Margarita 'ideal' for property investment
Margarita, the beautiful Venezuelan island, is a brilliant place to buy property.
That is according to Property-Abroad.com, which has said that the location is an "ideal" spot for investment due to several reasons.
Les Calvert, director of the website, said that while the island is one of the cheapest in the Caribbean, it is also one of the most attractive with its "gorgeous beaches" and numerous resorts.
What's more, it has good links with local destinations such as the capital city Caracas.
He commented: "[Margarita] is definitely a growth market, it's fairly strong and a lot of places have guaranteed rental income.
"Margarita is the main place [for investment in Venezuelan property]. It's an ideal location as it's in the Caribbean, and it's probably one of the cheapest places in the Caribbean to buy property. You can buy brand new property in Margarita from £30,000 upwards and some with guaranteed high yield rental income built into the price as well."
Mr Calvert went on to say that the political reputation that Venezuela has in the West as a result of disagreements between the country's president Hugo Chavez and the USA is "probably overplayed".
Overseas Property News posted on 31/03/2008 09:39:11
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