Buying Property in Margarita
Property in Isla de Margarita can be purchased by a foreign national easily, quickly and without many of the restrictions seen elsewhere in the Caribbean.
The buying process in Margarita is uncomplicated and can usually be completed within 10 days. All the buyer needs is a Passport, chequebook and assistance from a local lawyer.
The closing cost of buying a property in Margarita is US$450 if you sign a contract whilst on Isla de Margarita, but vary between US$1,600 and US$2,500 if you sign the contract in you home country - the costs varying between countries.
Mortgages are not available in Margarita for foreign nationals, and in any case carry very unattractive interest rates as high as 28%.
Entry Requirements & Residency
A valid passport and a visa or tourist card are required to enter Venezuela. Residency is not difficult, but does take time, please read full details on how to obtain residency in about Isla de Margarita.
We have more than 100 properties available in Isla de Margarita. Please contact us for further properties giving details of your requirements.
Please click on about Isla de Margarita below to find more information on how to buy property in Margarita.