Cuba – Sound Economics

Cuban Real Estate: Untapped Territory

Posted on November 10, 2016 by Cole Driscoll — No Comments ↓

To follow up Obama’s restoration of trade relations with Cuba about a week ago, it seems worthwhile to look at other aspects of Cuba’s changing economy. The state of the real estate market in Cuba, specifically in Havana, has been on the rise as Americans and foreigners have begun to look for ways to purchase Cuban property. Some of the houses in Cuba are still owned by the government, but since 2011 the state has allowed homeowners to buy and sell property. Cuba law also prohibits nonresidents from purchasing property. But this doesn’t stop foreigners from getting a piece of Continue reading Cuban Real Estate: Untapped Territory→

President Obama Lifts Sanctions on Importing Certain Cuban Goods

Posted on October 21, 2016 by Lukie Crowley — No Comments ↓

Get your Cuban cigars, get your Cuban rum. President Obama just last week lifted the restriction of bringing in over $100 of Cuban cigars and rum to the United States. This is the continued effort of improving the relations of the two countries as they slowly rebound from decades of economic stagnancy. Obama has continued to lift the trade embargo to not only improve the two’s relationship but also stimulate the economy between the United States and Cuba. The value of a fluid relationship will increase quite a bit as United States citizens will increasingly do travel and business in Continue reading President Obama Lifts Sanctions on Importing Certain Cuban Goods→