Cuba Standard Exclusive: New Cuban Real Estate Law Could Open Floodgates for Construction

Jun 08, 2010, 08:13 ET from Cuba Standard

TAMPA, Fla., June 8 /PRNewswire/ -- A new law allowing foreigners to buy and sell properties in Cuba could be published by the government before the end of June, opening the floodgates for residential construction of up to 19 golf course and marina projects.

Observers believe the new regulations could spawn an unprecedented construction boom of as many as 7,000 condominium units in 13 golf course communities, and another 4,000 units around up to six marina developments.


Johannes Werner


Cuba Standard

941 330 0303

SOURCE Cuba Standard