The new legislation requires that all actual estate transactions be made by means of Cuban bank accounts so that they are often better regulated, coach during a divorce and it sets a tax fee of 8 % of the assessed value - cut up equally by purchaser and seller.
Some folks buy actual property expecting it to appreciate a lot over time," he said, in an interview with USA At this time But it can be risky - and even foolish - to pay so much for a property that you simply're shedding cash on an working foundation just since you assume it's going to appreciate." The truth is, when adjusted for inflation, as Shiller suggests, the common house hasn't appreciated a lot in any respect since 1987.
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At an intersection in central Havana that for decades has served as town's underground actual property bazaar, individuals said the tax charge appeared reasonable within the summary, however it would depend drastically on how authorities end up valuing the properties.
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