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Cuba

Discussion in 'Where to Buy' started by barnes, 15th Aug, 2015.

  1. barnes

    barnes Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    674
    Location:
    Adelaide
    Found out that USA reopened it's embassy in Havana. 50 + years of communist madness is over. That's where property will be very hot (what's left of it) in the nearby future. The climate there is perfect. I wish I was younger...
    Your thoughts?
     
  2. The Butler

    The Butler Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    69
    Location:
    Sydney
    Both read an article and saw a doco on Cuban RE market about a couple of years ago. IIRC the law had just been changed to allow the buying and selling of real estate. Properties were being traded in the market square on handwritten pieces of paper. Everybody was becoming an agent and earning a years wages Ina week. IIRC prices were rising fast. Only citizens could play and the historic buildings in Havana were excluded.
    Don't know if things have changed since.
     
  3. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    2,129
    Location:
    Canberra
    One of our members had a very interesting experience in Cuba.

    His verdict. Everything you hear about communist prisons is true.
     
    Chrispy likes this.