An independent house in the Playa municipality of Havana has been listed for sale at the astonishing price of 240 thousand dollars, according to an announcement posted on the Instagram profile Vedado y Más (@vedado_y_mas).
The property, built in 1950, has been completely restored, preserving its original architectural elements, such as polished mosaic floors, wooden carpentry, and stained glass. The total area of the property is 387 m².
The house is distributed over two levels. On the ground floor, it features a large garden, entrance hall, covered terrace, two living rooms, dining room, renovated kitchen, garage, interior hallway, three bedrooms, four bathrooms, and two patios: one interior and uncovered, and another made of earth, in addition to a side exterior hallway.
On the upper floor, there is an additional room above the garage, which has its own bathroom and a balcony. The sale includes valuable furniture and equipment.
The announcement has generated comments on social media, some with a humorous tone questioning whether the property includes a "discount for blackouts," while others are surprised by the beauty of the home.
This type of sale reflects both the dynamism of the Cuban real estate market and the contradictions that persist in a complex economic context.
Despite the challenges involved in buying a house in Cuba, interest in this type of property remains significant, particularly among Cubans living abroad who are looking to invest in the island.
A Cuban worker cannot afford to dream of a house like that because every peso of their salary goes towards securing food for survival.
Frequently Asked Questions about the Real Estate Market in Havana
How much does the house for sale in the Playa municipality, Havana cost?
The house in Playa municipality, Havana, is for sale for 240 thousand dollars. This amount reflects a dynamic in the Cuban real estate market, although it is unattainable for most Cuban workers.
What does the property for sale for $240,000 in Havana include?
The property consists of two levels with furniture and valuable equipment included. On the ground floor, it features a garden, entrance hall, covered terrace, two living rooms, dining room, renovated kitchen, garage, three bedrooms, four bathrooms, and two patios. On the upper floor, there is an additional room above the garage with its own bathroom and a balcony.
Why are housing prices in Havana so high?
The high prices of homes in Havana are due to a dollarized real estate market that is unaffordable for the average Cuban citizen. This is influenced by the economic crisis, the shortage of housing, and the demand from Cubans abroad who are looking to invest in the island.
Is it profitable to invest in properties in Cuba right now?
Investing in properties in Cuba presents risks due to the economic instability and legal restrictions. Although it may be appealing for those seeking business opportunities or wanting to preserve capital, it is crucial to consider the volatility of the Cuban context and the potential legal obstacles.
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