The Venezuelan island of Margarita has become a major tourist destination and a source of foreign investment in the real estate sector amid a small and crisis-hit economy like Venezuela’s. Photo: Social media.
Guacamaya, September 30, 2025. The island of Margarita is experiencing an upturn in its real estate market, with growing participation from foreign investors who see the Venezuelan Caribbean as a unique opportunity. Municipalities such as Maneiro and Antolín del Campo concentrate the highest demand, while efforts are being made to boost areas like Juan Griego and Porlamar.
The president of the Nueva Esparta Real Estate Chamber, Luis Fermín, explained that countries such as Spain, Russia, Italy, Poland, and Argentina already represent up to 10% of transactions in the sector. “The purchase of apartments shows the greatest dynamism, especially in Playa El Agua,” he specified.
Fermín highlighted that the island is now “a very attractive hub,” not only for its natural and touristic conditions but also because Venezuela maintains the lowest prices per square meter in the region, creating opportunities for investors.
The guild leader emphasized the importance of conducting secure transactions with certified brokers and in strict compliance with the current legal framework.
In this boom, Russian tourists hold a special place: after the international sanctions and travel restrictions imposed by the war, Margarita has become one of the few destinations where they can vacation and invest in properties, further strengthening the political ties between Caracas and Moscow.
