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In major step, Cuba legalizes purchase, sale of real estate

New law applies only to citizens living on island

By Paul Haven
Associated Press / November 4, 2011

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Cuba announced yesterday that it will allow real estate to be bought and sold for the first time since the early days of the revolution, the most important reform yet in a series of free-market changes under President Raul Castro. The law, which takes effect Nov. 10, applies to citizens living in Cuba and permanent residents only, according to a red-letter headline on the front page of yesterday’s Communist Party daily Granma and details published in the government’s Official Gazette.

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