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  • 7 weeks ago
The latest figures show national house prices have recorded the biggest decline since December 2022. Property data provider Cotality compiled the data and their head of research, Gerard Burg, says a "perfect storm" of factors has weakened demand in the market.

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00:02This is an apartment complex in Catia La Mara City in La Guayra, one of the worst impacted
00:07parts of Venezuela from these twin earthquakes.
00:10This is a 16-storey apartment complex which has been completely destroyed and sadly we
00:16know that there are still people inside.
00:19But as we reach nearly a week on from this natural disaster, many people here have come
00:24to the expectation that they will be recovering bodies now and not saving people's lives.
00:30In fact, where I'm standing, this used to be the pool for this apartment complex.
00:34It's completely unrecognisable now.
00:37It's just piles and mounds of concrete and steel beams and bricks and over there a list,
00:43lists, paper lists have been written up and put on the wall with handwritten names of people
00:49that are still missing in this apartment complex alone.
00:51That's really common across the state of La Guayra.
00:55Every apartment complex, many of them have lists of people's names because there is no centralised
01:01system to keep track of everyone that is missing.
01:05So local communities are setting up these lists and riding on dirt in people's cars to keep
01:12track of those loved ones and friends that have not been found so far.
01:17And we've spoken with volunteers here who have been, who have travelled and they don't necessarily
01:22have friends or family here, but they want to help.
01:25We spoke with one man who said that he's saved three people so far, but he feels incredibly guilty
01:30that he hasn't saved more because he knows that thousands are still missing.
01:34This apartment complex as well, completely destroyed.
01:36In ruins, mattress, bricks, the cars have been totaled.
01:42And we know that search and rescue crews have been through here, but have since left.
01:47Now, we heard only a couple of days ago that we could still hear pets
01:51whimpering and barking out from this building and residents were coming and calling for their
01:56pets to see if they could escape, but sadly to no avail. And this is not uncommon here in the
02:04state
02:04of La Guayra. There is still tens of thousands of people unaccounted for. Right now, a search crew
02:12is getting ready to prepare for that building there, but they're waiting to turn off the electricity
02:17before they go in. But it's becoming increasingly as well, it's a dangerous job, especially because
02:23these aren't officials half the time. There are many just local Venezuelans and people trying to
02:28support their community in clearly very dangerous circumstances. This building, you can see here,
02:34a D has been written. That is a sign that search and rescue crews have been here and have marked
02:40it
02:40for demolition. And the reality is there is very likely still bodies in here. There are definitely pets
02:45in here, but they've deemed it too risky for what they can go and retrieve now as we reach closer
02:50to a
02:51week of this natural disaster. The situation in La Guayra is a total mess. There are thousands of
02:58people still missing, but the issue is there isn't enough heavy machinery to go through and search
03:03apartment complexes like this one. So search and rescue crews can only do so much with their bare
03:07hands or little equipment that they have. And now the government has been blocking off media and press
03:14to this area. And in fact, they announced that there was a 48 hour ban for international media to be
03:20in La Guayra. And many residents have told me that they believe that that's a form of censorship,
03:24that the government doesn't want the world to see this disaster because they're completely
03:30ill-prepared for this mess. It's a disaster on an enormous scale as is, the worst earthquake in a
03:38century. But residents here have been very frustrated because they haven't seen a coordinated effort and
03:44response from the government, like what we're seeing in Caracas, where the media is allowed to
03:49film, because there's so much disaster that it's impossible to cover. But they feel that the government
03:56should be more coordinated or should at least be allowing more help in. Whilst there's loads of
04:01international aid and foreign and search and rescue people here, we've been told that some of them have
04:08been having trouble getting permits in to then come up to La Guayra to help. So there is that issue
04:13as well,
04:14where the international aid workers are being restricted or finding limitations because the
04:19situation is just so catastrophic at a scale that this government is ill-prepared to manage.
04:25Many people have very fond memories of La Guayra. It's a coastal city, it's quite beautiful,
04:31and many people come here for vacation or have holiday homes here. Now it's unrecognisable
04:37for so many people, and being here and hearing their stories is...
04:48It's heartbreaking.
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04:52You
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