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Distressed Venezuelan construction sector grieves desolation of real estate

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Caracas, Jun 18 (EFE).- (Camera: Iván Cárdenas) A shirtless security guard walks around on duty inside a modern and luxurious building in which not a single person resides. In the priviledged center of Caracas, the building stands tall as an exception at the centre of a deep crisis in the construction sector in Venezuela.A few blocks away, in the wealthy La Castellana neighbourhood, a different building shares the desolation. Just as luxurious, and just as empty.They are amongst the very few construction works erected in Venezuela in recent years, amid an ongoing economic recession which began in 2014 and with no end in sight, acording to the firm Econométrica.According to the chamber of construction, the sector has hit rock bottom as it accounts for only 1% of the country's economy. FOOTAGE OF CONSTRUCTION SITES IN CARACAS AND PROTESTS OF UNEMPLOYED CONSTRUCTION WORKERS

Added on the 18/06/2021 14:00:00 - Copyright : EFE Inglés

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