REUTERS / M.FRANK
For 5 decades...it was illegal to buy or sell homes...except thru a slow and difficult process callled 'permuta'.
No more.
Since a ban was lifted in November...the isla grande is alive with 'for sale' signs.
It may be President Raul Castro's most popular reform yet.
Asking prices vary from a few thousand dollars...to 6 figures.
"Most of the houses sold are (being bought) with the help of family abroad, if not it wouldn't be possible because their value is going up a lot now," said a Cuban.
Most Cubans earn about $20 per month.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- MEXICO: Update On The Electric Power Takeover.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- CROATIA: Exit Polls Predict Presidential Run-off.
- COLOMBIA: FARC Abducts & Murders Provincial Governor.