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Insight Spain offer the latest Caribbean property for sale including property in Margarita with an extensive range of apartment suites, beach side villas and other quality Margarita properties in the most popular areas of this beautiful Caribbean island.
Margarita Island is located off the north east Caribbean coast of Venezuela and is one of three islands comprising the state of Nueva Esparta discovered by Christopher Columbus. The islands cover 1,150 square kilometres with Margarita being the largest and most developed. The highest point on the island is 1,000 metres above sea level and offers spectacular views of the surrounding island, coast and Caribbean waters.
The island boasts many modern shopping centres of an international standard, nightclubs, entertainment centres and an abundance of restaurants along with its 72 stunning beaches. It also has a selection of 2 to 5 star hotels to choose from. Activities include scuba diving, wind surfing, snorkelling, horseback riding, fishing, boating, golf and much more.
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Climate
The sun shines almost constantly, and temperatures hover between 75 and 85 degrees Fahrenheit all year. It rarely rains in Margarita; the average annual rainfall is 27 inches a year. The island landscape tends to cactus and pale green yabo plants. Rainfall is more abundant in the green hills.
Beaches
The Island is blessed with 72 beaches with names like Moreno, El Silguero, Pampatar and El Yaque. On beaches like El Agua, Parguito and Guacuco, you will find most services like hotels, restaurants, umbrellas and chairs, beside the opportunity to surf if you like the sport.
Other beaches like Manzanillo, Puerto Cruz, La Restinga and Juan Griego, are partly oceanic and offer a great diversity of water sports and services.
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Buying a Property in Margarita
If you’re thinking of buying a holiday villa, a permanent home in the Caribbean or investment property in Margarita, then please read our frequently asked questions to find out why you should choose to buy Caribbean property on the island paradise of Margarita:
Are there any tax incentives associated with the purchase of a property in Margarita?
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.
Where do the tourists come from?
Visitors come from all over the world, the main countries are Germany, Netherlands, Spain, Switzerland, Canada, United Kingdom, Venezuela and Russia.
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.
Is it easy to get around Margarita Island?
Getting around the island is very easy. There are several car rental companies, taxis are also available at low cost.
Do the developments have the support of the Government and local planners?
The developments have full support of all government offices on the island. The development company have also secured full legal title to the land.
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 residents visa is issued for the first five years, renewed annually. After five years the status changes to permanent residency.
Are there modern facilities on the Island?
Margarita Island has all the facilities you would expect from a vibrant holiday island. It has large modern shopping centres, with well known stores such as Bulgari, Versace and Tommy Hilfiger (all of which enjoy duty free status). There are a great number of restaurants and bars, many specialising in seafood and a large variety of international food is also available, including Japanese, Chinese and Argentinean cuisine. The island offers an excellent choice of hotels including five stars hotels with casinos. Cinemas, cultural centres, museums, amusement and theme parks can also be found. The island also has an international airport, several marinas and is a favourite stop off point for cruise ships.
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