..:: MOST PROPERTIES - Kemen Residencial, Apartment, El Yaque Beach, Venezuela ::..

Kemen Residencial

Reference number:	000077
Location:	Venezuela, El Yaque Beach
Development name:	Kemen Residencial
Type:	Apartment
Floor size:	65.4 sq.m.
Price:	EUR 77 696.00
Short description:	This stunning two bed apartment is situated in the modern grounds of Residencias Kemen, you will find the aparment completely furnished and surrounded by entertainment so you are sure to enjoy your stay wether it be short or long term.
Bedrooms:	2
Bathrooms:	2
Floor count:	9
Terrace:	Terrace
Kitchen:	American Style Kitchen
Pool:	Community pool
Garden:	Community Garden
Parking:	Parking place
Security:	Closed community
Extras:	Furnished
Installations:	Air conditioning
Beach/water first line:	Yes

General description

Residencias Kemen is a modern building, completely furnished and surrounded with all the services and entertainment, making same an deal option for those who wish to absolutely enjoy their stay in the Island of Margarita, during their vacation period or as their first or second place of residence, given the centric location of same and the services that surround the area, also it is an ideal product for investors, that search for an extra yearly income by renting same, and they want to take advantage of the annual increase in the price of housing (32% average annual growth during the previous two years, according to the Chamber of Commerce of the State of Nueva Esparta).

The first private complex in the delightful Margarita Island in Venezuela, a place known as the pearl of The Caribbean, with excellent bars that have a great atmosphere, where you will enjoy delicious cocktails and national and international drinks, with typical appetizers of the Caribbean tropic. In addition, it has shopping centers (malls) of great importance, with shops that sell well known brands, and its condition of free port offers the lowest prices in the Caribbean. The best restaurants of Mediterranean and Caribbean cuisine, Great Casinos and the most beautiful beaches of fine sands and great palm trees, that are used as shelter to innumerable restaurants that serve their meals by the seashore. In Margarita Island you may also find the most original and exotic souvenirs for your loved ones, and the corner of reminiscences from our home.

Everything we offer is exclusively for gay couples where they will find a refuge for their moments of relax in company of their beloved ones, that without doubt, they will enjoy every minute of their stay, in this island of opportunities and of delightful landscapes.

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Venezuela

General information
Economic data
Tourist information
Legal information

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