A neoclassical mansion in the heart of El Vedado has hit the market for hundreds of thousands of dollars, but what stands out the most is a detail in its listing: "Original owners".
A video from the Instagram Vedado y más profile showcases images of the property that stands out not only for its architectural value and prime location near the Museum of Decorative Arts, but also because it was never expropriated and is still in the hands of its original owners.
In Cuba, many mansions were abandoned by their owners following the triumph of the revolution in 1959, and others were expropriated by the state. Today, when a house remains in the hands of the original family, it is seen as a sign of legal stability and legitimacy, something that potential buyers from abroad particularly value.
The mansion, "completely independent", features a garden, garage, entrance hall, living room, dining room, kitchen, five bedrooms, and five bathrooms spread between the ground floor and upper floor, as well as open terraces and balconies.
This old house needs minimal repairs and is for sale at a price of 370,000 dollars, which is unattainable for a Cuban worker whose average salary does not exceed 16 dollars a month.
The announcement has generated a strong response on social media, where some users have praised the beauty of the property, while others question the viability of such an investment in a country facing serious structural difficulties such as power outages, economic crisis, water shortages, and declining public services.
Despite this, some people claim to be interested in the offer. This beautiful mansion in El Vedado seems to follow the trend of other luxury properties in iconic neighborhoods of Havana, targeting a very specific market of buyers with investment capacity and connections abroad.
Frequently Asked Questions About Mansion Sales in Havana
Why is the mansion in El Vedado that is for sale so special?
The mansion in El Vedado is special because it was never expropriated and remains in the hands of its original owners, which is a sign of legal stability and legitimacy in Cuba. Additionally, it stands out for its architectural value, prime location, and excellent state of preservation.
What is the selling price of the mansion in El Vedado and how does it compare to other properties in Cuba?
The mansion in El Vedado is for sale at 370 thousand dollars, an unattainable price for most Cuban workers. Compared to other properties in Cuba, such as houses in Playa priced at 240 thousand dollars or more modest apartments for 30 thousand dollars, this price reflects the exclusivity and luxury market in Havana.
What risks do foreign buyers face when investing in properties in Cuba?
Foreign buyers in Cuba face risks such as legal uncertainty, as the regime can change property laws at any time. Additionally, there are concerns about economic stability and return on investment due to the country's structural conditions, such as power outages and lack of public services.
What impact does the sale of luxury properties have on the socioeconomic context of Cuba?
The sale of luxury properties in Cuba creates a stark contrast with the economic reality of most Cubans. While these sales reflect a dynamic real estate market, they also highlight the inequalities and the disconnect between the needs of the people and the regime's focus on attracting foreign investment.
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