cuban embargo

Recent Housing Boom Draws Exiles Back to Cuba

Louis E.V. Nevaer

Just over a year after the Cuban government permitted the first sale of real estate between private parties, a housing boom is emerging in Havana. Fueled by an influx of foreign capital, much of it from Mexico, for Cuban exiles the boom is proving to be a major draw. It also comes amid signs that the Castro regime, which has ruled Cuba since 1959, may be nearing its end. Since November of 2011, when the country saw its first real estate deal in half a century, there has been a sustained rise in housing prices, particularly in Havana. 

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