OPM Offshore Legal Services

08/03/2023

Tourism is growing, but the flow is still far from the golden age of the island. If you want an immediate return on your investment, you should invest in Porlamar, the most populated city. The best areas are Costa Azul with its beaches, bars, and restaurants, and shopping centers, and Playa del Ángel, which stands out as a zone of bars and restaurants, supermarkets, and shopping centers. The nearby beaches of El Yaque, Playa El Agua, Parguito, Playa Caribe, Playa Zaragoza, Punta Arena, Guacuco, Manzanillo, Puerto Cruz, and Playa Paraíso, despite being the top 10 beaches on the island, should not be considered for short-term investment. The beaches of Pampatar and Caracola in Porlamar may be interesting for the medium term. But, if you want to be a pioneer investor, with very little money, you can invest in the mentioned beaches or towns like Asunción, Juan Griego, or Punta de Mangle. Coche Island has a good tourist flow, but prices are not attractive. Coche Island is an arid and tourist island south of Margarita Island. These two islands, along with Cubagua Island, make up the archipelago and Nueva Esparta State in Venezuela. If you want more information, the legal firm Caporaso & Partners in Panama has been present on Margarita Island since 2019. Attorney Giovanni Caporaso Gottlieb can help you, with a brief consultation, to understand why the real estate market in Margarita Island is interesting for small investments.

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