Property for sale in Cuba
Cuba is an island state of the Caribbean under the communist regime with white beaches and tobacco fields, whose role is important in the production of the country's legendary cigars. The capital, Havana, is characterized by pastel-coloured houses, 1950s cars and Spanish colonial architecture in Old Havana, the historic centre of the 16th century. The Republic of Cuba is an archipelago of the Caribbean, located between the Caribbean Sea, the Gulf of Mexico and the Atlantic Ocean. To the north are the United States and the Bahamas, to the west Mexico, to the south the Cayman Islands and Jamaica, and to the southeast Haiti.
In any case, we are talking about a state where the communist government, which has been in government for over 50 years, continues to control the economy at a rather widespread level, despite the recent openings which, however, are expected to have repercussions on everyone's life the days at a rather slow pace.
Until the early 90s it was impossible to buy a property for sale in Cuba for those who had not been a resident and / or Cuban citizen.
Things have changed, even if not in the radical way we could expect, especially after under the leadership of Raul Castro, the country seems destined to abandon the closure policies towards foreign investments that had characterized it from the Revolution to the present.
Buying a property for sale in Cuba and living in Cuba still today is not easy and it is still an operation subject to very special restrictions.
Whether you want to buy property for sale in Cuba, to live on the island or you want to make an investment, it is good that you know all the things we go to see in the following article.
Miramar and Siboney are the two neighbourhoods that, in the 90s, were built in the capital, Havana, to allow foreigners to buy their property.
It is an area where there are practically all the embassies of the world that have a representation in Cuba and where the large part of the diplomatic staff also resides.
To complete the picture we also find some foreign entrepreneur who owns a house in one of these two neighbourhoods.
These are two neighbourhoods where foreigners can buy a property for sale in Cuba, as they are areas subject to special legislation.
The problem is that those who want to buy a house in these two neighbourhoods will have to get in touch with a foreigner who holds the royal rights and buy it, as it is not yet possible for foreigners to buy houses or other buildings from the Cubans.
The induced scarcity has spurred upward prices, and for a very ordinary apartment you spend figures starting from about 150,000 Euros, prices absolutely out of the market on the Cuban island.
In the aforementioned districts, Miramar and Siboney have left the buildings, with the usual exception that allows foreigners to buy a property for sale in Cuba without any kind of problem.
These are certainly tempting possibilities, as they are apartments in very new condominiums built with good quality standards, which also guarantee common areas such as swimming pools, saunas and gymnasiums, and which also have vigilance at the entrance, which in a country with an important crime rate is always a plus that must surely be taken into account.
It should also be considered the fact that the two neighbourhoods are very urban, where there is little the Cuban spirit and where you lead a life very similar to that which would take place in a place in the south of Spain.
However, it is a country where poverty continues to produce entire neighbourhoods at risk, both for tourists and for residents.
It is always better to take account of the situation described and to choose a barrio (the so-called Cuban Spanish neighbourhoods are called) that is adequate for you and your family's safety if you have decided to buy a property for sale in Cuba.
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