Despite inflation running over 20,000 percent, money is still working in Venezuela, albeit in an unexpected way. With a lack of alternatives thanks to cash and currency-exchange controls, the country’s wealthy are turning to investing in real estate and funding a spate of new ground-up construction in Caracas, according to Bloomberg. “Investors are wisely deciding to invest in brick,” developer Alfred Scheer of Vantage Latin America told Bloomberg. “We trust that a political change will […]
source https://therealdeal.com/2018/06/23/heres-the-most-surprising-place-for-a-construction-boom/
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