Overseas property news - Housing market blooms in cuban provinces

Housing market blooms in cuban provinces

Hundreds of handwritten signs stuck on doorways and in windows announce “se vende” or “for sale” in provincial cities and towns across Cuba as the island’s nascent housing market begins to bloom.

Buyers walk the streets looking at homes the whereabouts of which were passed along by word of mouth as sellers outside of Havana have limited access to the Internet or other means to advertise their sales.

There are hovels and there are splendid little places tucked between crumbling buildings. There are two-story homes in need of repair and a few in immaculate condition. Some places go for the equivalent of a few thousand dollars, others for much more.

Buying and selling homes was banned for decades in Cuba. The best one could do was trade dwellings in what Cubans call a “permuta” and expand or decrease the size of where you lived by a single room.

Source: VancouverSun.com

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