Properties on Margarita
Now a good time to buy real estate on the island of Margarita.
Currently, real estate prices in the traditionally popular holiday countries like Greece, Spain, Thailand, Brazil is still much higher than on Margarita.
And, moreover, Margarita favorably in this respect from other Caribbean islands.
Caribbean, a rather expensive place to buy real estate, according to the Analytical Agency Global Property Guide, as of March 2008 the average price of the house near the sea area of about 200 square meters was in Bermuda - 1.5 million USD, in the Bahamas - 1.4 million USD.
If you compare the cost of one square meter of housing in the Caribbean, the highly developed areas such as Bermuda and the Bahamas, it is 7000 USD, Barbados - 6700 USD, at the Virgin Islands - 5000 USD. Prices in Puerto Rico, on Mantinike, Antigua and Barbuda range from 3200 to 4500 USD per meter. The cheapest real estate in Jamaica, Aruba, Dominica and the Dominican Republic - 1500-3000 USD per square meter of housing in close proximity to the sea.
With regard to the island of Margarita, the price per meter is now in the range from 1000 to 2000 USD. The weakness and instability in national money and the existence of the black dollar, offers some advantages for foreigners who bring here another currency.
Unfortunately, there is a clear and very noticeable upward trend in property values. This is because of the increasing demand for real estate in the Caribbean, but also because of rising prices for construction materials and labor costs.
At the same time, the trend to invest in the purchase of real property on Margarita is very attractive, with each year, your home becomes much more expensive. This is one of the few remaining places where real estate in the Caribbean is growing steadily in price.
Thus, Margaret is still missing pearl Caribbean. But this is not a long time. The Venezuelan economy is second only to speed development of China.
Construction standards.
You should know that the Venezuelans have to say a few more idea of what is quality construction, as compared to foreigners. This is reflected in the choice of building materials, and construction technologies that they use. Of course, there are home made by the highest standards and fully meet the European and American perceptions of high level, but the quality of mass-building all the same lower than what we are accustomed to.
Criteria to be considered when purchasing real estate.
Location
Quality construction
Safety
Potential for growth in value
Proximity to the sea, beaches
The proximity of the infrastructure
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