Margarita (Caribbean) tourism up by 15%
When it comes to investment opportunities in the Caribbean, Margarita is something of an undiscovered jewel. Its huge potential arguably owes more to geography than simple economics. It is the largest of three islands in the state of Nueva Esparta, its smaller neighbours being Coche and Cubagua.
Margarita sits off the north east coast of Venezuela in the Caribbean Sea. With over 160 Km of coastline there are a plethora of unspoilt beaches for tourists to enjoy all year round. This is great news for investors looking to profit from high-end holiday rental.
The large Santiago Marino airport makes this particular piece of paradise extremely accessible; with regular flights from Europe, North America and beyond. Furthermore, ferries to the mainland and flights to-and-from Venezuela add to the convenience. This does not only assist with the practicalities of owning a property in Margarita but also allows continued expansion of the tourist industry.
The tourist industry is indeed expanding and this is reflected in the latest statistics. Tourism to the island increased by approximately 14% in 2007 and current figures suggest a further increase in excess of 15% for 2008. Overall, traveller entry between January and April has increased steadily by nearly 300,000 since 2004. All this strongly points towards the prospect of dependable tourist income for those investing in property on Margarita.
In short, with blue seas, sandy beaches and money to be made; Margarita is surely the very place every property investor is dreaming about.
The 3 P’s: Profitable Panama Properties
Your average person would probably struggle to point to Panama on a map; however, with affordable airfares and increasing demand for attractive new holiday locations, more and more people are visiting this small country.
The Lighthouses of Panama
Costa Rica can be found to the north and Columbia to the south of Panama. The country also boasts coastlines on both the Pacific Ocean and the Caribbean Sea. The Panama Canal is perhaps what the country is most famous for, which provides a unique link between the Atlantic and the Pacific Oceans.
Principal International were among the first to recognise the huge investment potential of Panama and are able to offer luxury apartments in a development aptly known as the ‘Lighthouses’ of Panama. The development includes a plethora of desirable facilities, ranging from a casino and shopping centre to an international restaurant and leisure facilities. The ‘Lighthouses’ of Panama will even incorporate a heliport. All of this is perfect for the high-end rental market, which translates into an extremely impressive income for investors.
Apartments are available in this development with anything from one to five bedrooms and many offer sea views, as the development overlooks both the bay, the Pacific Ocean and the Panama Canal itself. All of this makes each and every one of these apartments a highly desirable residence. What is more, all of this is available with a 65 – 75% mortgage option, giving investors the opportunity to expand their portfolio for a relatively small initial outlay.
You can see more details on the Lighthouses of Panama from the link.
