The real estate market in Cuba is considered one of the best in the world to invest Does the downside? Most foreigners, especially Americans, are excluded from this potentially lucrative business.
But well they say who made the rule, made the trap. There are always ways in which investors can avoid all the bureaucracy and obstacles to gain a space in the booming real estate market in Cuba.
Foreigners have developed ways to get hold securities on behalf of figureheads, through marriages with residents, or even for Cuban Americans (by law transactions with the enemy) to name familiar to then bring their investment returns 10,000 USD for every time they visit the island
For Americans, on time, it is basically impossible, as are prohibited from buying in Cuba due to the Trading With The Enemy Act, passed by Congress in 1961. But with the advancement in the rapprochement between the two countries in recent times there is more you hope on that topic.
So is it possible for other foreign (non-US) to buy property in Cuba?
The answer is yes, but only in certain cases. For example, there are still about two dozen apartment buildings in ruins developed about 20 years ago in Havana market. Foreigners can buy those. Sending things to cuba was complicated until the cuban government allowed envios maritimos a cuba which opens the doors to more imports
In addition, Raul Castro has announced its intention to go ahead with plans to build a golf course on the island and sell millions of dollars in villas, townhouses and apartments to foreigners and Cubans, which so far does not include Americans, of course. However, the development and completion of that project could be about 10 years away.
Cuba begins to open the market (albeit slow and somewhat outdated processes). Good relations between the island and the United States could mean many things for the economy of both countries (more for Cuba). But the truth is that given a situation favorable Cuba could be flaunting a large real estate market in the not too distant future.