More good news on Caracola Resort

The only Overseas Project mentioned is Caracola Beach and Spa Resort.

There are tens of thousands people out there with under-performing pensions who may consider transferring their pension into a SIPP and purchasing an overseas property.

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Castles in the sand for under £100,000

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Updated images of the Caracola Resort project

Caracola Resort Artist's Rendering

Make mine a Margarita

This beautiful island offers a mouth-watering cocktail of white sand beaches, low living costs, sunshine and 8pc guaranteed returns -- Irish investors should be queuing up to get served, writes Cliodhna O'Donaghue

For the equivalent of €60,000 you can pick up a studio apartment on Margarita Island, off the north coast of Venezuela in South America, which from the outset will pay for itself in terms of rental income, while all the time multiplying in capital value, by as much as 100pc over the next five years, according to local authorities.

The tempting package also comes with 30 days per year for personal use at the property and the entire lot is guaranteed by a European bank at an 8pc yield for 10 years. This should mean that even if current maverick President Hugo Chavez goes off the rails and political turmoil ensues, the investment you have made should remain safe and sound.

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Discovered by Columbus in 1498 with a current population of 420,000, it is bolstered by 2.5m tourists annually, from the mainland, Canada, Holland and Germany, who are attracted by the island's year round sunshine, 50 unspoilt white sand beaches and a low cost of living.

High demand, short supply.

However there remains a vast shortage of comfortable holiday accommodation on the island, which has given rise to a merger of The Right Move Abroad and a Spanish development company Immogestion to promote several developments there which they are confident will be in full-time use throughout the year. And demand will expand even further if the island's tender to host a Formula 1 race is successful.

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www.independent.ie, May 16, 2008

Margarita the Latest Property Investment Phenomenon

NOTTINGHAM, UK, April 29, 2008 - There are so many good things to say about the Caribbean island of Margarita, it is hard to know where to start.

Margarita is one of the few Caribbean islands outside the hurricane belt, and property on Margarita is less expensive than any other Caribbean island. The Dominican Republic has become big in the investment world, as the cheapest place to buy a Caribbean beach house, but that hot-spot is now inhabited firmly by the Isla Margarita.

Margarita is one of the few truly early-bird investment opportunities on the global market, and people who get in now will be able to sell in 4 years for twice what they paid, maybe even do so in just under 4 years. That was Liam Bailey of David Stanley Redfern Ltd's market forecast for Margarita.

The head of international research went on to explain his basis for such a strong prediction:
"A property near a Caribbean beach at these low prices, properly marketed, possibly by a holiday lettings firm, lets you charge less than competing properties elsewhere in the Caribbean, while still getting at least an 8% yield, possibly even as much as 12% or more. Visitor numbers to margarita have been increasing by 300,000 - 500,000 per year since 2004. On the back of the increasing tourism, Margarita's average GDP growth has been 11.4% per year over the same period."

"As Margarita emerges as the next hot holiday destination," he continued, "the developing tourism industry will continue to spread affluence throughout the island, living costs will rise including building materials, wages will rise including builders and labourers, and house prices will be driven up rapidly. Given the low starting point, rapidly means by at least 30% per year, based on similar locations in recent years, making doubling your money in 4 years, actually, quite a conservative estimate."

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www.24-7pressrelease.com, April 29, 2008

Margarita Island's cited for investment

The Margarita Islands, off the coast of Venezuela have been identified for their investment potential and comparatively low prices.

While buyers tend to focus their attention on a handful of established destinations – including France, Spain, eastern Europe and America – the trio of tiny islands could prove attractive.

That is according to the Association of International Property Professionals (AIPP), which argues price is the key draw.

"The scenery and the beaches are very nice and comparable to other places in the Caribbean and the real attraction is the prices, which are a fraction of what you would pay in Barbados or other popular destinations," said Justin Figgins, overseas director at the AIPP.

However, there are drawbacks to investment on the islands.

"The biggest negative is accessibility. Margarita Island is not as accessible as other Caribbean islands," added Mr Figgins.

The Margarita Island's are the largest islands of the Nueva Esparta state in Venezuela, situated in the Caribbean Sea, off the northeastern coast of the country.

The state also contains two other smaller islands: Coche; and Cubagua.

The capital is La Asunción, located in a river valley of the same name. Primary industries on the island include tourism, fishing and construction.

Its population of all three islands is approximately 420,000.

aboutproperty.co.uk, April 17, 2008

Isla Margarita enjoyed 344 days of sunshine in 2007, with over 94% of the days having 6 hours of sun or more. There have been years when the island had no measurable rain for several months.

The daytime temperature averages 30°C (86°F) and the nights are never below 20°C (68°F). Even in the summer months when the temperature rises slightly, the cooling breezes keep the climate very comfortable.

Isla Margarita has no "traditional" rainy season. If the island is going to have some rain it is most likely to be in the middle of the summer or from the middle of November until the beginning of January. The rain falls mostly during the night and commonly the rain doesn’t last more than a couple of hours.

This basically means that the climate of the island is perfect if you are looking for a glorious sunny vacation.

Tourists have travelled to Isla Margarita for the last 30 years and are met by white beaches, fringed coconut palms and a pleasant easterly breeze.