The Cuba real estate market is becoming more transparent

Despite some limitations preserved, the Cuban real estate market becomes more transparent, according to the online source PropertyShowRooms.com . In the center of Havana, Cuba's capital, began to appear real estate sale. At first glance, there is nothing strange, if not for the fact that a month ago the activities of buying and selling real estate in Cuba punishable by criminal penalties. With the coming to power of Fidel Castro since 1959, real estate transactions, as well as the profession of estate agent, were outlawed. For many years, the only possibility to change their place of residence has been exchanged or the conclusion of illegal transactions. The new communist government was trying so hard to save the property market from the speculation that has driven him completely in shadow. Nevertheless, the freedom of real estate buying and selling, even by Cuban citizens are still quite limited. Cubans may have a single home for permanent residence and one vacation home, of course, if they can afford it. The real estate market is closed to foreign buyers, though, thanks to two decades of attempts Castro lead the country towards capitalism, in Havana there is a small number of apartments, which can be purchased by foreigners. HomesOverseas.ru