Bank Of Baku

Cuba lifts ban on real estate transactions

Cuba lifts ban on real estate transactions
# 10 November 2010 14:31 (UTC +04:00)
Baku – APA-Economics. The Cuban authorities have lifted the ban on real estate transactions, a ban that’s been in force since 1959, The Voice of Russia reported.

The Caribbean state government annulled the moratorium on selling and/or buying real estate in the hope that it will lessen the housing shortages in the country.

Earlier the State Council Chairman Raul Castro signed a decree allowing Cubans to set up private businesses and employing people for the first time in 50 years.
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