars and cafes all within easy walking distance of the beach. The 2 double bedroom, 2 bathroom apartment with fully fitted kitchen, breakfast bar and separate dining room is just 30 seconds walk from the beach, but owners don’t have to walk that far if they want to use the swimming pool or Jacuzzi.
Then there’s the Caracola Beach and Spa Resort overlooking the stunning Caracola beach. Each apartment will have a fully fitted kitchen (including white goods), climate control air systems and furniture. All bathrooms will be fitted with Roca or equivalent sanitary ware, and the development has plenty of semi-covered parking. The building is an eco-sensitive design with a thermally efficient environment and has a 10 year guarantee. Apartments range in size from 58.3m2 to 125.8m2 and prices start from £63,000.
Buying those or any of DSR's Margarita properties is straight forward and cheap as Margarita has been a tax, VAT and duty free zone since the sixties. The purchaser of property doesn’t pay any tax on the purchase, only a normal 0.5 percent sales tax, one percent for land registry and $100 for the notary. There is no need for residency to live on the island and the annual property tax is around $100.
Where else could you get a beach-front Caribbean property for these prices?
Find out more about Margarita property
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment