Hotels are 'full' in Isla Margarita
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Tourists travelling to the Venezuelan island of Margarita may find that "hotels are pretty much at full occupancy", indicating that the Caribbean getaway is set to experience a rapid growth in its property market in the near future, according to an expert.
Ryan Chana, senior partner and development manager Seven Continent Investment, said that about 2.3 million visitors travelled to the sandy shores of Isla Margarita last year, and with the figure expected to grow at around 15 per cent each year, property investors can expect increasing demand for housing on the island.
According to the Right Move Abroad, one of the best features of property on the island, which is located to the north-east of Venezuela, is that it has a booming property market as a result of a combination of excess domestic demand, strong economic growth and mass tourism which attracts people looking for holiday rentals.
Tourists and investors can also get there easily from the UK with direct flights from the UK from Manchester, Birmingham, Gatwick and Heathrow.
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