> Cash is king in Venezuela property market as loans elude would-be buyers / V000_9M97KJ
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Cash is king in Venezuela property market as loans elude would-be buyers / V000_9M97KJ
Clip ID 2129091
Creator AFP
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Description
In Venezuela, the country with the world's highest inflation, having a stable income does not mean you can buy even a small apartment. With banks not offering loans, would-be homeowners are expected to pay for property in a single or handful of installments, using wire transfers, cheques and even briefcases full of US dollars. IMAGES AND SOUNDBITES