That is how INMOBILIARIA
CIMEX was created and with it, the possibility of joining foreign
investors in the construction of high and medium standard houses
in Havana City and the areas near its beaches.
Number 77 Law,
approved on September 1995, refers specifically to investments
in real estate, allows commercial relationships with foreign
investors up to 100% foreign property and guarantees the observance
of international rules and agreements concerning nationalisation
of properties.
This Law authorises
investments in real estate and the right to purchase the property
or other associated rights. The above-mentioned investments
may be used for: houses and buildings used by natural persons
who are not permanent residents in Cuba, such as private residences
or for tourists, houses or offices for foreign legal persons
and development of real estate for tourist use.
Purchase and sale
of real states is legalised by a public document and must fulfil
other legal requirements such as the Reservation Contract, Contract
of Purchase and Sale and the Real State Registry
French 
Spanish
