EscapeTheStates.com

Had Enough of the treadmill? We are the only relocation and real estate service you will ever need!!!
Home
FAQ
Life Here
Homes For Sale
retirement
Apartments, Condos, and T
The Economy
Photo Album
Strange Sightings
Medical Tourism
FEATURE PROPERTY
Getting Here
Land For Sale
Why Now is the Best Time
Our Story
About Us
Contact Us
Site Map
New Happenings
Economic Forcast. April/25/09.
  At this moment Margarita is experiencing the largest boom in real estate sales ever. Now this is due to a few different factors. One being Caracas has a very high violent crime rate and other parts of the mainland as well, and the police can't keep up. But here is an island and the police have no problem keeping crime to a minimum. Now factor in Venezuela is a huge market for business, meaning lots of business takes place here and is based here. Some of the people on the mainland will move out of the country all together. But the other the ones that have to be here for their work or business are moving to the only safe spot in Venezuela, Margarita island. A huge wave of Venezuelans are buying up the real estate here and moving in.
  Then on the other end what we are witnessing in the United States is the people are being robbed by the government and the banks. To make matters worse the banks have so many foreclosed homes that they are holding back on even listing them, this is called the shadow inventory. Now there are 600,000 of them, with the release of these onto the market home prices will drop 20% to 30% more percent.  All signs point to a total economic collapse of the United States.
 More of the same in much of Europe too.
 These people now are starting to get desperate to get out before their home and money are worth nothing. So what I'm saying is people from the U.S. and Europe and Canada are coming as well.
 So where do we find ourselves, with a flood coming from the mainland and a good bit coming from other places around the globe; while the other countries are going to suffer, Margarita island should not. It will simply be propelled right through this economic crisis by people moving here. The more they come the more the price goes up, so while everything around the globe will be going down in value Margarita will be going up more then ever.
  Yes there might be some other spots that will experience similar growth statistics as Margarita but I do not know them and there are not many. But I do believe that Margarita is the best spot to be in the world. 
 
 
 Nov/23/08
  Business is simply booming here on Margarita, everywhere you look there are new small and large businesses going up. 80% of the businesses here are owned by foreigners. I have been a business owner for 12 years now and I can honestly tell you this is the best place I have seen in the world to invest in a business.
  They recently did a study in London that concluded that Venezuela is the cheapest country in the world to live, and Margarita Island is even cheaper- and there are no taxes on Margarita Island. Venezuela has had one of the highest gdp growth since the 2003 oil strike, most of those years the gdp has been over 10%, and that is unprecidented. The market is booming here and unless you do your research you will have to visit to see just how much contruction and growth is going on here. You walk through the malls and you will simply be astounded about how many people are there and making lots of purchases. While the U.S. economy is crashing the Venezuelan economy is booming with growth. GM has a plant here and it simply cannot make enough cars fast enough, there is 5 month waiting list, and that is just GM... the others are dealing with the same problems. This is one of the only places in the world that real estate is going up fast. The Caribbean is the largest tourist destination in the world. I will put on here a few links to some economy facts.
  There are so many U.S. companies opening shop here and a a lot that have been here for a long time now, like Subway, Mc Donalds, Burger King, Domino Pizza, and many more.