Despite hurdles, Cuba real estate market buzzing
In this April 19, 2013 photo, Estrella Diaz sits next to a homemade sign advertising her home for sale, in Havana, Cuba. A baffling, sometimes bizarre real estate market has emerged in the year and a half since President Raul Castro legalized private home sales for the first time in five decades. The market still lacks a workable mortgage system, an easy means of advertising potential sales and, most important, a middle class with resources to buy. (AP Photo/Franklin Reyes)
Posted: Tuesday, April 30, 2013 12:00 am
HAVANA (AP) - In some ways, Yosuan Crespo's real estate office resembles any you might find in New York, London or Tokyo. There are slick posters of hot properties hanging from the ceiling, a steady stream of hopeful buyers and sellers and a constant clack of computer keys.
But Crespo's headquarters in central Havana's trendy Vedado neighborhood is actually somebody else's breezy front porch. The computer's only connection to the Internet is a creaky dial-up link, and Crespo is careful to say he's not operating as a broker, since the job is still technically illegal.
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Tuesday, April 30, 2013 12:00 am.