Margarita Property Investment

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Investment Property in Venezuela

Caracola Beach and Spa Resort. Isla Margarita, Venezuela

With four different floor layouts to choose from, populated across three blocks, the apartments vary in size from 58.5m2* to 125.8m2*, nearly all with sea views.

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Caracola Beach and Spa Resort. Isla Margarita, Venezuela Summary

Price range of: £63,000 - £140,000
Bedrooms: 1 - 2
Development Type: Apartment
Listing Type: Sale

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The Resort

The Caracola Beach & Spa Resort Comprises of 1244 apartments & duplexes spread over 15 floors, overlooking the stunning Caracola Beach, on the eastern fringes of the island’s main town: Porlamar.

The Apartments

Construction will be to the highest standard in accordance with stringent building regulations, and comes with a 10 year building guarantee. Each apartment will have a fully fitted kitchen (including white goods) as well as climate control air conditioning systems and all other furniture**. All bathrooms will be fitted out with Roca or equivalent quality sanitary ware. The development will also have plenty of semi-covered parking.

The project is designed to be very eco-sensitive with the use of two layers of bricks with foam insulation, combined with double glazed windows, which make for a thermally efficient environment. Caracola’s high standards of construction will set the benchmark for others to meet and follow.

Main Info

• Ground floor investment
• Low property prices
• Property ownership is freehold
• Good accessibility, particularly from Europe, South America and the US
• Good Infrastructure - International airport & developed road systems
• Low cost of living
• Warm consistent climate, all year round
• Great facilities, activities and attractions
• Naturally beautiful, both mountains & beaches
• Tax efficient - Isla Margarita is a tax and duty free zone
• Visitor numbers reached 2.3 million in 2007 (up from 2m in 2006 and 1.5m in 2005)*
• Consistently strong economic growth:- Average GDP increase of 11.3% per year between 2004-07**

The Location

Isla Margarita, known as the "Pearl of the Caribbean" is the most developed of three islands which form the state of Nueva Esparta, just off the North East coast of Venezuela. Although situated within the Caribbean, Margarita is not in the hurricane belt. Its’ natural beauty and tropical climate make Isla Margarita an increasingly popular tourist destination.

Isla Margarita measures 55km east to west by 22km North to South. The dramatic mountainous terrain, populated with lush vegetation, flora and forna ascends to over 1000 metres above sea level and is framed by many stunning white sandy beaches.

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