cuba real estate

Here’s What You Need to Know About Cuba’s Changing Domestic Property Rights

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Here’s What You Need to Know About Cuba’s Changing Domestic Property Rights

The Cuban constitution establishes two types of property rights, those guaranteed to Cuban citizens and those guaranteed to the state. According to Cuba’s constitution, all Cuban citizens are granted the right to own their homes as well as, “other possessions and objects which serve to satisfy one’s material and cultural needs.” Likewise, Cubans are allowed … Read more

Images of Havana Under Construction

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Images of Havana Under Construction

by Simons Chase

Anticipation in Havana has been building for years as US President Obama has steadily re-built a relationship with Cuba.  At the same time, Raul Castro, who took over as President of Cuba after his brother Fidel retired in 2008, has loosened restrictions for real estate trading by expanding permitted transfers to include outright sales.  Previously, transfers were permitted only in the case of cashless exchanges.

The US-Cuba relationship building has translated into a small but promising real estate building and reconstruction boom fueled by Cuban-American cash and domestic demand for housing.

These images were captured in Old Havana and surrounding neighborhoods including Vedado.