Wealthy Venezuelans Are Seeking Haven in Madrid
- Venezuelans increasingly turn to Spanish capital to invest
- Favored havens such as Miami may lose allure, favoring Madrid
Why Venezuela's Many Crises Keep Getting Worse
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For Venezuelan exiles with money, Madrid has become a home away from home.
Venezuelans are increasingly turning to the Spanish capital as a place to invest as their home country falls further into economic chaos and the political mood turns more sour in U.S. havens such as Miami. The number of Venezuelans arriving in Spain rose more than 50 percent in 2015, according to the Spanish statistics office, the biggest increase after immigrants from the Ukraine.