Cuba to Allow Buying and Selling of Property, With Few Restrictions
By DAMIEN CAVE
Published: November 3, 2011
In Cuba, a new property law was announced to promise to allow the citizens and permanent residents to buy and sell.
Pedro Freyre, who is an expert in Cuban-Aerican legal relations said:
"To say that it’s huge is an understatement. This is the foundation, this is how you build capitalism, by allowing the free trade of property.” (New York Times)
they are carefully protecting socialism as they move toward economic reform, and the new law includes some provisions that seem aimed at controlling both speculation and the concentration of wealth.
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