BUILDING CONVERSION IN VENEZUELA
- Location:
- VENEZUELA
- Category:
- COMMERCIAL PROPERTY
- Type:
- Building Conversion
- Beds:
- -
- Currency:
- £ GBP
- Prices:
- -
- Results:
- 1 listings
Great Building for development can be a Boutique hotel or nice apt with comercial too Historic building
Building Conversion
£5,944,567
Altamira, Miranda, Venezuela
Listed By: Best Properties on 09.01.2014View all Building Conversion
in Venezuela from 5 944 567 💷 GBP on TheMoveChannel.com.
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.
Buildings for redevelopment give investors the opportunity to transform a property into something new and profitable. Old factories, for example, can be redeveloped into housing units or office space that can then be rented out.
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.
Buildings for redevelopment give investors the opportunity to transform a property into something new and profitable. Old factories, for example, can be redeveloped into housing units or office space that can then be rented out.