Skip to comments.Cuba Legalizes Private Home Sales (Private Real Estate Legal Again In Cuba)
Posted on 11/03/2011 9:33:19 AM PDT by goldstategop
The ban on property sales took effect in stages after Fidel Castro came to power in Cuba in 1959.
Parents were able to pass property on to their children, but buying and selling property was not allowed.
The rules have meant that for decades Cubans could only exchange property through complicated barter arrangements, or through even murkier black-market deals, often involving illegal payments and bribes.
With the new law, Cubans will be allowed to own a maximum of two properties - their main home and a holiday home.
A popular aspect of the law will be the abolition of the government agency which regulated house swaps - a system much open to abuse.
(Excerpt) Read more at bbc.co.uk ...
That's rich, considering Doctors make the equivalent of 40.00 a month.
Private ownership is an admission socialism doesn’t work. Why loosen up the corset if its such a paradise?
They are drilling for oil. Cuba might be a good place to move after the Castro’s are not running the place.
What the Commies give, they can take away. No thanks to Cuban real estate.
When the communist took over they allowed people to keep their land or did they take it and give it to the politically connected to pass on. Under communism their is no “private property” so its it the owners of the land in 1958 or the state now selling off land?
“Parents were able to pass property on to their children, but buying and selling property was not allowed”
It sounds to me like private property was more-or-less allowed in that regard, though with the permission of the state. Also, how many Cubans would be able to afford a second house?