But municipal authorities overseeing both Chacao and Las Mercedes their say phones continue ringing off the hook with requests for information about construction permits.

"These are people who have a long-term vision, who want to invest because they see the country is going to change," said Chacao Mayor Ramon Muchacho. "But this is also a financial issue: the only shortage we don't have in Venezuela is a shortage of bolivars."

This article was provided by Reuters.

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