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.
"There's 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.