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Caracas, Venezuala

Real Estate in Caracas, Venezuela

By Betsy Burlingame

Last updated on Feb 02, 2023

Summary: The average cost of a nice 2 bedroom home in Caracas, Venezuela is around $200,000 USD. A nice 3 bedroom home in Caracas is around $250,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and modern appliances. There are no restrictions on foreign ownership for properties in Caracas. An expat should search for a home to buy in Caracas by using online real estate websites, such as Lamudi, or by contacting a local real estate agent. The most desirable neighborhoods in Caracas are El Paraiso, Las Mercedes, and La Castellana. These neighborhoods are known for their safety, modern amenities, and close proximity to shopping, restaurants, and entertainment.

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How do I find a place to live in Caracas?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"To find a place to live in Caracas, you can start by researching online on local real estate websites, such as TuInmueble, ConLaLlave, and OLX Venezuela. These websites often have listings for apartments, houses, and shared accommodations. You can also join Facebook groups and online forums dedicated to expats and locals living in Caracas, where people often share rental opportunities and advice on finding a place to live. Another option is to visit local real estate agencies in Caracas, where agents can help you find a suitable place based on your preferences and budget. They can also guide you through the rental process and provide valuable insights into the local housing market. Additionally, you can explore neighborhoods in Caracas to find "For Rent" or "Se Alquila" signs posted on properties. This can be a good way to find rental options that may not be listed online. While exploring, talk to locals and ask for recommendations on safe and convenient areas to live in. Finally, consider networking with friends, colleagues, or acquaintances who live in Caracas, as they may know of available rental properties or can connect you with someone who does. Word of mouth can be a valuable resource when searching for a place to live in a new city," remarked one member in Caracas.

"When looking for a place here, you must go through an agent, who you the renter will have to pay one month's rent as commission. The trick is to use several agents because depending on your budget, they forget about you. We chose a neighborhood that was first safe and then close to everything since I don't drive. We chose an apartment for security reasons (most buildings have 24 hour security) and it has less upkeep," explained one expat living in Caracas, Venezuela.

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What is a typical expat home or apartment like in Caracas?

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Caracas, Venezuala

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