Buying Luxury Property in Venezuela as a Rental Investment

Venezuela, located in the northern area of the South American continent, is bordered by Colombia to the west, Brazil to the south, Guyana to the east and The Caribbean Sea which is to the north.

The capital city of Venezuela is the world famous Caracas, and as a country it is known for having a tropical climate, its sought after Caribbean coastline, and the large oil reserves that help drive the Venezuelan economy.

If looking to invest in real estate in Venezuela, or purchase property for personal use, there are many options on where to invest in residential or luxury real estate in Venezuela.

Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.

As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.

The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.

A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.

Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Venezuela, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.

When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.