Frequently Asked Questions
Margarita Island
Where is Margarita Island?
Isla Margarita is located in the Caribbean Sea just off the northeast
coast of Venezuela.
It is the most developed of three islands which form the state Nueva
Esparta.
How do I get there?
The easiest way is by air using any major international airline to
reach Caracas, then taking one of many daily 35 minute shuttle flights
to the island itself.
What are the entry requirement?
In order to enter Venezuela, it is necessary to have a valid
passport.
Do I need to get vaccinated?
There are no special vaccinations required to visit the island.
What is the currency?
The Bolivar is the legal monetary unit in Venezuela.
Nevertheless, U.S. Dollars are widely accepted in the
commercial establishments, as well as travelers checks and credit cards.
Almost any currency is negotiable in
banks or exchange houses.
What is the time zone?
The time zone is -4 1/2 hours GMT or 1/2 hour ahead of the Eastern
Time Zone.
Is there a lot of crime?
No. Margarita has a very low crime rate.
What is the weather like?
The day time temperature averages 30 C (86 F) and the nights are
never below 20 C (68 F). Even in the summer months when the
temperature raises slightly, the cooling breezes keep the climate very
comfortable.
Are there
hurricanes there?
No. Margarita Island sits south of the hurricane zone.
What kind of name recognition is there on the island?
Cartier, Tiffany's, Benetton, Calvin Klein, Tommy Hilfiger, GNC,
McDonald's, Hard Rock Cafè, Pizza Hut,
and BMW are just a few companies that have invested in the island.
* * *
Caracola Beach and Spa Resort
What kind of properties are available?
There are one and two bedroom condominiums
available.
How many phases of construction are there?
There will be three phases of construction with the first phase to
begin construction June of 2008
When is the construction complete?
Construction is scheduled to be complete by mid 2010.
Is there a construction guarantee?
Yes. All the units have a construction guarantee for ten years
provided by the developer.
Are all the units furnished?
Yes. All the units are fully furnished and this is included in
the purchase price.
Are appliances included?
Yes. All the appliances and air conditioning is included in
the purchase price.
Is there satellite TV and internet access?
Yes. Wireless broadband and satellite TV is included in the
purchase price.