Les Calvert, company director commented on the new development:
"Venezuela gets a lot of bad press, but Margarita Island is a very promising new emerging market. It is the only Caribbean island outside the hurricane belt, and the climate is hot but not too hot all year round. Property prices are very reasonable considering the tourism figures, which rose by between 300,000 and 500,000 per year between 2004 and 2008 and are expected to continue to rise strongly in 2009. This is because Margarita has all the strengths of the Dominican Republic, namely the climate and everything being incredibly cheap, but none of the downsides namely reputation of high crime because of proximity to Haiti”.
"As Margarita emerges as a popular holiday destination,"
As Les said Margarita property is among the cheapest in the Caribbean. For instance a 1 bedroom off-plan apartment on Margarita Island's Caracola Beach Resort & Spa development is available from £58,800. Not the lowest price ever recorded, but considering that Caracola is a five star fully equipped resort development, the main doors open right onto a sun-soaked Caribbean beach, and the apartments are the absolute lap of luxury; the price becomes incredible value for money.
The SIPP compliant apartments come with a construction quality guarantee alongside a 7% net guaranteed rental yield for the first 10 years.
Property Abroad have several other Caribbean properties in Venezuela, including a 4 bedroom villa on Margarita island priced under £200k, find out more by visiting the site.
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
For more information contact liam@write-about-
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-
Chief Marketing Analyst
Liam Bailey
liam@property-
