Venezuela is in crisis
The South American country has been caught in a downward spiral for years. Indeed, there has been a catastrophic hyperinflation, but also power cuts and shortages of food and medicine.
Venezuelans flee to Spain
As a consequence, the number of Venezuelans living in Spain has doubled in 5 years. There are now close to 100.000 Venezuelan inhabitants in Spain.
Venezuelans buy 25 real estate properties per month in Spain
From 2014 to 2018, the number of Venezuelans buying in Spain went from 136 properties to 292 properties per year. In other words, Venezuelans buy 25 real estate properties per month in Spain.
Out of those 107 are in Madrid, which shows a strong appetite for the Spanish capital.
How many Venezuelans live in Spain?
There are now close to 100.000 Venezuelans living in Spain. Indeed, close to 50.000 have emigrated from Venezuela to Spain over the last five years, as a result of the crisis in Venezuela.
Consequently, Venezuela is now the 13th country with the biggest number of residents in Spain.
How to market properties to Venezuelan buyers?
Please feel free to get in touch to market your properties to Venezuelan buyers!