Opening Cuba Means a Boom for New Resort Properties
Opening Cuba Means a Boom for New Resort PropertiesArticle by: World Property Journal
It won’t happen overnight. But the shot heard ’round the world – President Obama’s “opening” with Cuba – will have momentous effects on the resort-development (and residential development) sectors. And it will have momentous effects on both the American and Cuban economies, as well. ….
“Many people have been planning ahead for this day,” Yad Aguiar, CEO of Canada-based Point 2 Cuba, who provides Cuban real estate expertise to international investors and developers. “I can tell you that a number of major American hotel companies have already spotted sites in which they’re interested. I can tell you that I’ve already heard of a 750-slip marina under discussion. And I can tell you that, for American travelers, the prices will be incredible…beautiful penthouse condos will be going for as little as $200,000!”
Even though American tourists – as opposed to American journalists, scientists, professional associations, etc. – will not yet be allowed to travel to Cuba, many experts feel that, when the island does open for general American tourism, it will be akin to a dam bursting. …. read more here