Cuba announced Thursday it is allowing the purchase and sale of real estate for the first time since the early days of the revolution, the most important reform yet in a series of free-market changes ushered in by President Raul Castro.
The law, which takes effect Nov. 10, applies to citizens and permanent residents only, according to a red-letter headline on the front page of Thursday's Communist Party daily Granma.
The brief article said details of the new law would be published imminently in the government's Official Gazette, though the government has said previously sales will be subject to taxes and the rules will not allow anyone to accumulate great wealth.
The change follows the legalization in October of the purchase and sale of cars, though with restrictions that still make it hard for ordinary Cubans to buy new cars.
http://www.npr.org/2011/11/03/141971007/cuba-legalizes-purchase-sale-of-private-property
