Despite fears of a rise in foreign ownership, the emerging property market in Cuba is largely a result of homegrown investment. With average wages of US$35 a month in some locations, many of the 90% of Cubans who work for the government rely on the informal economy, the bolsa negra, to offset low wages. To make extra cash, a Cuban property owner can legally convert rooms within their primary residence to accommodate a visitor (usually a foreign tourist) who for one night pays an amount many would typically expect to earn in a month.

The first step is getting a tourist card from a Cuban embassy, which you can convert into a snowbird visa in the country. However, visa-holders can only buy property under a few circumstances, which many expats find limiting.




Buying Property In Cuba