Wednesday, May 28, 2008 in IRAN www.RentVine.ia ??!!

Could websites like and start a website in Iran or Cuba for rental home listings one day ?
WWW.RentVine.ia or how about
I have always felt that if I ever did an overseas home rental website it would be in Brazil , as it has a growing middle class and is one of the ten largest economies in the world, the country has a diversified middle-income economy with wide variations in development levels and mature manufacturing, mining and agriculture sectors. Technology and services also play an important role and are growing rapidly. Brazil is a net exporter, having gone through free trade and privatization reforms in the 1990s.


In Cuba, it is legal to rent private homes and apartments, otherwise known as bed and breakfasts, instead of rentl homes or vacation homes .These allow you to interact on a daily basis with Cuban people and to learn more about the Cuban culture as well. Also, if you rent a private home, you will lower your travel expenses.
At they offer you a rental directory which includes: detailed descriptions and photos of each private home, prices and local area information. The best part about there service is that you can easily make your reservation online by clicking on there reservation page.
In there rental directory you will find the following types of rental homes available:
Private bedrooms with private bathroom sharing the rest of the house with the Cuban family.
Private bedrooms with independent entrance with no need to share with the Cuban family.
Complete private apartments and homes at your disposal with private entrance.
Luxurious rooms in large homes with swimming pool in residential areas of Havana.
At Havana Rentals if you make a reservation of lenghth longer than one month,
then you will get a special 20% off discount.
Havana Rentals offers booking service for lodging in Havana, Cuba.
Every homeowner listed here at Havana Rentals has the license for renting.
Since november 8th, 2004, the US dollar is no longer accepted in Cuba as before. Instead, the Cuban Convertible peso is the only accepted currency to purchase goods and services in every place where the US dollar was formerly accepted.
How can a tourist or any Cuban acquire/purchase these Cuban Convertible pesos in Cuba?
If you have US dollars, you can purchase Cuban Convertible pesos at the exchange rate 1:0,9 . Hence a 10% fine is imposed to the amount in US dollars that you want to exchange. This means that $10 US dollars equals to $9 Cuban Convertible pesos (CUC).
If you have any other currency such as Canadian Dollars, Euros, Pound Sterling, you can continue exchanging that currency into Cuban Convertible pesos at the current US dollar exchange rate in any Bank and hence be able to acquire goods and services with these Cuban Convertible pesos. The exchange rate that will be applied will be the current Bank exchange rate between the US dollar and the currency you provide. This way, instead of US dollars, you will receive Cuban Convertible pesos.
The above mentioned currency exchanges, can be carried out in any Bank within the Cuban territory, any CADECA exchange desk and also in the various International Airports in Cuba.
CADECA is the name of the government official exchange offices where you can exchange the different currencies. They are widely available in Cuba. CADECA here means "Casa De Cambio" in Spanish.
The prices in Cuba for goods and services, formerly payed in US dollars, will remain the same but must be paid with Cuban Convertible pesos. As said, this started on november 8th, 2004. The prices of the private homes will also remain the same and only Cuban Convertible pesos will be accepted as well. For this reason, the prices shown in our web site corresponding to US dollars, actually mean Cuban Convertible pesos.
On the other hand, the Cuban pesos, which are different from the Cuban Convertible pesos, will continue circulating and will be valid to purchase the goods and services that are provided (mostly for Cubans) and that are priced in Cuban pesos. The current exchange rate between the Cuban Convertible peso and the Cuban peso remains 1:24. With 1 Cuban Convertible Peso you can get 24 Cuban Pesos in any CADECA exchange desk.
We strongly discourage exchanging any currency with Cubans in the street in order to avoid being cheated. You will not be the first one who, being told by a malicious Cuban that the "Cuban pesos" are required to rent a car in Cuba, find your self exchanging $300 US dollars into 300 Cuban pesos (Cuban pesos are different from the Cuban Convertible pesos) . When this Cuban vanishes, and you unsuccesfully try to rent your car with these 300 Cuban pesos, you will realise that your initial $300 US had become less than $12 CUC because the exchange rate between CUC and the Cuban peso is 1:24.
To summarize: US dollars are no longer valid for payment in Cuba since Nov 8, 2004.
If you are planning a trip to Cuba, don´t bring US dollars as they will no longer be accepted to directly purchase goods and services here. Be aware that if you do so and bring US dollars, a fine of 10% will be imposed when exchanging these into Cuban Convertible pesos at any Bank or CADECA desk.
Instead, we strongly encourage you to bring other currencies such as Canadian Dollars, Euros or Pound Sterling. Once here you will be able to exchange these other currencies into Cuban Convertible pesos at the current exchange rate of the US dollar in the Airport upon arrival or later in any Bank or CADECA desk in the Island. This way you will avoid the 10% fine that is imposed to those having US dollars. This is important to know as you will not even be able to pay the Taxi from the Airport without Cuban Convertible pesos.
You will be able to re-exchange back the remaining of your Cuban Convertible pesos to either Canadian Dollars, Euros, Pound Sterling, etc, anytime or just before your departure in the Airport. In that case, the exchange rate that will be applied to your Cuban Convertible pesos will be the same rate between the US dollar and the Canadian Dollars, the Euro, or the Pound Sterling in each case, just as if you were providing US dollars. This means that if you provide, let´s say 100 Cuban Convertible pesos and you request Euros because you are going back to Spain, you will receive 130 EUR because the exchange rate between the US dollar and Euro is 1:1.30 .
Note there will be no 10% refund when you re-exchange back your Cuban Convertible pesos into US dollars so you will receieve the same amount of US dollars as Cuban Convertible pesos you provide. Hence you will not get back the 10% that was imposed to your US dollars, if it was the case that you brought US dollars to Cuba.
The payments issued to the homeowners for the renting services in their private homes, must be paid in Cuban Convertible pesos after November 8, 2004 as well.
They have prepared a page with photos of the most common notes of Cuban Convertible pesos so you can start getting familiar with them.
Disclaimer: The above text is for informational purposes only. Havana Rentals is not responsible for any lose or damage derivated from the information provided here.


Iran's Housing Boom Creates Millionaires - AOL News
TEHRAN (May 27) - Negar Ehteshami just paid the equivalent of $6 million in rials in cash for a luxurious apartment. But it is not in New York or London. It is in the capital of the Islamic Republic of Iran.
"I am a millionaire because of this 300-square-metre apartment," said Ehteshami, a 56-year-old interior designer from a rich Iranian family who has always lived in an affluent northern Tehran neighborhood.
Luxury housing rises up from a wealthy neighborhood in Tehran, Iran.
"But nothing else in my life resembles the life of a millionaire," she said, moving her Hermes handbag out of the way as she closed the window of her apartment.
"Here I feel (as though) I am inside a helicopter. I can see the whole city."
Hers is a tale with echoes in much of the West: a house price surge fuelled partly by easy lending. In Iran, however, people are still being priced out of the market.
Mansour Bagheri, a businessman living in Germany since 1980, hopes to make a fortune from this business model.
"I get loans in Europe, where I live, and buy apartments in Tehran. I am all set to become super rich," he said.
A real estate boom in the world's fourth-largest oil producer has been powered by President Mahmoud Ahmadinejad's economic policies since he was elected in 2005, economic analysts say.
Real estate prices surged by more than 100 percent in 2007, after rising by about 65 percent in 2006 and more than 50 percent in 2005. Some economists see huge scope for the market to keep rising as, with interest rates below inflation, Iranians seek a store of value in property.
"The high prices might be a bubble," said economist Reza Abdizadeh. "It might be fake and not logical. But it is a fact. Historically, housing prices have never dropped in Iran. The government might be able to stop prices from rising but will not succeed in lowering them."
Shortly after Ahmadinejad was elected, his government came up with a plan for "quick-impact loans," handing out substantial sums to individuals and companies with plans to create jobs in Iran where the official unemployment rate is above 10 percent.
This stimulus is also a textbook trigger for inflation and alarmed many, including the head of Iran's Central Bank, Tahmasb Mazaheri.
"It has created problems since in effect ... the main issue is massive floating capital," said economist Saeed Leylaz.
The government has said those who have used the money to invest in property and not for creating jobs will be banned from obtaining loans for five years.
Criticized by politicians and economists for his populist economic policies, Ahmadinejad cut bank interest rates despite strong liquidity growth last year. They are now well below inflation, currently above 20 percent a year.
Super Jump
"When there is no other opportunity to invest, and interest rates of banks are around 16 percent, naturally money flows to real estate," said Ali Afshari, a real estate agent.
The government has tried unsuccessfully to rein in prices.
With one million prospective owners coming on to the market each year and Iran capable of building only 600,000 new homes a year, conservative politician Mohammad Khoshchehreh said there was a shortage of 1.6 million homes.
Hamid Taghavi, a government employee with two children, sold his 60-square-metre apartment in Tehran to pay for his son's wedding in 2007. It has since become difficult for him even to rent a smaller apartment.
"I wanted to buy a smaller apartment with the rest of the money, but it seems at the age of 55 I will be homeless in less than two years," he said.
Stoking the fire, some real estate brokers and analysts forecast a "super jump" in prices in the coming months amid mounting international pressure on Iran to suspend its nuclear work.
The United Nations has imposed three sets of sanctions on Iran over its disputed nuclear programme. In addition, Washington has blacklisted three of Iran's main state banks and, under U.S. pressure, European banks have also pulled out.
"Low interest rates, strong housing demand ... and the threat of additional U.N. sanctions on Iran will fuel prices," said Mehrdad Divani, a broker, expecting yet more Iranian capital to go into bricks and mortar.
Foreign capital has played a large role in the market's success, because of money repatriated by Iranians living abroad, which analysts believe has increased since Iran was first hit by U.N. sanctions in 2006.
"Fear that assets may be frozen over the nuclear row and the economic recession in the West have accelerated money flows to Iran," said economist Bagher Safarian.
An engineer involved in mass construction of houses in southern Tehran also saw prices rising even more in 2008 as construction booms in much of the country, including in towns near Tehran, where many poorer workers live.
"People have money and they do not trust Iran's banking system because of political and economic instability," said Mansour Khalilian. "Also because the dollar and gold are losing value, people prefer to invest in real estate."
Among those hit by rising prices are Mahmoud Rahimi, a 35-year-old government employee, and his wife Simin. He said it was now impossible for them to buy a small apartment in Tehran where prices range from $2,000 to $20,000.
"If we do not eat, drink and basically do not spend a penny for 40 years, then maybe we can afford to buy a 20-square-metre house" said Rahimi. "If, of course, prices do not increase."

Iran's Housing Boom Creates Millionaires - AOL News


1 comment:

Michael said...

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