Cuba, a large Caribbean island nation under communist rule, is known for its white-sand beaches, rolling mountains, cigars and rum. Its colorful capital, Havana, features well-preserved Spanish colonial architecture within its 16th-century core, Old Havana, loomed over by the pre-revolutionary Capitolio.
Salsa emanates from the city's dance clubs and cabaret shows are performed at the famed Tropicana.
Low Season (May, Jun & Sep)
Some resort hotels offer fewer facilities or shut altogether. There's a hurricane risk between June and November and higher chance of rain.
(Apr & Oct)
Look out for special deals outside of peak season. Prices and crowds increase over Easter.
High Season (Nov–Mar & Jul–Aug)
Prices are 30% higher and hotels may require advance bookings. Prices are at their highest around Christmas and New Year. Weather is cooler and drier November to March.
Yes but with some restrictions.
For a number of years in the early 1990 Cuban law permitted the construction of some condominium style buildings where foreigners could buy an apartment. Those who bought these are now able to sell them to other foreigners who are not residents in Cuba.
There is in effect a two tier market operating in Cuba and so these properties form a distinct and separate market with current price significantly higher than the regular Cuban property market. Prices reflect the scarcity premium and the perceived benefit of Cuban residency. This is similar to the situation which exists in some other countries with restricted foreign investment in property such as the Channel Islands.
It is therefore possible for foreign investors to buy Real Estate in Cuba by Buying directly from one of the current foreigner who owns a home or an apartment in Cuba. The visa category, “Real Estate Resident” (Residente de Inmobiliaria) is now officially listed along with other types of visas that incoming foreigners can apply for.
Cuba has opened the doors to investment property with the approval of a new immigration law granting residency to foreign owners and lessees of property in the country.
In October 2013, Cuba’s Gaceta Oficial (Decree 305, Articles 92 and 93) announced a revision to Cuban immigration law, which now makes foreigners who own real estate or have long-term property rentals in Cuba eligible for one-year visas renewable for an extra year.
information from cubahomesdirect.com
For buyers and sellers
1.- Can a person own more than one house in the same category in Cuba?
No. A Cuban person can only own one property of each category. The categories are permanent residence and beach/country residence. The one as a permanent reference is where the registers of living lay and the other one is the outskirts place for rest (beach/country).
2.- What does the concept for the property in the outskirts imply?
It is defined as the house outside the city center which is not permanently used to living, but resting with the family and friends.
3.- What are the requirements for property trespassing?
3.1. - Be homeowner of a house/apartment and have domicile in Cuba.
3.2. - The property Deed must be registered in the Land Registry of the District where it is located.
3.3. - The Deed must contain the updated version of the house room distribution, including taxation made by the local architect.
4.- When should a Deed be updated?
In case of mistakes, omissions of any kind regarding house description and valuation, or no limits are stated or the valuation of the property. If some renovation that change the structure has been done or the description of the house does not match what really exists.
A person must update the Deed to register in the Land Registry. The process is obliged to every citizen owning a property in Cuba and intends to sell, buy or donate his/her house.
Most Deeds updated before 2003 lack of certain elements that are requiered today. Therefore, it is necessary to start the process if you are in this case.
5.- What are the steps to follow?
First, one must request the architect's services. The document provided by this architect must contain all limits, dimensions, rooms distribution, and the valuation of the property. If your Deed was not updated, you must present this architectural file to the Notary of the district and proceed to correct all mistakes included.
6.- How is the valuation of the house obtained?
The property taxation is provided by the architect file. The architect has 30 days to deliver this information to the client.
7.- Who decides the price of the property for the sale process?
The selling price is set by PEOPLE in Cuba. The price resulting in the valuation provided by the architect may not coincide with the asking price. The figure is the reference for tax payment when the buying-selling operation is carried out.
information from: havana-houses.com
Both the Buyer and Seller have to pay a 4 % tax on the property sale executed in Cuba.
Agent fees vary.
Long term rent or lease is a possibility. You can rent from a Cuban family who owns a legal cuba casa particular (a private tourist room). These rooms are rented for a short time to tourists, but some room owners agree to long-term leases (6 months – 1 year).
Cuba Longterm accommodation
Most foreigners live at the Marina Hemingway in well-equipped rented Condos or hotel suites (no cheap solution).
A deposit will be required equal to one months rent.