New Market Report: Venezuela Real Estate Report Q2 2014
Venezuela's commercial real estate sector is set for continued turbulence over 2014. Several opposing factors, including the devaluation of the bolivar, a lack of new supply of commercial real estate, external macroeconomic headwinds and a deteriorating political environment will affect the sector. Office rental rates in the capital, Caracas, rose 80% year-on-year (y-o-y) in the first half of 2013 to USD150 per square metre (sq m) per month. The increase has been attributed to the devaluation of the Venezuelan bolivar,...
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