Global Property Guide

Financial Information for Residential Property Buyers


Yields can be as high as 15% in Caracas

Last Updated: December 09, 2005

Last Updated: Dec 9, 2005
CARACAS - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
60 sq. m. 82,000 700 10.24% 1,367 11.70
100 sq. m. 95,000 1,100 13.89% 950 11.00
150 sq. m. 150,090 1,600 12.80% 1,000 10.70
CARACAS - Houses
200 sq. m. 200,000 2,000 12.00% 1,000 10.00
250 sq. m. 230,000 2,600 13.57% 920 10.40
300 sq. m. 400,090 3,200 9.60% 1,333 10.70
350 sq. m. 300,090 3,800 15.20% 857 10.90
PROVINCES (Maracaibo,Maracay, Barquisemeto) - Houses
60 sq. m. 40,000 500 15.00% 667 8.30
120 sq. m. 60,000 1,000 20.00% 500 8.30
200 sq. m. 95,000 1,500 18.95% 475 7.50
280 sq. m. 116,000 2,000 20.69% 414 7.10
400 sq. m. 256,000 2,500 11.72% 640 6.30
Source: Global Property Guide

Because of the acute shortage of quality housing, Caracas apartments can yield around 10% to 14%. Houses can yield more, up to 15.2% for a 350 sq. m. property.

Rental yields for houses in provinces popular with tourists such as Macaraibo, Maracay, and Barquisemento can reach 20%.

The most expensive properties can be found on Margarita Island in the Caribbean, where a 100 sq. m. property would cost around US$350,00, while a similarly-sized house in Caracas would only cost US$95,000.

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