Margarita real estate
Margarita real estate in a tropical paradise ... Only €3000 to reserve ...
Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands which form the state of Nueva Esparta. Although situated within the Caribbean, Isla Margarita is not in the hurricane belt. Its' natural beauty, location and tropical climate make the island an increasingly popular tourist destination.
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.
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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 Veneuzela, 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 kitesurfing, 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.
- 10 year rental guarantee - 7% Net
- Only €3000 to reserve
- Optional 28 days personal useage per annum
- No Maintenance Fees, No Management Fees, No Service Charges
- Ten Year Rental Contract Renewable for Further 10 Years
- Prices start from just €79,000
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- Full information pack
- Brochures
- Financial information
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Caracola Beach & Spa Resort
The Caracola Beach & Spa Resort comprises of 1244 apartments 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 apartments 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. 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 follow.
*Including terraces
** includes all furniture and fittings required by Geneva Hospitality to enter the rental pool
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Resort facilities
There is 10,000m² of dedicated internal communal space within the resort, with approximately 15,000m² for exterior communal areas such as gardens, paths, lakes, swimming pools, etc The resort will have three restaurants as well as a Health Spa and a gymnasium with a wide range of sports equipment. There will also be plenty of bars and cafes and in-house duty-free shops. The resort will also include a nightclub, which will be completely soundproofed
Foundations
The foundations will be constructed using a system of isolated footings and beam footings in reinforced concrete. This will be covered by reinforced concrete to support vehicle traffic. Structure Purpose built structure with reinforced concrete pillars. One-way slab flooring including electrowelded netting. The entire foundation and structure will comply as per the design and the execution, according to EHE and new build regulations.
Brickwork
Two layers outside front walls, formed by ceramic brick, with 4cm thick expanded polystyrene insulation and partition brick walls, laid with cement and covered on the interior with plaster.
Apartment internal
All the apartments are fully furnished with stylish, modern simplicity, featuring stone tile floors and hand crafted Caribbean mahogany furniture.
- Telephone for internal and external calls
- FREE furniture pack
- Communal satellite dish
- All apartments have an interactive entertainment system with flat screen TV, Internet access, stereo, personal in room safe and telephone
- Bathroom fixtures will be “Roca” or similar
- Top quality sandstone tiles inside the units
- Air conditioning
- Fully equipped kitchen including white goods
Why invest in Caracola Beach Resort
The Caracola Beach Resort provides you with an incredible opportunity to generate significant wealth through anticipated high capital appreciation as well as a guaranteed rental return for 10 years. If you combine this with the very attractive tax benefits of Isla Margarita and tax efficient ownership by purchasing through a company, you have one of the best investment opportunities that our team has seen.
The project has been incredibly well packaged with the end purchaser in mind, all hotel contracts, management solutions, licences and planning are in place prior to us selling the resort.
- The best development on the beautiful Caracola Beach
- 10 year RENEWABLE rental guarantee - 7% Net
- Prices from €79,000 - excluding payment term discounts
- No VAT, Wealth Tax, Income Tax OR purchase tax • 30% deposit held in ESCROW*
- Fractional ownership of 25% available with 1 weeeks usage per year
- 28 Days Personal usage per year for whole ownership
- No Maintenance Fees, No Management Fees, No Service Charges
- Purchase and legal costs of only 2%
- The last apart-hotel to be built directly on the beach in this area
- Fully SIPP and SSAS compliant, approved by Pointon York
*ESCROW simply means a legal arrangement in which your deposit for the property is deposited into safekeeping under the trust of a neutral third party (escrow agent) pending satisfactory completion of the development.
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Why invest in Isla Margarita
Location economy & industry
The economy of Isla Margarita is flourishing and the nation as a whole is seeing its economy go from strength to strength on the back of the abundant oil reserves from their neighbouring country, Venezuela. Venezuela is one of the top 10 oil producing nations in the world and its financial strengths are increasing continually as oil prices rise – and at the same time, the island's government is working hard to lessen the nation's overall reliance and dependence on oil for the longer term. Isla Margarita itself has a consistently strong economic growth with an average GDP increase of 11.3% per year between 2004 and 2007.
Tourism
Isla Margarita currently has average year-round hotel occupancy of 70% thanks to the presence of both domestic and international markets. It's only in the last couple of years that the island has been available to the global tourist market. With tropical forests, exotic wildlife, verdant plantations, delicious local cuisine, stunning beaches and a plethora of activities, Isla Margarita is the ultimate vacation paradise. According to the latest figures from the World Travel and Tourism Council, the government investment into the development of a sustainable tourism sector is paying off. The average annual increase in tourism numbers is already at 11.7% this year and is projected to rise to an astonishing 13% in 2009.
The weather
Isla Margarita enjoyed 344 days of sunshine in 2007, with over 94% of the days achieving 6 hours of sunshine or more. There have been years when the island had no measurable rain for several months. The daytime temperature averages at 30°C (86°F) and the nights are never below 20°C (68°F).
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Island details
Isla Margarita measures 55kmEast to West and 22km North to South.It has a dramatic mountainous terrain, populated with lush flora and fauna ascending to over 1000 metres above sea level. Out of hurricane belt A major plus point for the island is that it lies outside of the hurricane belt that traditionally affects many parts of the Caribbean, it also has no “traditional” rainy season, making it a truly all year round leisure destination.
Very low cost of living
Isla Margarita is a duty free country and the cost of living is remarkably low. Venezuela is the only country where petrol is cheaper than water, a 4 x 4 petrol tank can be filled for just £1.55 and a meal for two costs just £6. With Isla Margarita situated just off the coast of Venezuela it benefits from their extremely low cost of living.
Beaches
The best beaches on Margarita run along the North and East Cape like a string of pearls. There are at least 50 unique and magnificent beaches occupying 106 miles of the coastline. Isla Margaritas' beaches are not over-crowded, even at peak season, so those of you who prefer a more isolated and private beach will not have to look too far.
Golf
Golf lovers will be very impressed by the standard of facilities on offer at the par 70 Isla Bonita 18 hole golf course, just a short distance from Caracola beach resort. The course commands breathtaking sea views and is open all year round. If you wish to play, you may hire clubs, caddies and after an enjoyable round you can relax in the clubhouse bar where refreshments and food are readily available.
Hiking
If hiking is more your style, you will definitely want to explore Isla Margarita's numerous parks. The diverse conditions on the island allow you to explore mountain rainforests one day and sand flats the next.
Horse Riding
For a different kind of adventure, you may wish to explore the “Peninsula of Macanao” on horseback. If beaches are more appealing, then you can trek along the shores of Paraguito and Ascunsion Beaches.
Shopping
Isla Margarita is a duty-free zone offering a variety of shopping opportunities and exceptional value. Prices are 30% - 40% lower than the UK. The more discerning shopper will be pleased at the extensive choice of designer clothes, jewellery and perfumes. Brands such as, Cartier, Tiffany's, Hugo Boss, Dolce & Gabbana and Breitling can be found at a fraction of the normal price.
Windsurfing
Isla Margarita is famous among windsurfers throughout the world. With its strong, consistent wind, warm water, and temperature, it's not surprising that Isla Margarita hosts professional windsurfing competitions each year.
Scuba Diving & Snorkeling
Isla Margarita offers excellent scuba diving and snorkeling. The main attraction is without doubt the abundant and diverse underwater life. The two most popular snorkeling and dive locations are Los Frailes and Isla Cubagua.. A snorkel trip costs on average between $40 and $60.
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Local attractions
La Asuncion
La Asuncion boasts buildings dating from the 16th and 17th centuries, including the oldest church in Venezuela and the fort of Santa Rosa. From the top of the fort you can view the valley, the hills in the distance and the blue waters of the Caribbean. On the roof is an entrance to a tunnel that served as an escape route for the soldiers of the revolution. During holy week, religious statues are carried through the streets of the city.
Porlamar
This is the island's largest town where major hotels, restaurants, nightclubs, and stores are located. The Franciscan monastic order founded Porlamar in 1536, and it remained a quiet fishing village until the end of the 19th century, when it was flooded with foreign merchants in search of pearls.
Restinga National Park
The fascinating La Restinga Lagoon is located on the small piece of land connecting the eastern & western sections of Isla Margarita. Designated as a national park it consists of an amazing mangrove forest, interspersed with explorable water channels and lagoons. The park is home to many species of
birds, fish, tree crabs, sea horses and starfish.
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Enquire now for a full information pack and pricelist for Margarita real estate
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The Developer
The Constructor Mar Y Casas Mediterraneas has an enviable position within the sector, being renowned for practical and strategic planning, based on a philosophy personified by the founder Don Gabriel Martínez Verdú who is still very much involved in the day to day running of the company. The company prides itself on honesty with clients and partners.
With 20 years experience the company have always strived to include the latest technology and design in their projects. Past projects include Palatinum Golf and Spa Resort located just outside in the vibrant city of Murcia, ‘Los Collados' situated in Aguilas, Murcia. Due to the success in the Iberian Peninsula, Mar y Casas Mediterraneas have expanded its portfolio to include the Caribbean, namely Isla Margarita.
The company philosophy is based on sound commercial acumen, combined with innovative strategies and products. Aliva-Stump and Lusmetal Construcciones y Proyectos have been formal partners of Aliplus, for a number of years, working on a number of key construction projects throughout Spain. As a result of this collaboration, they developed large-scale projects such as the expansion of the International Terminal of Maiqueta Airport, La Ceiba (WHERE) Shopping Centre in Valencia, the structure of Plansuarez in La Urbina and many more.
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