Cuba REAL ESTATE MORTGAGE LOANS BANKS
Cuba REAL ESTATE MORTGAGE LOANS BANKS
The Republic of Cuba is located on the largest island in the Caribbean Sea. Over the past 50 years the state has undergone many political upheavals. But, despite this, the quality of life in Cuba quite high, well-developed system of education and health. In recent years, Cuba comes out of isolation. For example, appeared in the sale of previously prohibited mobile phones and computers.
Commercial real estate market in Cuba, virtually undeveloped. For many years, property in Cuba could not buy, she was in state ownership. Chance was only the exchange of housing. Although even in these conditions thriving black market Cuban real estate. More recently, the opportunity to buy property in Cuba to foreigners. In resort areas, special village built for recreation, in which Cuban can buy real estate by foreigners. Prices per square meter in these buildings around 1500 dollars.
Despite a warming of relations between Cuba and the West and the U.S., investors are reluctant to invest in property in Cuba. Prospects of the Cuban real estate market very closely linked to the political situation on the island.