27.07.2012 - Cubans begin to rebuild their residential real estate market
Since the revolution in the late 1950s, swapping or bartering homes, a process known in Cuba as permuta, was the only way residents could change their accommodations. Property was government owned and private sales were prohibited. In November 2011 the law was amended, giving residents the right to buy property freehold, though they can own only one home in the city and a second one in a rural or coastal location for vacations...............................................Full Article: Source
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