Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
Why Buy or Invest in New New Real Estate Developments in Cuba.
Cuba is a popular tourist destination, with its vibrant culture, beautiful beaches, and historical sites. Despite political and economic challenges, the tourism sector continues to grow, increasing demand for accommodations like hotels, resorts, and vacation homes.
The Cuban government has made efforts to attract international investment, particularly in tourism infrastructure. This presents opportunities for investors to get involved in developing properties catering to tourists, such as resorts, gated communities, boutique hotels, and rental properties.
While property ownership in Cuba has been historically restricted, recent economic reforms have allowed foreign investors to participate more fully in the real estate market, although it is still subject to strict regulation. Investors may see this as a window of opportunity before further liberalization.
Cuba's geographic position makes it a convenient location for trade, tourism, and business, especially as U.S. relations improve. It’s in close proximity to major markets in the Americas and could become a growing hub for business and tourism as restrictions ease.
As the government encourages foreign investment, it may be possible to enter into joint ventures with local entities to share the risks and rewards of luxury real estate development.
