Venezuela Property

Today property prices in Venezuela are amazingly low, and excellent holiday rental potential is the norm. due to year-round summer weather and a current shortage of accommodation to cater for the island’s booming tourist industry - in 2006 approximately 2 million tourist arrivals were recorded, an increase of 25% over the previous year.

Short and long term property price appreciation is easily achieved; the government has introduced incentives to further develop the tourist industry and increasing numbers of foreign investors are moving in (eg. McDonalds, Cartier, Hilton hotel and casino, Tiffany, Benetton, BMW). Tax incentives include duty free shopping, no wealth tax or local income tax, and only 0.5% property tax. 9 ½ hour direct flights arrive from Manchester and Gatwick and an excellent transport infrastructure is in place when compared with many other Caribbean islands.

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