El Auga Garden Suites is a luxurious fully furnished modern structure on the Caribbean island of Margarita. Ideally located 150m from the Carribean Sea and from the main promenade where you can find all the restaurants and bars, making it the ideal option for the holiday maker.

Venezuela

(capital local time:
20:22:47
)

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* General information about Venezuela
* Economic data about Venezuela
* Tourist information about Venezuela
* Property buying process in Venezuela

General information about Venezuela
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Venezuela comprises a continental mainland and numerous islands located off the Venezuelan coastline in the Caribbean Sea. Venezuela possesses borders with Guyana to the east, Brazil to the south, and Colombia to the west. Trinidad and Tobago, Grenada, St. Lucia, Barbados, Curacao, Bonaire, Aruba, Saint
Vincent and the Grenadines and the Leeward Antilles lie just north, off the Venezuelan coast. Its size is 916,445 km2 with an estimated population of
28,200,000. Its capital is Caracas. Falling within the tropics, Venezuela sits close to the equator, in the Northern Hemisphere.

Economic data about Venezuela
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Venezuela is one of fastest growing economy in the world & top oil producer in the world
It enjoys average 10% of GDP growth per annum since 2002/2003
Stock market increase 140% in 2006
Excess demand for housing due to:
+ petrol dollars
+ undersupply 1 million properties
+ population growth
+ migration

Property prices increase also due to increase in money supply from record oil revenues

Tourist information about Venezuela
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Booming Tourist Market
2005 - 1.5 million,
2006 2.3 million,
2007 2.6 million

Flights from Heathrow, Manchester, Birmingham, Gatwick and Manchester.

Foreign tourists mainly: German, Canadian, British and Dutch
Hotel occupancy: Average 65% with the best hotels sold out
Cost of Living: Very Low
Weather: 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
Capital appreciation: Average 32% 2006-2007 up 100% in 11 months for off plan in up and coming areas
Increase & improvement in Infrastructure

Property buying process in Venezuela
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Any foreigner can buy a property in Venezuela with just a valid passport, a tourist visa and a Registro de Informacion Fiscal (RIF). The RIF is a fiscal identification for all persons, and can be obtained for free by request at any Tax Administration office or the Servicio Nacional Integrado de Aministracion or through a lawyer. Foreigners may also buy indirectly, through local companies or through foreign companies.

Bolivar, Venezuela Waterfalls, Venezuela Angel Fall, Venezuela Caracas, Venezuela

Bolivar, Venezuela

Waterfalls, Venezuela

Angel Fall, Venezuela

Caracas, Venezuela

Tepuy, Venezuela Venezuela Beach Venezuela Sea & Palm Venezuela Bay

Tepuy, Venezuela

Venezuela Beach

Venezuela Sea & Palm

Venezuela Bay