Isla Margarita
Isla Margarita, known as the “Pearl of the Caribbean” is the most developed of three islands which form the state of Nueva Esparta, just off the North East coast of Venezuela. Although situated within the Caribbean, Margarita is not in the hurricane belt. Its’ natural beauty and tropical climate make Isla Margarita an increasingly popular tourist destination.
Isla Margarita measures 55km east to west by 22km North to South. The dramatic mountainous terrain, populated with lush vegetation, flora and forna ascends to over 1000 metres above sea level and is framed by many stunning white sandy beaches.
With over 300km of coastline, you may wish to bask in the sun or perhaps explore many of the more active pursuits and sports on offer. Margarita provides residents and tourists alike with a huge variety of both relaxing and active ways to spend the day. The climate is a consistent 80°F, varying little more than +/- 4°C across the year, with a soothing sea breeze. The warm days & cool evenings make for a very comfortable living environment.
Access to the island is good with more and more direct flights from numerous global locations as well as to Caracas a mere 35 minute flight away.
Despite the closeness to the mainland, just 38 kilometres, Margarita remains practically untouched by its influence. Life goes on in a typically relaxed way, the Latin lifestyle mixed with European & American influences make for a developed, democratic and friendly environment.
When you arrive in Margarita you will be surprised by many things:-
• The warm & friendly welcome from the local people
• The modern airport and great infrastructure
• How pleasant & tastefully the island has slowly developed over the centuries
• The value for money: many items in Margarita are a fraction of what you would expect to pay, making the whole experience very cost effective as well as pleasurable
The east of Margarita is flourishing with good quality property and resort development underway. To the west of the island is the Macanao Peninsula, an undeveloped and protected region with mountains to the interior and ringed by sandy beaches. The combination of its adventure-tourist character and its charming people, make it possible to offer you the best of both worlds from this enchanting sun-kissed Caribbean island.
Investment Oppurtunity
Why invest in Isla Margarita?
• Ground floor investment
• Low property prices
• Property ownership is freehold
• Good accessibility, particularly from Europe, South America and the US
• Good Infrastructure – International airport & developed road systems
• Low cost of living
• Warm consistent climate, all year round
• Great facilities, activities and attractions
• Naturally beautiful, both mountains & beaches
• Tax efficient – Isla Margarita is a tax and duty free zone
• Visitor numbers reached 2.3 million in 2007 (up from 2m in 2006 and 1.5m in 2005)*
• Consistently strong economic growth:- Average GDP increase of 11.3% per year between 2004-07**
* Statistic supplied by Venezuelan Ministry of Tourism
** Statistic supplied by www.latinbusinesschronicle.com
