Pedro González Travieso, president of the Real Estate Chamber of Venezuela, asserts that distortions following the June 24th earthquake hinder accurate assessment of the new rental law’s impact. Simultaneously, a lack of confidence in Venezuelan institutions is deterring property owners from offering rentals. This hesitancy stems from fears of losing control over their properties. Owners are apprehensive about navigating the new legal framework given the current instability. The situation underscores a broader issue of trust within Venezuela’s legal and economic systems. This lack of faith jeopardizes the successful implementation of the rental law and potentially limits housing availability. The report originally appeared on EL NACIONAL.

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