Cuba Allows Sale, Ownership Of Residential Property

Law360, New York (November 3, 2011, 3:51 PM EDT) -- The Cuban government said Thursday that it would allow citizens to own real estate for the first time since the revolution, the latest in a string of free-market economic reforms ushered in by President Raul Castro.

The government will allow citizens and residents to own up to two residential properties — one full-time residence and a vacation home — and will recognize ownership rights even in the event of the owner's divorce, death or departure from the country, according to the Gaceta Oficial, the government's official...
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