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发帖数: 29846 | 1 Venezuela Bans Evictions, Delinquencies Soar 99%, Impossible to Get New
Lease
Thanks to inane economic policies enacted by former Venezuelan president
Hugo Chavez, and kept in place by current president Nicolás Maduro, it's
impossible to find an apartment to rent in Venezuela.
Mish-modified translation from Libre Mercado ...
Renting an apartment in Venezuela is impossible mission. Supply is tight
and prices exorbitant, quite inaccessible to the vast majority of the
population thanks to the 2011 Law Against Eviction and Arbitrary
Unemployment.
Venezuela made numerous mistakes over the years, with each mistake
reduced the supply of rental units.
A rent freeze in 2003, led to a 25% decline of rental units.
An expropriation ordinance in 2006 caused an extra drop of 51% of
rental units.
Rental restrictions applied between 2007 and 2008 caused a similar
contraction.
The 2011 law led to the virtual disappearance of housing for rent.
Regulation has resulted in massive unpaid rent. While thousands of
homeowners have favorable eviction judgments, execution is suspended until
the Ministry of Housing finds another place for the evicted tenant.
Today, there are only five listings of apartments for rent in Caracas in
the national press, with prices ranging from 80,000 to 195,000 bolivars a
month, almost 30 times the minimum wage.
A quick check shows the metropolitan region of Caracas has an estimated
population of 5,243,301. Those 5+ million people can choose between a grand
total of five rental listings.
Landlords would rather have an apartment sit vacant than rent it out for
nothing, losing control of the property in the process. |
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