Venezuela Real Estate Report Q3 2012 - New Market Research Report
Venezuela's real estate sector is like none other in Latin America. In essence, the government - and, thanks to a variety of populist policies, the public sector - is the key player. For years, the government ran a sizeable budget deficit (in spite of the general upward trend in revenues that it received from the energy sector). High inflation has discouraged savings and investment. Populist government policies have also discouraged the long-term commitment of funds to real estate projects. Investors...
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