margarita isle

[red58fox]

Hi to all

a newbie here. i am thinking of purchasing property in margarita isle as an investment. what do people think about this. it does not appear to be mentioned in forum - is this because people don't rate it much.

looking to buy either 2 bed flat for around 40 -50K or house for around £80 - 90K. Dont need mortgage necessarily.

would probably use it myself but that is not the primary aim.

have considered morocco saidia - but that is now becoming expensive to get anything in decent plot, size etc. possibly considering croatia, montenegro
although dont know too much about them yet. have already got something in bulgaria. dont want egypt, dubai, germany.

any thoughts???

[investor27]

hi, not heard of margarita isle, where is it?, have also just sent you a PM with other countries that may interest you.

[cymrusolutions]

Originally Posted by investor27

hi, not heard of margarita isle, where is it?, have also just sent you a PM with other countries that may interest you.

Margarita is 15 miles north off the coast of Venezulia and is on the same latitude as trinidad! In the Caribean

[investor27]

thanks for advising on loaction, i personally would only invest in countries that are a max of 3 hours flight time from the UK... oh & countries that have low cost airlines flying in also helps..

[cymrusolutions]

Originally Posted by investor27

thanks for advising on loaction, i personally would only invest in countries that are a max of 3 hours flight time from the UK... oh & countries that have low cost airlines flying in also helps..

To be honest it is all about personal choice. i must admit you have ruled out the fact that it is with three hours flight of the USA - which has creates a mass of tourism for these smaller caribean islands. Also i have sourced flights - return from manchester during June for 10 days - cost of £444 including taxes.Through First choice - fly direct from Gatwick and Manchester twice a week!

[red58fox]

flights from Manchester are a big plus for me as this is my nearest airport and i hate having to change at heathrow etc. it is possible i would be looking to stay there for 2-3 months of year in a couple of years time so direct flights are important to me.

i know it is not the cheapest place to get to from uk but as pointed out a lot of people who holiday there are from usa and southern america . For this reason i would be putting it in hands of rental management team who advertise in these sort of areas as well.

property prices there do seem cheap at moment

[Investy]

Originally Posted by red58fox

Hi to all

a newbie here. i am thinking of purchasing property in margarita isle as an investment. what do people think about this. it does not appear to be mentioned in forum - is this because people don't rate it much.

looking to buy either 2 bed flat for around 40 -50K or house for around £80 - 90K. Dont need mortgage necessarily.

would probably use it myself but that is not the primary aim.

have considered morocco saidia - but that is now becoming expensive to get anything in decent plot, size etc. possibly considering croatia, montenegro
although dont know too much about them yet. have already got something in bulgaria. dont want egypt, dubai, germany.

any thoughts???

I think NE Brazil is a better bet but you say this is for investment so I would recommend safe beach front land over a newbuild property. In Brazil as with other places hundreds of developments will be offered all pretty much the same old same old so the second hand market is not viable, hence resale is difficult and not profitable unless you are very certain to find the best possible 'unique' development (they will all say there's is unique - especially Foxtons).

NE Brazil will have one one of the worlds largest airports shortly. The flight time is surprisingly less than you might think.

Margurita for me is an unattractive place, down market place renowned for wind.

Belize is another option - an ex Brit colony and proper paradise unlike Margurita.


Investing is all about the rental season and competition. Did u consider the £70000 hotel units in the second Plan Azure Moroccan resort(Port Lixus - La Plage)? I bet they will give you year round rent given the massive facilities in the resort.

Motenegro appeals to me in view of its natural beauty but is becomming a place for much fraud. Dont think the season will be very long though.

Colabria in S Italy is getting a lot of attention.
Cape Verde is a lot closer than Margurita and I think a good long term bet and still cheap in places but watch for ****e build quality on some developments.

So much choice, it isnt easy.

Ive done Morocco, Germany, NE Brazil (not completed on this yet though) and currently looking at an amazing offer in the Philippines but you have to be a high net worth or sophisticated investor to be allowed entry.

I have a good contact for some of the above INDEED HAS HAS A NEW DEVELOPMENT IN MOROCCO WHERE BEACHFRONT PROPERTY IS ABOUT £60000.

Let me have your contact details if interested.

[red58fox]

Investy
thanks for the imput.
i had considered ne brazil but later rejected it. I think you are right land is better than property.

like the sound of montenegro, croatia and calabria but think the rental season in all of them will be too short.

cape verde - not sure about the amount of building going on and quality as you say of some of the properties doesnt seem to be up to much.

(apart from morocco) margarita is the one i like the sound of best. have you visited the island.

I dont really like hotel units personally which is what has put me of buying them at lixus etc. morocco is still a thought - have sent you a pm re this

[deedee1]

Hi all,

Anyone looking at margarita island at all in the cribbean off the coast of Venezula???

Could be a great investment- cheapest caribbean island left? Although it belongs to Venezula!

* NEW Formula race track being built on the island. (costing millions£s)

* Miilions being invested on infrastructure!

* New aqua parks and theme parks being built!

* New golf course emerging!

* Increase in flights and tourism!

* Capital growth on property of 20-30% yoy for the last 2-3 years!

* Property starting prices from £40k +...!!

Just wondered as was thinking of buying myself!!

See ya D

[Margarita Dawn]

Hi red
we are originally from the North East of England Newcastle and Middlesbrough area we moved hear to Margarita island March 06 with our 6 year old daughter, we now own a English bar on the beach in Player el Agua due to open in July 07 called the Rovers Return and we have also just recently bought a house in La mira n/r Player el Agua to make into a posada (B&B )we have a multitude of info and advice for anyone thinking ov investing or moving to the island, Margarita was recently on a BBC program for the best places to invest in 2007 any help we can give you just let us know from residency to cost of living.
Amanda & Gary

Originally Posted by red58fox

Hi to all

a newbie here. i am thinking of purchasing property in margarita isle as an investment. what do people think about this. it does not appear to be mentioned in forum - is this because people don't rate it much.

looking to buy either 2 bed flat for around 40 -50K or house for around £80 - 90K. Dont need mortgage necessarily.

would probably use it myself but that is not the primary aim.

have considered morocco saidia - but that is now becoming expensive to get anything in decent plot, size etc. possibly considering croatia, montenegro
although dont know too much about them yet. have already got something in bulgaria. dont want egypt, dubai, germany.

any thoughts???