Isla Margarita is emerging as the next property hotspot and a great investment opportunity for the shrewd overseas property investor.
In the current economic climate Isla Margarita is staying one step ahead of the game and keeps its economy going from strength to strength with its oil reserves that the mainland country has in abundance. It’s economic strength continually increasing as oil prices rise.
With a lack of top quality accommodation the Caracola Beach and Spa Resort is set to lead the way for margarita properties and set the benchmark for others to follow.
By investing in Caracola at these early stages you can benefit from the continued increase in tourism that visits the island each year which is fuelling the real estate market. Currently real estate prices on the island of Margarita are lower than other Caribbean destinations, so acting now provides the potential to good capital growth which is also backed up by a guaranteed minimum rental return of 7% making this development an excellent hands’ off investment opportunity.
The developments current property for sale in Margarita comprises of 1244 one and two bedroom apartments with the majority having beachfront views. The resorts facilities will be unrivalled by any other development on the island focussing on relaxation and leisure. Whether you are looking to relax on the beautiful Caracola beach, take a relaxing massage in the spa or have a meal in one of the four restaurants. The resorts facilities have something for everyone.
The resort is due to be a five star development surrounded by natural beauty and scenery of dramatic lush mountain peaks which give way to a palm fringed beach. The island has a perfect mild tropical and sunny climate with very small variation in temperature throughout the year. There is no rainy season like other tropical locations and rainfall is usually brief and mostly occurring during the night time. One further benefit that Isla Margarita has over other Caribbean islands is that it is the only island outside the hurricane belt.
Therefore overseas investment property buyers are now starting to consider Caracola Beach and Spa Resort as a strong option for their investment portfolio.
Useful Resources:
Utah County Real Estate – SuAnne is Utah County’s Number One Selling Real Estate Agent.We’ll Get it sold! Call 801-610-3066.
Dubai property and real estate – 1HitProperty, A blog on Dubai Real Estate, Property and Investment.
