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The development is situated just a few yards from one of the finest beaches in the world. The general design concept of this development is to create an exclusive high quality resort, based on the style of a tropical village.
Phase 1 consists of 28 freehold units, set within an exclusive gated community. Every Spa Villa is private, separated by beautiful plantings, bamboo like fence, bougainvillea, water fountain noise walls and their own outside Jacuzzi on the decking.
From the Mirador you can enjoy the gentle breeze as you share the incredible view of the mirages on the horizon, and the reflections off the sumptuous Caribbean sea.
Your property will be managed by the on site Boutique style Hotel with reception, Concierge service & 24 hour security. Facilities include a Gym. Restaurant, Pools, Amphitheatre for entertainment and the Luxury Spa has a full range of treatments.
You as the owner and your guests can even arrange for the resident Chef to prepare a candle lit meal, which will be served on their private terrace.
Now is your chance to invest in this off plan project at the lowest possible price and benefit from the high capital growth expected in this emerging property market. Owners have 4 weeks use per year, a guaranteed £8,000 p/a rental income, furniture pack, plus all legal fees paid.
Margarita Island
Margarita Island, ‘the Caribbean pearl’, as is called by the locals, is out of the hurricane belt with an average temperature of 30ºc and is located on the north east Caribbean coast of Venezuela. It’s one of three islands comprising the state of Neuva Esparta discovered by Christopher Columbus.
The Island is blessed with some of the most beautiful beaches in the world, 72 in all with names like Moreno, El Silguero, Pampatar and El Yaque.
According to the World Tourism (WTO) Margarita is already on the way to becoming a major tourist destination and because Venezuela is the gateway to South America by 2010 the number of visitors flocking to Venezuela and Margarita Island will be higher than average.
Frequently Asked Questions
Are there any tax incentives associated with the purchase of property? Margarita Island is a tax and duty free zone. There is also no VAT on the island. The purchaser of a property does not pay any taxes on the purchase. There is a minimal annual property tax of US$100.
How popular is Margarita as a holiday destination? Margarita is very popular for its all year round weather, beautiful beaches and very friendly people. Playa el Yaque is one of the world’s most popular places for windsurfing. First Choice Holidays take UK holiday makers to a number of high quality all inclusive hotels. Margarita has also recently become one of the main ports of call on many European Caribbean cruise packages.
How easy is it to get flights to Margarita Island? There are direct flights to Margarita from Canada, Germany, Denmark, United Kingdom, Finland, Netherlands, Russia and Argentina. The majority fly through Caracas, Venezuela, from there it is only a 35 minute flight to Margarita Island. Many airlines are now operating daily flights.
Can I live on Margarita Island and do I need to apply for residence? Anyone can own property on the Island regardless of their nationality. There is no need for residency to live on the island. The process is very easy; a temporary resident's visa is issued for the first five years, renewed annually. After five years the status changes to permanent residency.
