CUEN – Cuentas, Inc. Envisions Double Digit Growth in the Vibrant South Florida Real Estate Market, Anticipating Lower Interest Rates, and Strategically Leveraging Its 10-Year Supply Agreement of Pioneering Composite Building Technology.

Cuentas, Inc. Plans exponential growth in the thriving South Florida real estate landscape in 2024, anticipating lower interest rates, and harnessing the power of cost-efficient and weather-resistant composite building technology from Renco USA. This visionary approach propels Cuentas, Inc., to the forefront of the region's real estate boom, setting the stage for exponential success in the dynamic landscape of multifamily development.

MIAMI BEACH, FL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTC: CUEN & CUENW) (“CUEN” or “the Company”), the foremost developer of fully integrated real estate, telecommunications, and financial applications for the unbanked and underbanked Hispanic market, has officially announced its strategic intentions to broaden its real estate construction ventures in South Florida. This follows the success of its inaugural project in Palm Springs, Florida, where the Lakewood Village apartment buildings were meticulously crafted with a composite material and designed to endure the onslaught of a Category 5 hurricane, thereby ensuring durability while also minimizing construction costs.

The decision comes at a pivotal time as the frequency and intensity of extreme weather events escalate due to climate changes affecting the planet. This vulnerability to hurricanes is particularly pronounced across the entire state of Florida, resulting in a surge in insurance rates and the need to build durable and low-cost housing.

Looking forward, the anticipated reduction in mortgage interest rates in 2024 is poised to catalyze incentives for affordable, weather-resistant, and expeditious construction projects. Cuentas is gearing up to play a pivotal role as a direct developer and investor in the flourishing real estate market. Over the last five years, Florida's home values have skyrocketed by an impressive 80%, and a positive trajectory is forecast for the next half-decade.

Tampa, distinguished as the top real estate market in 2022 by Zillow, has experienced noteworthy spikes in housing prices. Despite the prevailing seller-friendly conditions in the robust Florida market, the potential of lower mortgage rates may entice prospective buyers to make significant property acquisitions. Cuentas, which holds a majority stake in its Tampa project, is poised to break ground in 2024.

Cuentas management's visionary approach is guaranteed in a 10-year supply agreement with Renco USA, the trailblazing manufacturer of modular building technology. The plastic blocks break at 16,000 PSI, which is 10 times stronger than traditional concrete. There is no need to use specialized tools or heavy equipment, and the building flies up with a construction crew following a color-coded diagram while snapping together the pieces. Construction costs are 20 percent less expensive than traditional construction, leading to lower insurance rates.