Requests for real estate rentals increased on the border between Venezuela and Colombia
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- 20 Oct 2022
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After the reopening of the border between Colombia and Venezuela on September 26, there was an increase of approximately 30% in requests for rental of real estate, commercial and industrial premises on both sides, as stated by the president of the Real Estate Chamber of the Tachira, Regal Labrador.
“Now is the time to buy, already speaking a little more in terms of investment. It is time to invest and buy because a rebound is expected. Demand has increased by about 30%. As long as this has a balance with supply, there will come a time when prices, by natural behavior, will begin to adjust upwards, ”he said in an interview with Unión Radio .
However, he stressed that the Venezuelan real estate market in the border towns of San Antonio and Ureña faces problems due to the lack of public services and legal certainty when it comes to attracting investment.
Labrador stated that payment transactions in these sectors are handled in Colombian pesos or preferably dollars. He also added that the real estate prices offered in Venezuela are up to 50% lower than in Norte de Santander.
The data handled by the Real Estate Chamber of Táchira revealed that in 2022 the real estate market has remained stable and that it only stopped 90% when the covid-19 pandemic arrived in the country.
Rental prices
Labrador, in August, indicated that thanks to the reactivation of some business sectors, the demand for real estate and commercial premises is recovering.
The rental of homes and commercial establishments in Táchira is an opportunity to receive a fixed monthly income, said the representative of the Chamber.
The rental fee for commercial premises in the entity ranges between 200 and 400 dollars, the price varies according to the size and location of the property, reported La Opinion. Read More…
