Geographic Information
Description of Venezuela
While it’s true to say that Venezuela is still pretty deep in financial crisis, this doesn’t mean there aren’t solid investment opportunities on the cards for international property buyers. Inflation is high and the economy is expected to continue contracting but at the same time, Venezuela operates a pretty wide-open buyers’ market for foreigners and isn’t nearly as gloomy as you might expect.
For example, an outright lack of desirable housing means that the right rental property in Caracas can net the owner yields as high as 15 per cent. Admittedly, this is diluted a little by the rather high 34 per cent rate of income tax, but it’s still perfectly possible to make sure the balance is tipped the right way.
Current Property Prices in Venezuela
Key Facts:
Currency: VENEZUELAN BOLÍVARTime Zone: Venezuela Time Zone
DialCode: 58
Languages: Spanish
Capital: Caracas
Population: 33,221,865
GDP: $209.226 billion
Latest News & Features for Venezuela
Latest News
Caracas – The most dangerous city in the world
Caracas ranked most expensive city for expats… and also cheapest
Watch – Squatters evicted from world’s tallest slum
Venezuela sports stars ‘investigated’ over huge currency scam
Watch – Curacao travel guide
Venezuela’s Central Bank director predicts economy to continue growing
Caracas fights for facelift to woo tourists, residents
Locals criticise Chinese housing investment in Venezuela
Venezuelan skyscraper taken over by squatters
Curacao: 2011’s latest go-to destination
Foreign buyers finding the American dream
Hilton seizure
Margarita: new hotspot?
Venezuela visitors
Venezuela visitors
Investors eye Venezuelan ‘paradise’
Investors eye Venezuelan ‘paradise’
Caracas ranked most expensive city for expats… and also cheapest
Watch – Squatters evicted from world’s tallest slum
Venezuela sports stars ‘investigated’ over huge currency scam
Watch – Curacao travel guide
Venezuela’s Central Bank director predicts economy to continue growing
Caracas fights for facelift to woo tourists, residents
Locals criticise Chinese housing investment in Venezuela
Venezuelan skyscraper taken over by squatters
Curacao: 2011’s latest go-to destination
Foreign buyers finding the American dream
Hilton seizure
Margarita: new hotspot?
Venezuela visitors
Venezuela visitors
Investors eye Venezuelan ‘paradise’
Investors eye Venezuelan ‘paradise’