Housing prices in Venezuela are rising and Venezuelans abroad are considering buying

Buying property in your home country was once “unthinkable” for Carlos Penalvera Venezuelan electrician who went to USA four years ago, when Venezuelan economy He started to stagger. The capture of President Nicolás Maduro The panorama changed, enough for Peñalver to start calling real estate agents.

Shortly afterward he closed on the purchase of a three-bedroom apartment in the eastern port city of Puerto Ordaz. Days later, prices had already risen. There were fewer properties available. “I was lucky,” said Peñalver, 26.

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