An independent house located in the Playa municipality of Havana has been put on the market for the astonishing price of $240,000, as per a listing shared on the Instagram account Vedado y Más (@vedado_y_mas). Originally built in 1950, the property has undergone a complete restoration while maintaining its original architectural features like polished mosaic floors, wooden carpentry, and stained glass windows. The total area of the home is 387 square meters.
The property is spread over two levels. The ground floor boasts a spacious garden, foyer, covered terrace, two living rooms, a dining room, a modernized kitchen, a garage, an interior hallway, three bedrooms, four bathrooms, and two patios—one being an uncovered interior patio and the other a dirt yard, in addition to an exterior side corridor.
Upstairs, there is an additional room situated above the garage, complete with its own bathroom and a balcony. The sale also includes furniture and valuable appliances.
The listing has sparked comments on social media, with some humorously asking if the property comes with "a discount for power outages," while others are simply taken aback by the home's beauty. This type of sale highlights both the vibrant nature of Cuba's real estate market and the contradictions that exist within its complex economic landscape.
Despite the hurdles involved in purchasing a house in Cuba, interest in such properties remains significant, particularly among Cubans living abroad who are keen to invest in the island. However, for the average Cuban worker, owning a house like this is an unattainable dream, as every peso they earn is spent on securing enough food to survive.
Understanding the Cuban Real Estate Market
Why is the house in Havana priced so high?
The house's high price is due to its full restoration, original architectural elements, and its location in a desirable area of Havana.
What are the challenges of buying a house in Cuba?
Purchasing property in Cuba is challenging due to economic instability, legal complexities, and the high cost relative to local salaries.
Who is interested in buying properties in Cuba?
The primary interest comes from Cubans living abroad who see property as an investment opportunity and a way to maintain ties to their homeland.