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<blockquote data-quote="911" data-source="post: 124816" data-attributes="member: 11221"><p>One of my buddies is from Maracaibo. His family had a large farming operation they had to abandon due to chaos, corruption and violence (kidnappings). </p><p></p><p>Back when there was a lot of talk of a coup with Guaido last Spring, RE prices shot up considerably. A lot of expats thought that the Maduro regime was going to be overthrown. I think this has subsided now, prices might be inching back down again.</p><p></p><p>I think Venezuelan real estate would be a superb investment IF like Scotian said you have a very long term outlook, and if you can navigate the local landscape, which is probably too difficult for foreigners with no strong local connections. But if you are going to live/move there, it seems like a no-brainer.</p></blockquote><p></p>
[QUOTE="911, post: 124816, member: 11221"] One of my buddies is from Maracaibo. His family had a large farming operation they had to abandon due to chaos, corruption and violence (kidnappings). Back when there was a lot of talk of a coup with Guaido last Spring, RE prices shot up considerably. A lot of expats thought that the Maduro regime was going to be overthrown. I think this has subsided now, prices might be inching back down again. I think Venezuelan real estate would be a superb investment IF like Scotian said you have a very long term outlook, and if you can navigate the local landscape, which is probably too difficult for foreigners with no strong local connections. But if you are going to live/move there, it seems like a no-brainer. [/QUOTE]
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