Buying Property in Venezuela | Venezuela Property Buying Guide

Featured Property

Caracola Beach Resort - Fractional Ownership

Fractions of 25% for only €27,800 are available at the luxury Caracola Beach & Spa Resort on Isla Margarita, the pearl of the Caribbean. An investment in Caracola comes with a 10 year RENEWABL... Prices From: £23,951

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Guide to Buying Property in Venezuela

The Property Market in Venezuela

We are in the process of updating our Guide to Buying Property in Venezuela. Please check back soon.

Mortgages Options

When considering the options for a mortgage on your overseas property there are a couple of choices to consider;

• Do you consider raising finance on your existing property in the UK to cover the whole cost of your purchase abroad? A good idea if the interest rate in the country in question is a lot higher than it is here in the UK as you will pay a lot less in monthly repayments.
• Do you secure a mortgage against the property from a local bank in the country of purchase? This can be a wise option especially if the interest rate is lower than our current UK interest rate. Most overseas mortgage / bank lenders will require upto 30% deposit on mortgages. However, you will need to give some thought to how you will service your mortgage payments each month especially if you are not living or earning in that country as you may well lose out on exchanging money each time to cover monthly expenses. Check out our Foreign Currency page to see how you can save money in this example
• Some Builders and developers may well offer their own mortgage facilities on their properties for sale. This can be beneficial to both parties depending on the logistics of the mortgage or loan facility. Always check and compare with the two options above before making your final descision.

For more details on Mortgages in Venezuela visit our Mortgage page in Venezuela section.

Margarita Properties