Yields can be as high as 15% in Caracas
| 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 | |||||
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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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