A neoclassical mansion nestled in the vibrant heart of El Vedado has been listed on the market for several hundred thousand dollars. However, it's not the price that has captured everyone's attention; it's the unique detail in its sale announcement: "Original Owners."
An Instagram video from the account Vedado y más displays images of this architectural gem. Besides its stunning design and prime location near the Museum of Decorative Arts, the mansion's true distinction lies in never having been expropriated. Remarkably, it remains with its original owners.
In Cuba, many grand homes were deserted by their owners following the revolution's triumph in 1959, with others seized by the State. Today, a property remaining with its initial family is perceived as a beacon of legal stability and legitimacy, a feature particularly prized by potential international buyers.
The mansion, which is "completely independent," boasts a garden, garage, porch, living and dining areas, kitchen, five bedrooms, and five bathrooms spread across both ground and upper floors. The property also features open terraces and balconies.
While this old house requires minimal repairs, it is available for $370,000—a sum utterly unattainable for the average Cuban worker, whose monthly salary does not exceed $16.
The advertisement has sparked significant discussion on social media. Some users admire the property's beauty, while others question the practicality of such an investment in a country grappling with persistent power outages, economic turmoil, water shortages, and declining public services.
Despite these challenges, some individuals express interest in the offer. This charming mansion in El Vedado follows the trend of other luxurious properties in Havana's iconic neighborhoods, catering to a niche market of buyers with investment capacity and international connections.
FAQs about Buying Property in Cuba
Why is the original ownership of the mansion significant?
The original ownership is significant because it indicates that the property was never expropriated by the State after the revolution, which adds a level of legal stability and legitimacy valued by international buyers.
What challenges do potential buyers face when investing in Cuban real estate?
Potential buyers face challenges such as the country's economic instability, frequent power outages, water shortages, and declining public services, which can affect the viability of their investment.