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Amid A Struggling Economy, Cuban Real Estate Is Booming

October 19, 2016

Carrie Kahn, NPR

If the old real estate adage holds true — it's all about location, location, location — then about 100 miles off the tip of Florida, it's boom time. The real estate market in Havana, Cuba, is roaring.

The communist country is seeing its colonial-style mansions and Art Deco apartments selling in the hundreds of thousands of dollars. Add a Caribbean sea view or a prized spot in a pre-revolution, exclusive neighborhood, and the price can top a million bucks. The prices are soaring, along with speculation in this budding and risky all-cash real estate market.

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