exchange housing deficit Private Sector
Partial Reform of the Law Against Illegal Exchange, focuses on two articles:
Article 2 and Article 9.
Article 2, referred to Currency definition adds anything concerning the securities denominated in foreign currency. "In this way, the securities market should be in the form and methodologies established for that purpose," reads the document.
Article 9, the reform aims to extend the powers of the Central Bank of Venezuela on the purchase and sale of foreign currency to prevent distortions in the exchange market and it can impact the real economy of production, ensuring that the market currency or securities intended to foreign exchange settlement may only be made through the Central Bank of Venezuela.
1. What's happening?
The Government has changed the rules for buying and selling dollars in the parallel market, also known as swap.
2. Does this affect the quota for travel or internet purchases is received through Cadivi?
No. The quota for travel and online shopping at the exchange rate of 4.30 per dollar is not altered. Nor Cadivi affect approvals for students, remittances to relatives abroad or imports at the official exchange rate.
3. What is the parallel market or swap?
is a market where you can buy dollars through bonds without going to Cadivi.
4. How to buy dollars in the swap market before the change made by the Government?
companies or individuals attending a broker, buying a bond in bolivars subsequently exchanged for a bond in dollars and sold the paper on the outside to get money at a higher price than the two official exchange rates 2.6 to 4.30 per dollar.
5. How is the new system created by the Government?
From now on the Central Bank will act as intermediary between buyers and sellers through a platform. Establish a floor and a ceiling for the dollar by reference to the price of bonds abroad.
6. Will there be more checks to buy dollars? Yes
companies or individuals to buy foreign currency through the Central Bank of Venezuela will have to indicate what they want the dollars and the sellers will have to prove the origin of funds.
7. What has happened to the brokerage houses?
The Government accused of having carried out speculation that the dollar artificially increase in the parallel market and says they can not participate in the mechanism that will implement the Central Bank of Venezuela.
8. If I have a dollar bonus or the Republic PDVSA purchased through a broker I have problems?
No. The bonds must be in your name and there should be no problem, the Government has only said that brokerage firms may not serve to buy dollars through the scheme that the Central Bank has not announced at all.
9. If I have a dollar bond, such as PDVSA, I can sell it?
The National Securities Commission and the Central Bank has suspended the sale and purchase currency bonds to financial institutions begin to operate until the new system.
10. "I can sell my bonds abroad?
This aspect has not been cleared properly by the authorities. The Act stipulates that all bonds must be sold to the Central Bank, the central bank but sources indicate that a regulation which will allow foreign currency bonds may be sold abroad. Private
Sunday, May 30, 2010
Monday, May 10, 2010
Glue To Use On Unity Sand
estimated finish this year: Credit
end of this year estimated 20,000 homes
Venezuela / regulations and failure to limit housing production inputs.
The president, Hugo Chavez in his last speeches has said that the housing problem is a "personal challenge" and therefore is in their investment priorities. However, the regulations imposed by the Executive and the lower production of basic inputs are slowing the construction of housing solutions.
In 2009, 100,000 dwellings were completed, and of that amount, 70% made the private sector and 30% the public sector. In 2010, the manufacture of houses away from the performance recorded last year.
estimated the real estate sector in this financial year 2010 will end up about 20,000 homes, representing a fall of 70% over what was done in 2009 which were 70,000 solutions.
The reasons for this decline are the regulations that have been imposed on the market.
The president of the Real Estate Chamber of Venezuela, Francisco Neri said that laws and government decrees have forced developers to limit the start and finish those projects housing starts in past periods, albeit at a slower pace.
One text that has had an impact on the sector is the decree banning the collection of consumer price index in real estate presale contracts. Given this restriction, the pre- decreased 30% in the first three months of 2010, according to calculations of the construction sector.
The information used in the private sector and public sector, at the end of 2009, 106,000 households had permits in the first quarter and began to build only 10% of that amount.
Together with the decree are the changes in the Law on Access to Goods and Services, which audits increases in housing developments and the Urban Land Act.
sector spokesmen for the restrictions increase the draft Pre-Contract Law Housing & Property Law Social.
Failure to supply
Al
fence regulations generated faults are added to the supply of essential inputs such as steel, cement and aggregates, whose production is largely in the hands of state enterprises.
construction industry representatives indicate that the problems with the supply of materials have worsened, making it impossible to complete the development.
With the suspension of three furnaces of Sidor's electricity crisis, the production of rods and flat steel products decreased, and the generation of inputs by the private steel does not cover the entire demand.
Although government spokesmen announced the import of steel bars, it has not materialized. Additionally, the Government has also approved purchase applications external inputs from the private sector.
A steel failure is added to cement. Production has been declining and there are difficulties with the distribution.
transport units and ships to transport the material is insufficient, thus there are weeks that are difficult to purchase cement in bags.
Neri added that in recent days have emphasized the difficulties get aggregates (stone and sand).
These problems are due to several governors have decided to take control on the exploitation of stone and sand and for this purpose are forming joint ventures, in which regional bodies come to have a share greater than 60%.
marmas@eluniversal.com 
Venezuela / regulations and failure to limit housing production inputs.
The president, Hugo Chavez in his last speeches has said that the housing problem is a "personal challenge" and therefore is in their investment priorities. However, the regulations imposed by the Executive and the lower production of basic inputs are slowing the construction of housing solutions.
In 2009, 100,000 dwellings were completed, and of that amount, 70% made the private sector and 30% the public sector. In 2010, the manufacture of houses away from the performance recorded last year.
estimated the real estate sector in this financial year 2010 will end up about 20,000 homes, representing a fall of 70% over what was done in 2009 which were 70,000 solutions.
The reasons for this decline are the regulations that have been imposed on the market.
The president of the Real Estate Chamber of Venezuela, Francisco Neri said that laws and government decrees have forced developers to limit the start and finish those projects housing starts in past periods, albeit at a slower pace.
One text that has had an impact on the sector is the decree banning the collection of consumer price index in real estate presale contracts. Given this restriction, the pre- decreased 30% in the first three months of 2010, according to calculations of the construction sector.
The information used in the private sector and public sector, at the end of 2009, 106,000 households had permits in the first quarter and began to build only 10% of that amount.
Together with the decree are the changes in the Law on Access to Goods and Services, which audits increases in housing developments and the Urban Land Act.
sector spokesmen for the restrictions increase the draft Pre-Contract Law Housing & Property Law Social.
Failure to supply
Al
fence regulations generated faults are added to the supply of essential inputs such as steel, cement and aggregates, whose production is largely in the hands of state enterprises.
construction industry representatives indicate that the problems with the supply of materials have worsened, making it impossible to complete the development.
With the suspension of three furnaces of Sidor's electricity crisis, the production of rods and flat steel products decreased, and the generation of inputs by the private steel does not cover the entire demand.
Although government spokesmen announced the import of steel bars, it has not materialized. Additionally, the Government has also approved purchase applications external inputs from the private sector.
A steel failure is added to cement. Production has been declining and there are difficulties with the distribution.
transport units and ships to transport the material is insufficient, thus there are weeks that are difficult to purchase cement in bags.
Neri added that in recent days have emphasized the difficulties get aggregates (stone and sand).
These problems are due to several governors have decided to take control on the exploitation of stone and sand and for this purpose are forming joint ventures, in which regional bodies come to have a share greater than 60%.
marmas@eluniversal.com
Wednesday, May 5, 2010
How Long Can I Take Alprazolam
20,000 homes through the Compulsory Savings Fund for Housing.
The FAOV is a fund that consists of the savings - individual and employer - equal to 3% of the full monthly salary employees (2% paid by employer and 1% by the worker) and the recovery of loans already granted.
To apply for a housing credit through of this figure should take the following steps:
1. Preselect the house or apartment you wish to purchase, it can be new or the secondary market.
2. Comply with the following Conditions by:
• Be active savers Mandatory Savings Fund for Housing having at least 12 contributions to the fund.
• Have a monthly family income to Bs.F. 7000.00.
• Not having a home
• Submit Affidavit indicating that you or your household will occupy the housing loan subject.
• Be an adult.
• Be
Venezuela. If abroad, you must have legally acquired the residence remained in the country for a continuous period of five (5) years or be a parent of a Venezuelan.
3. Request the financial operator described the granting of long-term credit, including allowance (if applicable), and there deliver the following documents:
• Photocopy of Identity Card of Applicant Co-Applicant and Seller.
RIF
• Photocopy of the buyer (s) and seller (s).
RIF
• Photocopy of the company (applies when the applicant's income and / or Co-Applicant from a own business or for the seller corporation)
• Marriage certificate or proof of cohabitation (if applicable).
• Divorce Decree (if applicable).
• Affidavit of having no home.
• Registered Power Paper (for the existence of Attorney).
ONIDEX • Proof of Birth Certificate or submit the Venezuelan children (in case of foreigners).
• Proof force and / or Statements of Contribution to the Law on Housing Services and Habitat.
accounts • Bank references and / or credit cards with their states Account for the last three (3) months (self-employed 6 months)
• Original Certificate of employment (not exceeding 30 days). Income certificate signed by a Certified Public Accountant (independent workers) to analyze a minimum period of 6 months.
• Photocopy of the three (3) most recent pay stubs.
• Photocopy of latest Income Tax return (if not to testify, submit evidence of non-contributing format issued by the Institution).
• Photocopy of the three (3) latest Income Tax Statements (If applicant's income come from one's own business).
• Original Balance
personal or joint with no older than three (3) months, signed by a Certified Public Accountant.
• If the Applicant's revenues come from one's own business:
• Original Balance Sheet and Profit and Loss for the past year (closing), signed by a Certified Public Accountant.
• Credit Application Form duly completed and signed by the Applicant and Co-Applicant.
Original Paper • Sale and purchase option with a term of ninety (90) days plus thirty (30) day extension, and signed in no later than 7 days the date of loan application.
• Appraisal of the property with a maximum of thirty (30) days of broadcast, made by an expert appraiser registered with the Superintendency of Banks (SUDEBAN) and approved by the selected financial institution.
4. Finally, the financial trader review the precautions given, determines the allowance to apply and calculate the loan amount according to family income, pending before the application Banavih FAOV resources (credit) and FASP (subsidy) for a time approved, you can proceed with the acquisition of the selected household.
Credit
Features.
Among the features of credit given by the figure of the Mandatory Savings Fund for Housing, we have:
• The payment of contributions arising from housing loans are monthly and consecutive and are adjusted monthly income of the applicant or family.
• There is potential repayment and prepayment.
• The requested financial operator must give the applicant any specialized credit counseling, if requested.
• The interest rate is variable and is set by the National Executive through the Ministry Habitat and Housing. Currently, the Law on Housing Services and Habitat provides:
Family Income Rate
to Bs.F. 2800.00 4.66%
From Bs.F. 2800.00 to Bs.F. 5474.00 6.61%
From Bs.F. 5474.00 to Bs.F. 7000.00 8.55%
Grant Mortgage Loans for the purchase of primary residence, that are targeted to families whose monthly income is less than Bs.F. 2,600, qualify for the granting of direct housing subsidy. This grant is then as follows Figures:
Monthly Income (Bs F) Financial (F Bs)
From To
799 850 46 000 45 425
799.01 850.01 44 850 900 900.01
44 275 950 1000 43 700 950.01
1000.01 1050.01 43 125 1050 1100 42 550 41 975 1150
1100.01 1150.01 1200.01 1200 1250 41 400 40 825
1300
1250.01 40,250 39,675
1300.01 1350.01 1350 1400 39 100 38 525 1450
1400.01 1450.01 1500.01 1500 1550 37 950 37 375
1.550,01 1.600 36.800
1.600,01 1.650 36.225
1.650,01 1.700 35.650
1.700,01 1.750 35.075
1.750,01 1.800 34.500
1.800,01 1.850 33.925
1.850,01 1.900 33.350
1.900,01 1.950 32.775
1.950,01 2.000 32.200
2.000,01 2.050 31.625
2.050,01 2.100 31.050
2.100,01 2.150 30.475
2.150,01 2.200 29.900
2.200,01 2.250 29.325
2.250,01 2.300 28.750
2.300,01 2.350 28.175
2.350,01 2.400 27.600
2.400,01 2.450 27.025
2.450,01 2.500 26.450
2500.01 2550.01 2550 2600 25 875 25 300
Reference Table for the mortgage lending resources of FAOV (Click Here)
According
Official Gazette No. 39.086 of 23 December 2008. 
The FAOV is a fund that consists of the savings - individual and employer - equal to 3% of the full monthly salary employees (2% paid by employer and 1% by the worker) and the recovery of loans already granted.
To apply for a housing credit through of this figure should take the following steps:
1. Preselect the house or apartment you wish to purchase, it can be new or the secondary market.
2. Comply with the following Conditions by:
• Be active savers Mandatory Savings Fund for Housing having at least 12 contributions to the fund.
• Have a monthly family income to Bs.F. 7000.00.
• Not having a home
• Submit Affidavit indicating that you or your household will occupy the housing loan subject.
• Be an adult.
• Be
Venezuela. If abroad, you must have legally acquired the residence remained in the country for a continuous period of five (5) years or be a parent of a Venezuelan.
3. Request the financial operator described the granting of long-term credit, including allowance (if applicable), and there deliver the following documents:
• Photocopy of Identity Card of Applicant Co-Applicant and Seller.
RIF
• Photocopy of the buyer (s) and seller (s).
RIF
• Photocopy of the company (applies when the applicant's income and / or Co-Applicant from a own business or for the seller corporation)
• Marriage certificate or proof of cohabitation (if applicable).
• Divorce Decree (if applicable).
• Affidavit of having no home.
• Registered Power Paper (for the existence of Attorney).
ONIDEX • Proof of Birth Certificate or submit the Venezuelan children (in case of foreigners).
• Proof force and / or Statements of Contribution to the Law on Housing Services and Habitat.
accounts • Bank references and / or credit cards with their states Account for the last three (3) months (self-employed 6 months)
• Original Certificate of employment (not exceeding 30 days). Income certificate signed by a Certified Public Accountant (independent workers) to analyze a minimum period of 6 months.
• Photocopy of the three (3) most recent pay stubs.
• Photocopy of latest Income Tax return (if not to testify, submit evidence of non-contributing format issued by the Institution).
• Photocopy of the three (3) latest Income Tax Statements (If applicant's income come from one's own business).
• Original Balance
personal or joint with no older than three (3) months, signed by a Certified Public Accountant.
• If the Applicant's revenues come from one's own business:
• Original Balance Sheet and Profit and Loss for the past year (closing), signed by a Certified Public Accountant.
• Credit Application Form duly completed and signed by the Applicant and Co-Applicant.
Original Paper • Sale and purchase option with a term of ninety (90) days plus thirty (30) day extension, and signed in no later than 7 days the date of loan application.
• Appraisal of the property with a maximum of thirty (30) days of broadcast, made by an expert appraiser registered with the Superintendency of Banks (SUDEBAN) and approved by the selected financial institution.
4. Finally, the financial trader review the precautions given, determines the allowance to apply and calculate the loan amount according to family income, pending before the application Banavih FAOV resources (credit) and FASP (subsidy) for a time approved, you can proceed with the acquisition of the selected household.
Credit
Features.
Among the features of credit given by the figure of the Mandatory Savings Fund for Housing, we have:
• The payment of contributions arising from housing loans are monthly and consecutive and are adjusted monthly income of the applicant or family.
• There is potential repayment and prepayment.
• The requested financial operator must give the applicant any specialized credit counseling, if requested.
• The interest rate is variable and is set by the National Executive through the Ministry Habitat and Housing. Currently, the Law on Housing Services and Habitat provides:
Family Income Rate
to Bs.F. 2800.00 4.66%
From Bs.F. 2800.00 to Bs.F. 5474.00 6.61%
From Bs.F. 5474.00 to Bs.F. 7000.00 8.55%
Grant Mortgage Loans for the purchase of primary residence, that are targeted to families whose monthly income is less than Bs.F. 2,600, qualify for the granting of direct housing subsidy. This grant is then as follows Figures:
Monthly Income (Bs F) Financial (F Bs)
From To
799 850 46 000 45 425
799.01 850.01 44 850 900 900.01
44 275 950 1000 43 700 950.01
1000.01 1050.01 43 125 1050 1100 42 550 41 975 1150
1100.01 1150.01 1200.01 1200 1250 41 400 40 825
1300
1250.01 40,250 39,675
1300.01 1350.01 1350 1400 39 100 38 525 1450
1400.01 1450.01 1500.01 1500 1550 37 950 37 375
1.550,01 1.600 36.800
1.600,01 1.650 36.225
1.650,01 1.700 35.650
1.700,01 1.750 35.075
1.750,01 1.800 34.500
1.800,01 1.850 33.925
1.850,01 1.900 33.350
1.900,01 1.950 32.775
1.950,01 2.000 32.200
2.000,01 2.050 31.625
2.050,01 2.100 31.050
2.100,01 2.150 30.475
2.150,01 2.200 29.900
2.200,01 2.250 29.325
2.250,01 2.300 28.750
2.300,01 2.350 28.175
2.350,01 2.400 27.600
2.400,01 2.450 27.025
2.450,01 2.500 26.450
2500.01 2550.01 2550 2600 25 875 25 300
Reference Table for the mortgage lending resources of FAOV (Click Here)
According
Official Gazette No. 39.086 of 23 December 2008.
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