Reaping the rewards of Venezuela’s ruin

It is estimated that in the Salamanca district alone, more than 7,000 luxury apartments are now owned by Venezuelans. Their country is facing financial ruin, with inflation expected to hit one million percent by the end of the year. And while some nationals face a fight to survive on a daily basis, others have found a safe haven for their in Madrid’s real estate market. According to real estate investment adviser, Luis Valls-Taberner, almost every street in Salamanca, an upmarket district of the Spanish capital, is home to a wealthy Venezuelan. More…