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Follow on Google News | Isla Margarita Investment Property from Property AbroadOverseas property portal Property Abroad has announced the addition of a new off-plan development on the Caribbean island of Margarita just off the coast of Venezuela.
By: Les Calvert "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- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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