If you want to get a sense of Cuba’s real estate market, you
can read this great roundup
by Reuters or you can do what I did one day last month, which was to go
stand in the Paseo del Prado on a Saturday morning and experience the market
first-hand.
There, Cubans used to congregate to arrange permutas, the swaps that were the only
legal option before residential real estate sales were legalized.
Now things are busier than before and with no
effort at all you meet buyers and sellers, learn about their prices, their
strategies, and the market forces behind the reacomodo in the housing market that the government predicted would
occur. There are even brokers who charge
sellers a few percentage points of the sale price when they find a buyer.
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