The low supply of houses in Venezuela continues to push up
the prices, while low social interest rates on loans and government
direct subsidies are encouraging an unmet demand.
During the first quarter, real estate prices in the Caracas Metropolitan area remained on the high. Preliminary figures disclosed by market research firm Organización Akros show that in the first three months prices jumped some 9.42-17 percent.
The increase in the Baruta municipality was 17 percent; in Libertador municipality, 13.85 percent; in Sucre municipality, 13.34 percent and 9.42 percent in Chacao. El Hatillo municipality was the only area where prices decreased -with a fall of 2.04 percent.
Based on such increase, the price per square meter ranges from VEB 1.18 million (USD 550) to VEB 2.6 million (USD 1,200). At the end of 2005, prices were at VEB 1.03 million (USD 480) and VEB 2.46 million (USD 1,145).
LOPEZ CASE The Venezuelan mission at the United Nations in Geneva has sent a notice to the Office of United Nations Commissioner for Human Rights (UNCHR) labeling as "unreasonable" the latter's petition to release Venezuelan opposition leader Leopoldo López.
HUMAN RIGHTS Spanish President Mariano Rajoy and Lilian Tintori, the wife of Venezuelan opposition leader Leopoldo López, gathered on Wednesday in Madrid. At the meeting, Rajoy expressed his concerns about the detention of the dissenter, whose immediate release was requested by the United Nations in a resolution issued recently.
LOPEZ'S CASE Lilian Tintori, the wife of detained opposition leader Leopoldo López, asserted on Tuesday that "justice is militarized in Venezuela," because the Venezuelan government "has not observed" the resolution issued by the Working Group on Arbitrary Detention of the United Nations (UN) asking for the release of her husband.