IS IT TIME TO BUYING PROPERTY IN CUBA

Art Directors, Lifestyle, magazine, photography, picture editors, Travel

cuba,property,lifestyle,travel,destination

The new real estate market in Cuba.

“It’s an extraordinarily important first step but it really is just a first step”

For a number of years in the early 1990 Cuban law permitted the construction of some condominium style buildings where foreigners could buy an apartment.  Those who bought these are now able to sell them to other foreigners who are not residents in Cuba. After half a century in which they could only swap houses in a creaky, bureaucratic and often corrupt state-run process known as permuta (exchange), which involved finding two properties of roughly equal value and then getting state approval to transfer the title, Cubans are relishing their new-found economic freedom.

http://www.biniamghezai.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s