Edged by the beauty of the Carribean sea and surrounded by tropical plants and mountains, this exclusive residence is now under construction and opens up with its first phase of town houses,and the new phase of apartments in Phase Two just opened which is now selling offplan.

Situated right in paradise with wonderful ocean views, a fine sandy beach, stunning landscape and extensive tropical gardens. The stunning location will take you far away from everyday life. No Pollution, no stress and no traffic jams. Did you realise there was such a place left on earth?

Facilities:
Private Beach
Swimming Pool
Minigolf
Tennis Courts
Biking and Jogging
Beach Volleyball
BBQs and Picnic Areas
Leisure Rooms
Aqua Sports
Gym and Spa
Panoramic Terrace
Restaurant
Water Park
Pool Bar and restaurant
Onsite supermarket
Hotel Facilities
Car and Bike Hire

Interest fee Payment plan available

1st deposit = 30% of the purchase price at signing of contract stage
20% paid over 12 months in 3 equal payments - commences as soon as you have signed contracts in your hand from the developer
50% on completion.

With the help of our currency facilities we can forward book your rate for the next 12 months enabling you to take advantage of todays dollar rate and also so you can budget and know your exact payments with no hidden extras

Maintenance charges

Yearly Maintenance is aprox. US $ 1,250 /£600

Management costs are 20% of the gross income generated by the property for Vacational management including marketing and administration

Furniture packages are expected to start from $11,700= £6500 approx for the townhouse/duplex/2 bed apartment)

Foreigners can directly own real property in Venezuela the same as a citizen can. No Venezuelan corporation or fideicomiso (bank trust) is needed, although you could set up a Venezuelan corporation and buy through it if that helps your personal situation.

All initial purchase Contracts are in English and last deeds are in Spanish. We have a translator to help you with your registration and notary appointments at the time of completion

Escrow - the legal term Escrow is not recognised in Margarita Island and in fact all transactions whether in real estate or not do not operate in the realms of an escrow arrangement. Deposits can be used for construction purposes but operated under strict laws with stiff criminal penalties for any monies spent for any other purpose. It is something that the state of Nueva Esparta(Margarita Island) is very serious about as it intends to keep the island free of rogue developers and agents and build a good reputation for growth and investment.

Local currency is Bolivars but US $ and sterling can be changed in various locations in Banks and Money exchange booths. We advise you to take US$'s or Bolivars with you.

Satelite TV and Cable are available and high speed internet.. New Water pipes to bring water from the mainland are being installed next year so Margarita Island will be able to enjoy piped water and new infrastructure is being put into place. This may put you off a little but think back to Spain 10 years ago and that is where Margarita Island is now but take a look at Spain now, with the help of foreign investors the country has transformed. Along with transformation came the property boom and property prices have exploded. This is what is predicted for Margarita Island and it has already started!

.We advise all of our clients to open a US$ account in Florida to operate funds backwards and forwards to Margarita Island. Our Bank has full banking facilities and offers a visa card for ATM use in the UK and internet banking. We can help you open this account without the need of visiting the bank.

We are now offering developer mortgages on these properties. 50% can now be financed with the following conditions: The term is 10 years, the first 3 years is 9% and the remaining 7 years at 12 %. There is no early redemption fee applied if paid off early. The loans are secured against the property.

Margarita Island, Spanish in its origins but it is Caribbean in essence and the whole island has the feel of a true tropical destination. The newest emerging market in the Caribbean. Situated just near to Trinidad and off the coast of Venezuela, out of the hurricane belt. It is a very green island with a gentle rolling terrain which is lacking in other nearby islands and two very different influences - the east of the island is very populated and has large shopping malls with all the well known designer names,casinos and names like the Hard Rock Cafe,Hilton Hotel etc and the west and North of the island is fishing villages, untouched landscapes and the true tropical feel of the Caribbean.

The area is well known for beautiful sunsets and host of watersports such as windsurfing, jetskiing and boating. The area is shallow for swimming and the beaches are white and sandy. The development is situated on the Northern Coastline between Juan Griego and La Guardia just 15 minutes from the well known resort of Porlamar and Pampatar.

Isla Margarita is blessed with one of the most fantastic climates in the world. The temperature only changes about 4ºC over the whole year. Daytime temperatures at Playa El Agua on the north coast range from a high of 30ºC (86ºF) in September to low of 26ºC (80ºF) in January. Nighttime temperatures are about 3ºC cooler. The temperatures on the south side of the Island (Juan Griego) can be a few degrees warmer as they receive a land wind while the north side gets the sea breeze.

In addition, Margarita Island is outside the hurricane zone with most storms going north . There are also no volcanoes and the risk of earthquake is very low. There is no fog or hail and the rain, when it comes, seldom lasts very long. 320 days a year of 8 hours of sun or more.