People's organizations monitor rental rates in Venezuela
Superintendent Ana Marina Rodríguez said that the replacement value will be used not only to determine the rental, but also to set the sale price of dwellings located in the buildings used for rental
"Works will be carried out along with organizations to determine the rental rates," the public servant told state-run TV channel VTV.
One year after the entry into force of the Rental Law, government authorities have not estimated yet the rent to be charged by owners because the Ministry of Housing has delayed setting the replacement value (price per square meter).
According to the authorities, the costs per square meter are scheduled to be published on Wednesday. The superintendent added that proposals had been received from grassroots organizations with regard to the calculation methods.
"There was a joint work to determine the rental rate and the supply preference," she explained. The schedule will also set the sale price of dwellings located in buildings older than 20 years, used for rental.
Translated by Conchita Delgado
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.