Investment Property in Maracaibo

Investment Real Estate in Maracaibo

Maracaibo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Maracaibo and LATAM .

Get Our Latest List of Investment Property in Maracaibo and LATAM

Searchable Map of Maracaibo Investment Real Estate

Maracaibo (; Spanish pronunciation: [maɾaˈkajβo] (listen); Wayuu: Marakaaya) is a city and municipality in northwestern Venezuela, on the western shore of the strait that connects Lake Maracaibo to the Gulf of Venezuela. It is the second-largest city in Venezuela, after the national capital, Caracas, and the capital of the state of Zulia. The population of the city is approximately 2,658,355 with the metropolitan area estimated at 5,278,448 as of 2010.
Maracaibo is nicknamed “The Land of the Beloved Sun” (Spanish: “La Tierra del Sol Amada”).

Maracaibo is considered the economic center of the western part of Venezuela, owing to the petroleum industry that developed in the shores of Lake Maracaibo. It is sometimes known as “The First City of Venezuela”, for being the first city in Venezuela to adopt various types of public services, including electricity, as well as for being located adjacent to shores of Lake Maracaibo, where the name of Venezuela allegedly originates.

Early indigenous settlements around the area were of Arawak and Carib origin. Maracaibo’s founding date is disputed. There were failed attempts to found the city—in 1529, by Captain Ambrosio Ehinger, and in 1569, by Captain Alonso Pacheco. Founded in 1574 as Nueva Zamora de la Laguna de Maracaibo by Captain Pedro Maldonado, the city became a transshipment point for inland settlements after Gibraltar, at the head of the lake, had been destroyed by pirates in 1669. It was not until the first decades of the 17th century that the first town was settled. Petroleum was discovered in 1917, leading to a large increase in population from migration.

Maracaibo is served by La Chinita International Airport. The General Rafael Urdaneta Bridge connects Maracaibo with the rest of the country. The La Chiquinquirá Church catholic church is within the city.

Get Our Latest List of Investment Property in Maracaibo

The increasing financial and political stability of Maracaibo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Maracaibo

Renting out your Maracaibo buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in Maracaibo are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Maracaibo and be prepared to change your initial outlook.
Thoroughly research the Maracaibo location with a special emphasis on fringe areas outside the main Maracaibo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Maracaibo.
Ensure that your target investment property in Maracaibo appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Maracaibo properties yourself is an easy option, but are these savings justifiable when you run into Maracaibo red tape? Physis Realty Maracaibo office in downtown Maracaibo provides you with peace-of-mind and leaves you time to plan your next move in the growing Maracaibo buy-to-rent sector.

With our expert guidance, investing in Maracaiboprovides the secure knowledge that your money is working harder than it would in a local Maracaibo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Maracaibo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Maracaibo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Maracaibo

Flipping property in Maracaibo

Flipping property is when we advise clients to buy a Maracaibo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Maracaibo market has a time to react to the renovation.

The Flipping Strategy in Maracaibo

Investment property flipping in Maracaibo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Maracaibo real estate investments are sometimes referred to by professionals as ‘distressed’ Maracaibo real estate.

What is distressed Maracaibo property:

Maracaibo property in need of renovation
Maracaibo real estate with a change of purpose and use
Oversold Maracaibo property
Bank repossessions in Maracaibo

Put simply, long term investors in Maracaibo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Maracaibo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Maracaibo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Maracaibo use a minimum profit value of 22% when looking at potential Maracaibo projects. The reason for this is because there are lots that can go wrong in Maracaibo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Maracaibo

For luxury property investors hoping to add a superb property in Maracaibo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

Click Here for the Physis Realty Facebook Page

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Maracaibo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Maracaibo should be entrusted to only the highest-quality agency.

Featured