Social” citizen knows someone who needs a larger house so at the public park he passes the word and soon someone shows up with another house or apartment to trade, they make a verbal agreement and pay a commission to the third party finder , then they go to the government office and request permission to make the switch which they usually obtain, as a result, that is the typical everyday way that a Real Estate transaction can be made in Cuba. by citizens.
In a very limited number Spain citizens have leased prime land and built condominiums for seasonal occupancy by tourists where the Cuban government is always a 51 % owner. it is doubtful that in a change in Cuba that this investors will be able to establish any legal claims from a new government, be it communist or capitalist.
For the next several years Cuba Real Estate will remain one of the worst investments anyone can make. For second homes, retirement homes , investments in resorts or any other Real Estate investment.
There are countries where Realtors who are professionals certified international property specialists members of the National Association of Real Estate and of their State and local association can provide an investor, buyer or seller of Real Estate a wealth of advise to reach a worthwhile and safe investment.
Juan Selaya-Broker Realtor-Certified International Property Specialist
J.A.S. Properties Marketing Corp- 601 E Chaminade Dr. Hollywood, Florida 33021 U.S.A.
T 954 966 5529–Fax 954 962 1524– Mobil 954 649 4063