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Tuesday, July 26, 2011

Is Change Coming To Cuba?

Because Cuba is a communist country, since 1959 people have not had private property, well they may have the title to their home but where not allowed to sell it for monetary gain, they are at present only allowed to pass on the homes to family members.

Now however the latest proposal at the national assembly, to up date Cuba's economic model, is to allow Cubans to sell their homes for money or to buy another house. Also big news citizens will be able to buy any car they want and sell their old car, good news for some.



Will this result in the sprouting up of car dealerships all over Cuba? Or will measures be put in place to prevent that? Could a career in real estate be the new 'it' job in country, what does this mean to the average citizen, well Cubans have been looking forward to this change for a while, even though the political party whilst recognizing the right to private property, will still control prices and tax.



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