Cuba announced Thursday it will allow real estate to be bought and sold for the first time since
the early days of the revolution, the most important reform yet in a series of free-market changes under President
The law, which takes effect Nov. 10, applies to citizens living in Cuba and permanent residents
only, according to a red-letter headline on the front page of Thursday’s Communist Party daily Granma and details
published in the government’s Official Gazette.
The law limits Cubans to owning one home in the city and another in the country, an effort to
prevent the accumulation of large real estate holdings. It requires that all real estate transactions be made
through Cuban bank accounts so that they can be better regulated, and says the transactions will be subject to bank
Cuba real estate brokers are now allowed to operate legally in Cuba
So, it's not the Cuban government making real estate development and investing in Cuba, the US
Embargo would have to be lifted by a vote in the US Congress in order to let Americans buy
Cuban real estate.
In the mean time, see what you are missing in this video of the Malecon seawall in Havana or you
can search the Havana Journal for Cuba real estate news.
If you need to do a title search, would like to find out about seized Cuban property
claim or have other legal issues, we offer a Cuba legal referral
service that helps match people to attorneys with experience in your area of interest. We can also help you
find an OFAC or Cuban law attorney.