Buying Properties in Cuba? Foreigners?
As usual, I have been trawling the Internet looking for news on Cuban property and, as usual, I came across the same old pile of rubbish that was posted 10 years ago.
That was until I found an excellent website offering information on buying Cuba properties.
The website in question is Cuba-Culture.com and I would recommend that you pay this website a visit if you have any real interest in buying a home in Cuba.
There is also a nice touch, you can contact Paul with any Cuba related questions you might have.
I “borrowed” part of the article as it was so interesting but you can visit the main website and read the full article and lots more besides fro the link above.
Buying Properties: Foreigners Buying Cuban Property?
The reality is that there are 3 main ways in which you can buy property or real estate in Cuba as a non-Cuban. These three ways are as follows:
- Marry a Cuban – this might be a little extreme but it is one of the ways in which you would then be eligible to purchase a home in Cuba from another local property owner. By being married you can apply for permanent residence and this authorization would enable you to buy as a local.
- Purchase a property from another foreigner – If you have no desire or intention to marry a Cuban and have no other direct ties with the country, there is the opportunity to buy from another foreigner. There was a period of time, in the last twenty years, when a number of newly built holiday properties were built and sold to foreigners. These foreigner owned properties can be sold to another foreigner. This is one of the easiest ways for you to buy property in Cuba, if you are not Cuban.
- Through others – Not necessarily a way I would recommend if you want to ensure that you have full control over your own property, but you can do what some people do and that is to buy property in the name of your children, family and sometimes even friends, if they are Cuban nationals. Do be aware that this can turn into a nightmare, such as when family members begin to disagree on certain things connected to the property.
Check out the full article, its really worth spending a few minutes and I hope you enjoy it.