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Venezuela: High Real Estate Demand 

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Venezuela's real estate market has not seen a drop in demand despite expropriations and investor-hostile policies.

BY CHRONICLE STAFF

Oswaldo LaFranconi, managing partner for real estate company NAI Ferca, is optimistic.  Despite several expropriations of property the last few years - and indications that more will follow soon - LaFranconi is busy keeping up with demand for both commercial and residential real estate in Venezuela.

"Theres alot of demand for office space," he says.

Among his most recent deals: finding office space for a Chinese telecom company. 

Although the policies of President Hugo Chavez may have scared off certain types of investors, especially from the United States, Caracas is seeing a wave of new investments from other countries such as China.

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