The return of Cubans to their homeland revived the real estate market of the island. According to the Daily Times , thanks to the 2013 state migration reform, 40,000 Cubans returned to their homes to acquire real estate.
This was also influenced by the reform of 2011, when an important reform was carried out, which allowed Cubans to buy and sell housing on the island - previously it was only possible to exchange their real estate.
Thanks to such innovations, sales in Cuba increased sharply: 45,000 transactions were completed in 2012, 88,000 in 2013, 100,000 in 2014, after which there was some decline in interest.
But the local real estate market continues to be active, despite the poor access to modern technologies on the island, the lack of public information, the lack of financial instruments and problems in local legislation.
HomesOverseas.ru
