They are selling ground-floor apartments in Havana: "Ideal for starting a business"

In the midst of the severe housing crisis that Cuba is facing, where access to adequate housing is a challenge for most workers, two ground-floor apartments have been put up for sale, located in El Vedado, one of the most sought-after areas of Havana.

However, the prices of these properties, while attractive to investors, remain out of reach for most Cubans, whose average monthly salary is around 4,000 Cuban pesos, approximately 25 dollars at the current exchange rate.

Ground floor apartment in El Vedado, close to Paseo and Zapata.

This apartment, located in a three-story building from the 1940s, was listed on the real estate market for a price of $22,000, making it a considerably high investment for an average Cuban.

It has an area of 200 m² and features a front garden and a garage with dual entrances (one on 27th Street and the other on Zapata). This property is ideal for those interested in starting a business or using it as a commercial space, due to its size and accessibility.

Apartment in Vedado, near 23 and G

The second apartment, measuring 90 m², is priced at 30,000 dollars. It is located near the busy corner of 23 and G, in the heart of El Vedado.

It is an excellent option for those seeking a business space in an area of high pedestrian and vehicular traffic. Like the first option, its price makes it unreachable for a large part of the Cuban population, but attractive to investors or individuals with access to remittances from abroad.

Housing crisis and real estate market in Cuba

The sale of these ground floor properties, which could be adapted for commercial use, occurs in a context where the real estate sector in Cuba has high demand and low supply.

The high costs of properties make it difficult for most Cubans to access home ownership.

While the average monthly salary is extremely low compared to real estate market prices, many buyers depend on remittances sent from abroad or foreign investments to acquire properties on the island.

This situation has created a duality in the market, where only a small sector of the population has access to these opportunities.