Margarita is a great place to spend the winter months or even to retire. (Margarita is out of the hurricane belt, too !)
Margarita is blessed with a wonderful warm climate, great beaches, affordable fine restaurants and lots of services. The cost of living is reasonable, so one can really dine out frequently and hire help at low fees for almost everything: cleaning, driving, Spanish lessons, etc.
Non-Venezuelans now need to apply for a Visa with the Venezuelan Embassy or Consulate in their country of residence before buying a property. The procedure is in general uncomplicated. Please contact the Venezuelan authorities in your country as requirements vary.
Should you have any questions on buying real estate on Margarita Island, please do not hesitate to email me at: firstname.lastname@example.org for an honest response.