Real estate sector in Venezuela calls for legislative reform for earthquake victims
Points clés
- The President of the Caracas Metropolitan Real Estate Chamber called for rental laws to be reviewed to help earthquake victims.
- It was emphasized that Venezuela should adopt the seismic standards of countries like Japan in order to be prepared for earthquakes.
- Following the June 24 earthquakes, 3,100 buildings were inspected in Chacao and damage was detected in 26 buildings.
- While more than 100 buildings collapsed in La Guaira state, it was announced that more than 70,000 families were adversely affected.
En chiffres
Fernando Di Geronimo, President of the Caracas Metropolitan Real Estate Chamber, called for changes in rental laws for those affected by the earthquakes that occurred on June 24. Di Geronimo demanded that vacant buildings be opened under legal guarantee to provide shelter for victims and that both parties be protected.
The reforms that need to be made include the Real Estate Leasing Law, the Law Against Real Estate Fraud, and the Special Law for the Protection of Residential Mortgage Debtors. Furthermore, Di Geronimo proposed reducing legal obligations to facilitate access to credit and paving the way for victims to acquire new housing.
Di Geronimo emphasized that Venezuela should benefit from the preparedness and expertise of seismically risky countries such as Japan. Meanwhile, the Chacao Municipality announced that it inspected 3,100 buildings in the area and that 26 buildings are damaged. In La Guaira state, it was reported that more than 100 buildings were destroyed and more than 70,000 families were affected.
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Questions fréquentes
- Which laws are requested to be changed in Venezuela?
- It is requested that the Real Estate Leasing Law, the Law Against Real Estate Fraud, and the Special Law for the Protection of Residential Mortgage Debtors be revised to support earthquake victims.
- Which region was most affected by the June 24 earthquakes?
- La Guaira state stood out as one of the most affected regions; more than 100 buildings were destroyed and more than 70,000 families were victimized in the area.
- What was the result of the building inspections conducted in the Chacao municipality?
- While no serious damage was found in a large part of the 3,100 buildings inspected in the Chacao municipality, 26 buildings were classified at an alarm (damaged) level.
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