We Sell Sea Shells on the Sea Shore
The stunning Caribbean island resort of Isla Margarita off the coast of Venezuela has been discovered! Long since hidden from the wider world, it is possible to fly to the island directly from the UK, Europe and the US, or to fly to Caracas which is just a 35 minute transfer time from the island itself.
Situated in the Caribbean yet outside the region’s hurricane zone, Isla Margarita is a paradise on earth that deserves to be discovered because of its inimitably perfect climate, its pristine beaches, the fantastic infrastructure, the friendly local people and the quality of life that you can sample on the island.
Unsurprisingly, now that Isla Margarita has been more widely discovered, it is enjoying a booming period of tourism interest and this has kick started an emerging and highly successful property market.
Forming part of the state of Nueva Esparta, Isla Margarita is a typical Caribbean getaway. It is encircled with palm fringed white sandy beaches, and the interior of the island is dramatically mountainous in places and typically rich in dense flora and exotic fauna. Isla Margarita’s perfect 300km coastline is lapped gently by the cerulean Caribbean Sea waters, and the entire island is blessed with an average of 344 sun-kissed days every year, making it a truly wonderful holiday or retirement hotspot for all nationalities.
Once a visitor arrives in Isla Margarita after around a 9-hour flight time from the UK they are immediately struck by the peace and beauty of their destination, and by the sincere warmth and hospitality of the people. There is so much to do and see on the island that a typical two-week vacation will never be enough! There are the places of interest to visit such as La Asuncion with its ancient church and historic buildings, the Restinga National Park or vibrant town of Porlamar where you will find the ancient heart of the town has been given a new lease of life thanks to the growing numbers of visitors and residents Isla Margarita is welcoming annually.
Newly added amenities, facilities and infrastructure mean that there are also golf courses, hiking and horse riding trails, spas, restaurants, bars and fantastic tax-free shopping experiences to be had on Isla Margarita as well. These benefits of visiting this stunning and accessible Caribbean paradise, coupled with ever improving accessibility and concerted public and private efforts at raising international awareness of the attraction of Isla Margarita, mean that visitor numbers have risen from 1.5 million per year back in 2005 to 2.5 million last year. And the increase in tourism numbers is having a very positive effect on what is already a strong economy. GDP growth rates in Isla Margarita averaged 11.3% per annum between 2004 and 2007 for example, and now that the location’s property market is really beginning to emerge strongly, there is nothing to suggest that these strong levels of growth won’t continue.
According to Mark Andrew, the Sales Director of international real estate agency Emerging Earth and an expert on the Isla Margarita real estate market: “property investors are being particularly attracted to the high-end opportunities on the island where tourism interest is more intensely focused. At the moment there is a deficit in terms of the supply of suitable condominium accommodation in higher end resorts, and demand is exerting upside pressure on the real estate market, making strong capital growth and rental yield figures realistic and achievable.”
One development that is proving hugely popular with investors is the Caracola Beach and Spa Resort. A caracola is a conch shell indigenous to Isla Margarita and the Caracola Beach and Spa Resort is a fabulous development with exceptional investor options. Encircling a long golden-sanded beach on the edge of the island’s main town of Porlamar, the resort comprises of apartments and duplexes with stunning views of the beautiful Caribbean Sea.
The onsite facilities, like the real estate for sale, are first class – they include restaurants, bars, swimming pools, a spa, gymnasium, beauty salon, luxury retail outlets and beautifully landscaped gardens. All of the properties for sale are 1 or 2 bedroom units and they come fully furnished and with a guaranteed rental return of 7% per annum net for 10 years.
As an investment purchase the units are SIPP qualifying and offer tax efficient freehold ownership, making them of maximum interest to a rapidly growing investor base. Prices start from just €79,000/ £63,000 for a one-bedroom apartment, and for more information, please contact Emerging Earth on 0845 604 1208, email team@EmergingEarth.com or visit www.EmergingEarth.com.