CUBA REAL ESTATE FOR SALE
HAVANA CUBA. Cuba has opened the doors to allow Property to be bought and sold without any restrictions. The new Cuban real estate laws come in effect Nov 10 and will effect all Cubans and foreign [ernament residents of Havana & Varadero, Cayo Coco, Trinidad, Santa Lucia, Santiago de Cuba and the entire island of Cuba.
The new Cuban real estate laws are a huge breakthrough after 50 years of Fidel CAstro Communist rule and Cuba's socialist housing system
Finally Cuban buyers and sellers will be allowed to negotiate thier own home prices and move when and whereever they want in Cuba.
Any type of real estate transaction is acceptable including sales, trades, gifts to families by Cubans who are leaving Cuba with no government approval.
Cuba's foundation is shifting to capitalism, by allowing the free trade of all Cuban property.
Cuban residents who have been expecting the law for decades agree that Cuba real estate laws are likely to be far-reaching in a country full of 50 years of pent-up demand for freedom of all kinds.
Over one billion dollars of property is excepted to change hands in the first year.
CUBA NEW REAL ESTATE LAWS CONDOS FOR SALE IN CUBA
Economists on the island favoring economic liberalization have said the country’s other changes — making room for small businesses, and private agriculture — have been limited by lack of internal demand. Some experts say home sales could free up the capital needed to jumpstart the island’s economy. At the very least, they argue, it will probably lead to a boom in renovation. In Cuban real estate economy the Cuban people now have some wealth and that’s a stake in the economy.
Yet on the other hand, there are also significant social concerns. Mario Coyula, Havana’s director of urbanism and architecture in the 1970s and ’80s, said that wide-scale buying and selling would lead to a “huge rearrangement” in Havana and other cities as the wealthy move to better areas. He and others said it would inevitably exacerbate class conflict.
Legal issues in Cuba law can cause concern which involves foreigners and Cuban American exiles. The new Cuban real estate laws requires permanent residency however anyone can buy a second home in areas of “descanso” or “veraneo” — vacation or summer destinations — leaves open the possibility of looser enforcement in selected places, perhaps coastal areas, Old Havana and the golf communities that are currently under development with foreign investment.
The new law does not broach the subject of property confiscated by the government in the early years of the revolution. Lawyers and experts say these claims, representing tens of billions of dollars, are still a long shot. Property law worldwide generally favors compensation, not the right of return, and Cuba has yet to show serious interest in addressing the issue. Officials have insisted that the United States must first pay restitution for the economic damage caused by the 1962 trade embargo.
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| Cuba Beachfront Condos in Varadero & Havana on Sale |
HAVANA CUBA. Cuba has opened the doors to allow Property to be bought and sold without any restrictions. The new Cuban real estate laws come in effect Nov 10 and will effect all Cubans and foreign [ernament residents of Havana & Varadero, Cayo Coco, Trinidad, Santa Lucia, Santiago de Cuba and the entire island of Cuba.
The new Cuban real estate laws are a huge breakthrough after 50 years of Fidel CAstro Communist rule and Cuba's socialist housing system
Finally Cuban buyers and sellers will be allowed to negotiate thier own home prices and move when and whereever they want in Cuba.
Any type of real estate transaction is acceptable including sales, trades, gifts to families by Cubans who are leaving Cuba with no government approval.
Cuba's foundation is shifting to capitalism, by allowing the free trade of all Cuban property.
Cuban residents who have been expecting the law for decades agree that Cuba real estate laws are likely to be far-reaching in a country full of 50 years of pent-up demand for freedom of all kinds.
Over one billion dollars of property is excepted to change hands in the first year.
CUBA NEW REAL ESTATE LAWS CONDOS FOR SALE IN CUBA
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| Cuba Havana Libre Hotel Former Havana Hilton Hotel |
 Cuba Hotel-Condo for Sale |
| Cuba hotel-condos for sale |
Economists on the island favoring economic liberalization have said the country’s other changes — making room for small businesses, and private agriculture — have been limited by lack of internal demand. Some experts say home sales could free up the capital needed to jumpstart the island’s economy. At the very least, they argue, it will probably lead to a boom in renovation. In Cuban real estate economy the Cuban people now have some wealth and that’s a stake in the economy.
Yet on the other hand, there are also significant social concerns. Mario Coyula, Havana’s director of urbanism and architecture in the 1970s and ’80s, said that wide-scale buying and selling would lead to a “huge rearrangement” in Havana and other cities as the wealthy move to better areas. He and others said it would inevitably exacerbate class conflict.
Legal issues in Cuba law can cause concern which involves foreigners and Cuban American exiles. The new Cuban real estate laws requires permanent residency however anyone can buy a second home in areas of “descanso” or “veraneo” — vacation or summer destinations — leaves open the possibility of looser enforcement in selected places, perhaps coastal areas, Old Havana and the golf communities that are currently under development with foreign investment.
The new law does not broach the subject of property confiscated by the government in the early years of the revolution. Lawyers and experts say these claims, representing tens of billions of dollars, are still a long shot. Property law worldwide generally favors compensation, not the right of return, and Cuba has yet to show serious interest in addressing the issue. Officials have insisted that the United States must first pay restitution for the economic damage caused by the 1962 trade embargo.
