venezuela: The secrets of Miami's luxury real estate
- 12/14/18 03:58 PM
Miami luxury real estate is known to be the richest South American's playground. It offers a good investment field, an amazing culture and an unparalleled weather! But this time it has been involved in a Venezuelan embezzlement and money laundering investigation! The real estate market in South Florida has been involved in a multi-billionaire scheme of embezzlement and money-laundering for Venezuelan's state oil company PDVSA. $1.2 billion has been the total amount discovered in the criminal complaint for this case! At least 16 properties have been tied somehow to the investigation. When you are purchasing a unit in Miami there are some steps you … (0 comments)
venezuela: Are Venezuelans still investing in South Florida’s real estate?
- 02/24/16 12:03 AM
The talk of the town, here in South Florida, is all about the political and economic in Venezuela. Does it really have an impact on Venezuelan investment in the condo market? As a reminder, Venezuela is an oil-rich Latin-American country, said to be unstable as ever these days. It originated the 21st Century Socialism under Chavez and is now undergoing dramatic decreases in oil prices – their key asset. Hence some social, political and economic downfalls such as an average 68% annual inflation and an incredibly high murder rates. On top, critics towards the government are often sent to jail. Moreover, … (0 comments)
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