Frontier Markets: How Tourism Is Boosting Cuban Real Estate
With 3.5m visitors last year, Cuba's tourism industry will continue to grow rapidly in the coming years. The comparable is the Dominican Republic with over 5m visitors, seeking to double to 10m by 2023. The report discusses the mechanics of real estate investments and reviews the six main drivers of opportunity: (1) More attractive investment policies to compensate for the loss of Venezuelan oil subsidies; (2) rising tourism demand facing capacity constraints; (3) massive demand for building repairs and upgrading; (4) a still insufficient domestic repair services ecosystem; (5) a modernizing legal context providing increasingly greater clarity on longer-term perspectives; and (6) more forward-looking urban regulations.
Impact Economy is a global impact investing and strategy firm headquartered in Switzerland. The firm was named “impact investing firm of the year 2015, Switzerland" by Wealth & Finance International's Finance Awards. We provide strategy advisory, investment services and corresponding research to companies and professional investors, and especially target the following sectors: renewable energy, textile and garments, real assets and frontier markets (especially Bangladesh and Cuba).
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