Are foreigners allowed to own property in Venezuela?

"Foreigners are allowed to own property in Venezuela, but the process is complicated and can be difficult to navigate. Foreigners must obtain a visa and register with the Venezuelan government in order to purchase property. Additionally, the Venezuelan government has the right to reject any purchase of property by a foreigner. Furthermore, the Venezuelan government has the right to expropriate any property owned by a foreigner. Therefore, it is important for foreigners to understand the legal requirements and risks associated with purchasing property in Venezuela before making any decisions," remarked another expat who made the move to Venezuela.