Property for sale in Venezuela
Venezuela is a country on the northern coast of South America with several natural attractions. Along its Caribbean coast are tropical islands, including the Island of Margarita and the Los Roques archipelago. To the north-west are the Andes and the colonial city of Mérida, also access to visit the Sierra Nevada National Park. Caracas, the capital, is to the north.
Are you looking for a property for sale in Venezuela? It is important to know the political and economic situation in Venezuela.
With the highest inflation on the planet, the real estate market is a nightmare. Because the Bolivar is the most devalued currency in the world, the owners of property for sale in Venezuela try to close
their operations in a stable currency: the dollar. Properties for sale in Venezuela are bought in dollars, but since this is prohibited by the State, the operations are carried out through institutions outside the country, with the amount Bolivar in the official contract.
In the last five years, the ownership of a house in Caracas has been devalued in dollars, so now it is value 30% of what it was worth then. This happens because, as the Venezuelans left the country, the availability of property for sale in Venezuela and apartments has increased.
But thanks to that, investing in property for sale in Venezuela and luxury home is a good deal. In the Chacao district, also called the Manhattan of Caracas, the luxury real estate sector has become the target of investors. On the one hand, corporate investors who fail to repatriate their profits from Venezuela to their countries put their profits here. On the other hand, the Venezuelans are willing to protect their savings.
The problem is that without national production, without foreign currency and without international credit, Venezuela has no funds to pay for imports of basic necessities, while inflation is estimated at 17,000% only this year (according to the IMF) , the economy suffers a chaos difficult to describe.
The real estate sector in Venezuela is becoming one of the most interesting in the region, mainly due to the low prices that are managed in this market and the likelihood that properties will revaluate exponentially.
The best cities to live and buy properties for sale in Venezuela are as follows:
Valencia is the industrial capital of Venezuela thanks to its many industrial areas, which are the most important in the country. We know that the country is going through a difficult situation, but this does not prevent Valencia from offering all its attractions and natural beauties.
As for the population, Maracaibo is in second place (after Caracas) and is known as the most important economic centre in the western part of Venezuela. Cost of living in Maracaibo is extremely cheap.
The city of Mérida is located in the middle of the Andean region of Venezuela and is known as the largest student and tourist centre in the western part of the country. It is a cultured city and very state-of-the-art at the national level; in it you can enjoy culture, vibrant nightlife and commerce.
Barquisimeto is known as the heart, commerce and industrial and urban transport. Barquisimeto's climate is cool for most of the year and investments in trade and services are what has led to the good economic growth of the place. As if this were not enough, the city conveys an incredible vitality thanks to the fact that it is full of young people. Barquisimeto is, for us, the best city to live and to look for properties for sale in Venezuela.
Caracas, the capital of Venezuela, is an important tourist centre, has a pleasant climate and many attractions to see, but it is one of the most violent cities in the world. On the other hand, one would expect that, being the capital, the salary is one of the best, but this is just enough for one day.
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