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| | | Nakanda Mountains |  | | | Reference number:
| 000076 | | Location:
| Venezuela, El Yaque Beach | | Development name:
| Nakanda Mountains | | Type:
| Apartment | | Price:
| EUR 76 329.00 | | Short description:
| Nakanda Mountains Beach Resort is an exclusive development in a quiet location close to the sea, surrounded by a natural landscape and with views to the best sunsets on the island. | | Bedrooms:
| 1 | | Bathrooms:
| 1 | | Toilets:
| 1 | | Floor number:
| 1 | | Floor count:
| 2 | | Terrace:
| Terrace | | Kitchen:
| American Style Kitchen | | Pool:
| Community pool | | Garden:
| Community Garden | | Security:
| Closed community | | Installations:
| Air conditioning | | Beach/water first line:
| Yes |
| General description Nakanda Mountains Beach Resort is an exclusive development in a quiet location close to the sea, surrounded by a natural landscape and with views to the best sunsets on the island. All apartments are completely furnished and the resort offers many services and facilities to make it a perfect choice for those who wish to enjoy their stay on Isla Margarita, whether it be as a short vacation or as a first or second place of residence. Nakanda Mountains Beach Resort is an ideal project for investors, looking for an extra annual income through renting out their property whilst taking advantage of the capital growth potential( currently a 32% average annual growth over the last 2 years. Source: Chamber of Commerce of the State of Nueva Esparta). A 7% rental return is offered on request for 3 years, paid in arrears and with the possibility of the client using the property for 30 days per annum. After the rental guarantee period, Inmogestion Margarita C.A. is able to provide a rentalmanagement service, jointly managed by the company and several local tour operators. |
Venezuela
Located north of Venezuela in the warm waters of the Caribbean. The island has an area of 1071 km2 with 315 km of coastline and beautiful beaches. Margarita Island and the smaller islands of Coche and Cubagua are all outside the hurricane belt and together form the Nueva Esparta state of Venezuela. Annual average temperatures range from 25c to 30c. The climate varies throughout the islandas the terrain changes from valleys to hills and mountains covered by vegetation. The vegetation varies from dry to humid forests respectively from the base of the mountains to the apices, where clouds release moisture accumulated from the Caribbean sea. The climate is cooled by a constant breeze throughout the year, which as a consequence provides for excellent sailing and surfing. Isla Margarita is a duty free island, which has all the facilities of modern living you may require. There are huge shopping malls with brand names familiar to most of us, and deserted beaches or forests to contrast. You can now get direct flights from the UK to the island airport, or go via Caracas in Venezuela with a short hop. The local language is Spanish, but many locals now speak a little English in the popular areas. There are many activities to enjoy including scuba diving, snorkeling, 4 wheel safari, swimming with dolphins. The cost of living is extreemly low, and local goods and services are cheap. Food and drinks can be enjoyed at a fraction of the cost of other Caribbean destinations. This is an emerging economy, but the infrastructure and facilities are already in place. MARGARITA ISLAND FACTS SUMMARY new skys ECONOMICS One of fastest growing economy in the world & biggest oil producer in the world Average 10% of GDP growth per annum since 2002/2003: Stock market increase 140% in 2006 Excess demand for housing due to: Petrol $ + undersupply 1 million properties+ population growth +migration Increase property prices also due to:Increase in money supply from record oil revenues EMERGING MARKET Flights from Heathrow Manchester, Birmingham: 4 times per week (Condor)Gatwick and Manchester: weekly and fortnightly (First Choice) Booming Tourist MarketTourists:2005 1.5 mill, 2006 2.3 mill, 2007 2.6 millForeign tourists mainly: German, Canadian, British and DutchHotel occupancy Average 65% but best hotels sold out Cost of Living Very LowWeather Year round summer + no rainy season Activities & Excursions Surfing, Sailing, Casinos, Golf, Scuba Diving Beautiful beaches Outside hurricane belt Booming Rental market: 20% rental returns average p.a.Guarantees by bank of 8% for up to 10 years with personal use Affordable property Compared to competitors and other Caribbean countries Capital appreciationAverage 32%2006-2007 up o 100% in 11 months for off plan in up and coming areas Increase & improvement in Infrastructure GUARANTEES AND FINANCE Security of Purchase:Private property is protected by the ConstitutionForeign Investors have same rights as citizensEscrow account in MargaritaInsurance guaranteeing development costs10 year build warrantyEuropean/International CompanyUK Lawyers due diligence + UK escrow accounts Financial perksOffshore companies allowed to purchaseCosts equate to approximately 2.5% of purchase priceDuty free with virtually no property taxesEquity ReleasePossible 20% referred payment?Future mortgages? BEST VALUE FOR MONEY ON PROPERTY MARKETCheck competitors and other Caribbean! TAKE HOME MESSAGE 1. Booming Economy with long term potentialCapital Appreciation 32% +2. Booming Tourist IndustryRental Guarantees by bank of 8% for up to 15 years3. Direct Flights4. Outside hurricane Belt5. Virtually No taxes6. Secure Purchases PRICES FROM €50,000 with personal use | Bolivar, Venezuela | Waterfalls, Venezuela | Angel Fall, Venezuela | Caracas, Venezuela | | | | | | Tepuy, Venezuela | Venezuela Beach | Venezuela Sea & Palm | Venezuela Bay | | | | |
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