Venezuelans Abroad Drive Housing Price Rises After Maduro's Capture

The capture of President Nicolás Maduro has prompted growing interest in buying property in Venezuela, especially among expatriates weighing a return or an investment. Carlos Peñalver, an electrician who left for the United States four years ago, bought a three‑bedroom apartment in Puerto Ordaz and said, “I was lucky,” after prices rose and listings thinned days later.

Brokers and industry figures report a sharp uptick in inquiries, but those calls have not yet produced a broad sales boom. There is no official data tracking the market since Mr. Maduro’s removal on Jan. 3, and many owners have raised asking prices or temporarily pulled listings while buyers wait.

The renewed optimism is tied partly to new rules meant to attract foreign oil investment, yet foreign companies remain cautious and any gains in production would likely take years.

Venezuela, Puerto Ordaz

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