Margarita property investment
Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands which form the state of Nueva Esparta and now with major economic and tourist factors in its favor it is about to be the next big thing in the Caribbean for property investors according to Simon Jones market analyst at http://www.internationalhotproperty.co.uk . “The island itself is currently experiencing rapidly expanding tourism and real estate sectors, where annual investment returns from property are currently reaching double digits! To secure this rate of growth, significant effort has been made by the government to provide incentives for investors. In 1999, a law was passed by the government allowing foreign ownership of property on the Island. Essentially, any property you purchase on Isla Margarita is fully secured freehold real estate. Last year, the president of Venezuela, Hugo Chávez committed to creating a transparent environment where overseas investors can benefit from the growing strength, attraction and appeal of the nation. Only 15% of Margarita has currently been developed, yet tourist figures have increased by 40% over the last two years. With a US$350 million Formula One Circuit complete with Race Academy poised for construction, premier golf courses, a Nikki Beach and perfect conditions for kite surfing, windsurfing, sailing and scuba diving, its easy to see why Isla Margarita is catching the eye of the global tourist market, with 2.3 million arrivals in 2007 alone being just some to the major factors in Margarita’s favor” explained Simon.
International Hot Property are particularly keen on the Caracola Beach and Spa Investment on Margarita because according to Simon “It gives our investors everything you could possibly want from international property investment and most importantly an Investor can get in for as little as €76,000 with a guaranteed rental income of 7% which for such a secure investment represents a great investment in the current International property market”
The Caracola Beach & Spa Resort comprises of 1244 properties and duplexes spread over 15 Floors, overlooking the stunning Caracola Beach, on the eastern fringes of the island’s main town, Porlamar. With four different floor plans to choose from, populated across three blocks, the properties vary in size from 58.5m2* to 125.8m2*, nearly all
with their own sea facing terrace. Construction will be to the highest standard in accordance with stringent building regulations and comes with a 10 year building guarantee. The rental guarantee is being offered by the Geneva Hospitality Group, a premium hotel management Company with an established presence in the US. The return will be paid in arrears every 6 months and is 100% guaranteed at a minimum of 7% net
For the 10 year term, rising to 8.25% after year 5 is above 75% occupancy is achieved.
Property investors wishing to find out more about Margarita property investment should contact International Hot Property by email or phone.
HQ Mailing Address:
International Hot Property
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana
CONTACT VIA TELEPHONE
UK: 0207 558 8355
International:
Emal; info@internationalhotproperty.co.uk
Webiste: http://www.internationalhotproperty.co.uk/
Photo:
http://www.prlog.org/
