Isla Margarita Property

Margarita Island property in Venezuela is generally far less expensive than similar Caribbean luxury property located in other well know parts of that area. As an overseas property investment the property and real estate for sale on Margarita Island has really started to gather pace and new off-plan property developments on Margarita Island are on the increase. New developments like 'Musipan' beach side villas (Margarita's answer to Disneyland) and Playa Cardon only a few hundred metres from the beautiful beach of El Cardon. Piedra Negra offers beach side living on the beach of Playa Guacuco on Margarita islands eastern shore are certainly unbelievable value for money. For those who are looking on Margarita Island for less spacious but none the less attractive properties, then the fully furnished Paraiso Suites Aparthotel only a few hundred meters from the great beaches of Pampatar should not be overlooked. Casas de Corintia in between Pampatar and Porlamar and only 100 meters from the beach and Bahia del Morro II over looking the beach at Porlamar. For those who would like to move in straight away then take a look at the Paraiso Sun Villas these are key ready and are close to Porlamar and have great access to the 'Sambil' shopping complex and the beach.

Margarita Island

Margarita Island (Isla Margarita) is located off the North East Caribbean coast of Venezuela and is indeed a Venezuelan island, with a close and long association with Spain it comes as no surprise that Spanish is the native language and the currency of Margarita as per the rest of Venezuela being the Bolivar. Margarita Island has a rich history dating back to the early 15th century when it was discovered by Christopher Columbus. Margarita Island is one of the three islands, which forms the state of Nueva Esparta with the capital of the state being La Asunción, which is located on Margarita. Margarita Island is by far the largest and most developed of the three islands, Coche and Cubagua being the other two islands which go to make up the state of Nueva Esparta.

Margarita Island (which means 'pearl' this is why its commonly referred to as the pearl of the Caribbean) has a yearly average temperature of around 28c with little humidity (perfect in many respects) with little rainfall and possibly most importantly of all being the most southerly of the Caribbean islands Margarita Island is out of the hurricane belt which is a very important consideration when looking to possibly live and purchase overseas property in the Caribbean.

Porlamar is the largest city and the commercial hub of the island. Here you will find numerous shops, bars, restaurants and banks. The main attraction is the very impressive ‘Sambil’ shopping complex (Mall). Here you can shop to your hearts content in designer shops, such as Tommy Hilfiger, Timberland, Dexter, Dolce & Vita, plus many many more, and all, duty free! You will also find banks and restaurants offering all types of cuisine, as well as bars and a very modern cinema, offering all the latest “blockbusters”.
Margarita Island has numerous beach’s, the most popular is ‘Playa El Agua’ in the northern part of the island. It is about 4km long with fine sand, and has lots of restaurants and bars along its length. In this northern part you can also find Margarita Island’s only 18 hole golf course but another is currently being constructed. Other well-known beaches are Playa Caribe (north of Juangriego), Playa Guacuco, Playa Manzanillo, and the windsurfing beach at El Yaque.