One of the first opportunities for foreigners to own a property in Cuba
will launch this year
Tuesday, 14 October 2008
One of the first opportunities for foreigners to own property in Cuba is
just around the corner.
When a new project launches later this year, it will lay the founding
stone of the Carbonera Country Club, the island's first high-end resort
with a PGA golf course.
'Cubans are keen to emphasise that their island has so much more than
the other Caribbean islands,' says Andrew Macdonald, chief executive of
the company in charge of developing the resort, Esencia Hotel &
Resorts. 'Not only is the medical and educationalinfrastructure
excellent, but it's culturally rich, too.'
The development is a result of the Ministry of Tourism's plans to raise
the raise the bar on its tourist product for the discerning market. 'For
an island the size of Britain, it's amazing that there's only one golf
course,' adds Mr Macdonald.
Based on a plot of 420 acres on Cuba's north coast, an hour's drive from
Havana and overlooking the Florida straits, the development will include
650 apartments and 165 villas for sale. Exact details are being
finalised, but sales agents Savills quote a starting price for a
one-bedroom apartment of £70,000, rising to £150,000 for a three-bedroom
apartment.
'The villas are likely to be between 350 square metres and 500 square
metres with prices starting from £650,000,' says head of global resorts
David Vaughan (020–7016 3740).
http://www.countrylife.co.uk/news/article/277466/Property_market_opens_in_Cuba.html
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