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The brand new legislation requires that all real estate transactions be made by Cuban bank accounts in order that they are often higher regulated, and it units a tax price of 8 % of the assessed worth - break up equally by purchaser and vendor. At an intersection in [central Havana](https://www.cbsnews.com/search/?q=central%20Havana) that for many years has served as the town's underground actual estate bazaar, individuals mentioned the tax price seemed reasonable in the abstract, however it's going to depend tremendously on how authorities end up valuing the properties.
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