Post from June, 2008

Margarita Island: Bargain Property in the Caribbean

Monday, 30. June 2008 10:13

Margarita is an incredible short-term investment for property investors; property prices have risen by an average of 32 percent annually during the last two years. It is also one of the few Caribbean islands not on the hurricane belt so investors can be safe in the knowledge that their property will remain safe in their absence.

Yet it is not just the high capital appreciation that is attracting investors. The island’s dramatic mountainous terrain rises up to over 1000 metres above sea level, lined with lush vegetation, flora and fauna and framed by 72 golden white sandy beaches. With 8 or more hours of sunshine a day and temperatures ranging from 23-32C it is the perfect place to holiday in and to make substantial rental income from; Margarita property easily achieves rental yields of 8-12 percent.

Getting there is easy too. Direct flights operate from Gatwick and Manchester, and an additional 18 indirect flights from other UK airports, mostly going via Caracas in Venezuela.

David Stanley Redfern currently has four properties in Margarita, and as all their properties are Condominiums they will be exempt from any laws imposed by the Venezuelan government on Venezuelan and Margarita property.

The Apartment Margarita Plaza is available for just £55,000 and is located in Porlamar – the largest commercial centre on the island filled with restaurants, bars and cafes all within easy walking distance of the beach. The 2 double bedroom, 2 bathroom apartment with fully fitted kitchen, breakfast bar and separate dining room is just 30 seconds walk from the beach, but owners don’t have to walk that far if they want to use the swimming pool or Jacuzzi.

Then there’s the Caracola Beach and Spa Resort overlooking the stunning Caracola beach. Each apartment will have a fully fitted kitchen (including white goods), climate control air systems and furniture. All bathrooms will be fitted with Roca or equivalent sanitary ware, and the development has plenty of semi-covered parking. The building is an eco-sensitive design with a thermally efficient environment and has a 10 year guarantee. Apartments range in size from 58.3m2 to 125.8m2 and prices start from £63,000.

Buying those or any of DSR’s Margarita properties is straight forward and cheap as Margarita has been a tax, VAT and duty free zone since the sixties. The purchaser of property doesn’t pay any tax on the purchase, only a normal 0.5 percent sales tax, one percent for land registry and $100 for the notary. There is no need for residency to live on the island and the annual property tax is around $100.

Where else could you get a beach-front Caribbean property for these prices?

Find out more about Margarita property and buying property in Margarita.


About DSR Asset Management

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.

© 2009 Footprints-SEO.com

Category:Overseas Property, buy property in margarita, buying property in margarita, margarita property, property for sale, property in margarita, property investment, property margarita, real estate margarita | Comment (0) | Author: admin

Calabria Property: Another Mediterranean Success Story

Sunday, 29. June 2008 11:36

The region of Calabria in southern Italy is tipped to become one of the most popular destinations in Europe, and the next Mediterranean property investment success story. This is because property prices are comparatively cheaper than other similar areas in Europe, similar in the glorious beaches, scenery and climate that is. Another plus for Calabria is the fact that the area will not be overdeveloped due to strict government planning controls – this will ensure that demand remains high for rental accommodation and resale properties.

David Stanley Redfern announced this week their entry into the Calabrian market, stating that three new Calabrian developments would be added to their website in the coming days.

Jason Killingback, operations manager for the overseas property investment specialists gave journalists a verbal sneak peek at the new developments:
“All three of our new developments are only a few minutes’ walk from one of Calabria’s gorgeous beaches, and most units will have spectacular views out over the Ionian sea. Of the three developments we are taking on, the lowest priced units start at £71,000 for a 2 bedroom apartment in an off-plan development just 5 minutes walk from the beach, and with the aforementioned views of the sparkling Ionian Sea.
“That is a prime example of why Calabria is going to be so huge in the coming months and years; prices like that for a 2 bedroom apartment on the southern Italian coast offer superb value for money. A property like that for such a low price will give its owners at least an 8% yield, even after taking out their own usage of the property.”

Jason went on to give very brief details of the other two new developments: stating that both are apartment complexes, both are close to the beach, and both have unit prices of below £80,000 for 2 bedroom apartments. When an area like Calabria begins to attract increasing international attention, with strict building controls ensuring constantly high levels of demand, it is all but a foregone conclusion that property prices will see sustained and rapid growth of at least 10-15 percent per year.

Find out more about Italy property and buying property in Italy.

About DSR Asset Management

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com


Category:Italy property, Overseas Investment, Overseas Property, Property, buy property, off-plan property, property Italy, property abroad, property for sale, property overseas, real estate | Comment (0) | Author: admin