Cuba opens real estate sector to foreigners as US pressure deepens economic crisis

The move is part of a wider package of market-oriented reforms unveiled by Cuba’s communist leadership.Cuba has opened its real estate sector to foreign investment as part of a sweeping package of economic reforms aimed at tackling a severe crisis and attracting private capital.The reforms, announced by the communist government in June, began taking effect this week through a series of decrees, resolutions and regulations. They come as Cuba struggles with shortages and an economic downturn following months of a US fuel blockade.Under the changes, foreign investors can now invest in Cuban real estate, marking a significant shift for an economy where the state has traditionally played a dominant role, reported AFP.The reforms also allow privately owned Cuban companies to work directly with f