Margarita Property

Isla Margarita, Real-Estate, the place to invest!

Isla Margarita is an off-shore haven for real estate investment 

With 320 days of sunshine, duty-free shopping the Isle is likely to become a major tourist destination. Being an emerging market and bearing in mind the current low prices, Isla Margarita has been a tax, VAT and duty free zone since the Sixties.

The purchaser of a property doesn’t pay any tax on the purchase, only a nominal 0.5 per cent sales tax, one per cent in solicitor’s fees, 0.75 - 1 per cent for land registry and $100 for the notary; they have no corporate income tax, no personal income tax, no estate or inheritance tax and no annual real estate tax. This carries enormous appeal for foreign investors. Official Government figures state that the Island has enjoyed 20% capital appreciation per annum over the past five years, with no sign of stopping.

Isla Margarita is certainly one to watch,"  "especially with the news that a $350 million Formula One circuit with race academy will be built shortly. The opportunities for renting property are good, particularly in the 20-week peak season covering Christmas, Easter, Carnival time and summer, as well as from October to March, when Europeans and Canadians look to escape cold winters. The rental potential is six to ten per cent per annum with a great standard of living and fantastic beaches; this island paradise has a lot to offer, when the formula one track goes ahead watch the property prices rocket

www.signatureoverseasproperties.com

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Tags: apartments, beach front, condo's, investments, Margarita, off plan, real estate, sea views, villa