Isla Margarita property investment gives 'high returns'
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Isla Margarita property investments are offering high annual returns, a report suggests.
Homes Worldwide says the Venezuelan island's tourism and real estate sectors are expanding rapidly.
In addition, the website points to a thriving overall economy in Venezuela as a factor in the increasing returns it says are being provided by Isla Margarita property investment.
In another sign of potential economic growth in the region, Visa said online retail spending by consumers in Latin America and the Caribbean soared by 40 per cent last year, the finance website Finextra reports.
It says Visa's figures show online retail spending in Latin America and the Caribbean in 2007 totalled $10.9 billion (£5.5 billion).
Any Brits considering investing in Margarita Island property at Caracola resort or elsewhere in the region may be interested to note further evidence suggesting economic advances in the nation, with Venezuela apparently seeing "the biggest surge" of growth in e-commerce, showing an increase of 224 per cent over the past two years.
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